Current Problems and Future Prospects of Digital Transformation of Industries in Russia

Abstract:

In this paper, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This article mainly focuses on revealing the emerging trends in industry digital transformation and presenting the authors views on how to sustain and increase competitive advantage of the Russian Federation by implementing Industry 4.0.