Abstract:

The goal of this scientific study is to clarify and further specify Industry 4.0, to point out its possible social and economic consequences and to analyze Slovakia's state concept on Industry 4.0, called "Smart Industry for Slovakia". The focus is on the current state of the industry in Slovakia, we analyze the impact of digitization on the labor market. A new aspect that will be fully developed in Industry 4.0 processes is to use new business models that will work on platforms within a collaborative economy. As a result of Industry 4.0 we can expect an increase in efficiency and productivity of the Slovak economy with unknown effects on the labor market and the income of the population.