Abstract:

It is shown that when implementing the strategy of economic development "industry 4.0" there is a need to form a predictive Analytics business process management effective change in production technology. Possibility of practical interpretation of the theory of endogenous economic growth on models of technological development of separate firms is considered. The identity of the index of the rate of technological progress in the models of exogenous economic growth and the coefficient of technological level of production offered by one of the authors, which can be quantified by statistical data, is revealed. Its absolute value depends on the level of capital equipment of production systems, and the growth is associated with a significant update of the active part of fixed assets on a new technological basis. It is defined that technological development of industrial firms is possible in four directions, but the first and fourth directions can be realized in two variants that reflects the corresponding matrix. To investigate the relationship between these areas and the sequence of transition from one direction to another, characterizing the life cycle of technological development of industrial companies, which consists of six stages. For each stage of development the economic indicator (material efficiency, capital efficiency or coefficient of level of technological development) is defined. It is shown how the transition of one stage to another has an impact on the change in the cost of production of firms. It is defined that the new equipment or technology for further increase of efficiency of production shall provide necessary level of capital productivity, and the way of calculation of this level is offered. In the formation of predictive Analytics to manage the effective technological and economic development of production systems, it is necessary to additionally include in the system of Balanced Indicators the coefficient of the level of technological production and investment and innovation leverage. It is offered to use interrelation of processes of technological and economic development of industrial firms with calculation of the corresponding indicators at carrying out investment and innovative business analysis and forecasting of results of innovative activity.