The impact of Industry 4.0 on the value chain: the case of Lithuanian traditional industries

Abstract

Industry 4.0 brings changes within only a few decades after the third industrial revolution to all the spheres of industrial, business and social life. The article aims to identify usage of information and the technological characteristics of Industry 4.0 using literature review method and to evaluate the impact of each of them into the value chain using expert evaluation method. Overview of Industry 4.0 concepts used in the literature identified the characteristics of Industry 4.0. Experts indicated two groups of importance of the described characteristics of the Industry 4.0 to the value chain and scored the characteristics to the each of the part of the value chain. Internet of things, digital infrastructure, vertical/ horizontal integration and robotics are seen as very important nowadays in the development of industries. The rest characteristics such as 3D printing, artificial intelligence, etc are indicated as having less importance at present. The transfer of findings in the process of implementation of Industry 4.0 technological pillars across different industries as well as other actors – public, SMEs - different types of enterprises and sectors are to be researched further on.