An evaluation of the competitiveness of the Slovak automotive industry via digitalization and the adaptability of the population to Industry 4.0

Abstract

In this paper, the social effects of rapid digitization in Slovakia are examined. Several data show that the Slovak economy has become less competitive since 2020. Similarly, Slovakia’s preparedness for transformation into a modern and resilient economy is a matter of concern. The methodology investigates insolvency models in Slovakia via descriptive statistics of the secondary data. DESI data illustrates population digitization. Study objectives were compared and synthesized using data and visualization techniques. Graphs indicate that the influence of digitization on production and logistics automation surpasses that on product value. The study highlighted the importance of monitoring and predicting digitization’s effects. Countries being reviewed must understand this and make changes as quickly as possible.