Abstract
Purpose/Objectives: The article is devoted to traditional smart development tools, being transformed in Industry 4.0. The modern economic system is based on the priority of new knowledge and developments, establishing the competitiveness of a commercial structure and its capital, that is, on intellectual innovation activity that predetermines the search and development of new directions in traditional work of a market entity. For successful innovation activity, necessary are certain costs that will be paid back in multiple amounts when implementing the results of such work in the future.
Methodology: In the work, regulatory analysis and assessment of the current situation in public national economic system administration, methods of content and statistical analysis, and formalization and analog methods were applied.
Results: Modern trends in the world economy are predetermined by the fourth industrial revolution of Industry 4.0 that is based on cyber physical systems, artificial intelligence, remote control, and algorithms. Today, digital platforms for interaction between market entities have already been developed and make it possible to remotely solve many problems.
Conclusions/Significance: The proposed investigation is important because it has systematized and comprehensively substantiated key trends in the development of intellectual capital induced by Industry 4.0 in the world market. The obtained solutions will become intellectual property and act as a specific asset that has its market price and is aimed at modernizing the entire economic system. The emerging economy is an economy of knowledge and intellectual capital that enables gaining a monopoly position in the world market.
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The reported study was funded by RFBR according to the research project No. 18-010-00103 A.
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Burlakov, V.V., Dzyurdzya, O.A., Gudkova, O.E., Fedotova, G.V., Sokolov, A.A. (2021). Smart Solutions for Intellectual Capital Commercialized in Industry 4.0. In: Popkova, E.G., Sergi, B.S. (eds) "Smart Technologies" for Society, State and Economy. ISC 2020. Lecture Notes in Networks and Systems, vol 155. Springer, Cham. https://doi.org/10.1007/978-3-030-59126-7_126
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DOI: https://doi.org/10.1007/978-3-030-59126-7_126
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