Publication: An Evaluation of Turkey’s Status in Industry 4.0
No Thumbnail Available
Dereli, Deniz Dilara
IJOPEC Publication Limited
Today, Industry 4.0 triggers a significant transformation process in macro scale. Countries seeking to increase production, productivity and growth rates find themselves in a different and rapid competition under the new conditions created by the new generation production systems. It is expected that the intelligent production processes comprising innovative elements such as big data, cloud, industrial internet, autonomous robots, etc., will provide economic benefits such as increase in productivity, decrease in cost, more flexible production structures and high market shares. In this respect, Industry 4.0 can be a tool in order to transform Turkey’s own economic dynamics paving the way to a structural change. This article attempts to explain current position of Turkey in Industry 4.0 processes and discusses the structural reforms required for Turkey’s economy to adapt itself to the intensifying global competition.
Industry 4.0, Production, Competition