The Fourth Industrial Revolution, also known as Industry 4.0, refers to a wide range of technological innovations, including the Internet of Things (IoT), artificial intelligence (AI), automation, big data and other digital technologies. These technologies are bringing significant changes to production processes, services and society as a whole. It is generally accepted that digital transformation has already become a driver of the development of the world economy, and over the next ten years (ICT) will be even more deeply integrated into the economy and society of the countries of the world. According to the forecasts of the international digitalization market research company International Data Corporation, by 2023 more than 50% of all ICT spending in the world will be on digital transformation and innovation. At the same time, studies show that the digital economy is growing on average 2.5 times faster than the entire economy as a whole, and investments in digital technologies are 6.7 times faster than “non-digital” ones. Research shows that over the past thirty years, a $1 increase in investment in digital technology resulted in an increase in GDP of up to $20, while a similar increase in investment in non-tech industries resulted in only a $3 increase in GDP.
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