IMPLEMENTATION OF INNOVATIVE INDUSTRY 4.0 TECHNOLOGIES FOR THE RECONSTRUCTION OF THE ENERGY SECTOR OF UKRAINE

Abstract. The article explores the implementation of innovative Industry 4.0 technologies in the energy sector of Ukraine. It investigates key issues in the energy sector, including the reduction of electricity production capacities due to destruction, capture, and damage to property, low levels of innovation activity in energy enterprises, high energy intensity of production, moral and physical aging of equipment, and a low influx of foreign direct investments into Ukraine's energy sphere. The majority of the analyzed period indicates a relatively low level of interest from foreign investors in the examined sector of the domestic economy. The study identifies the Industry 4.0 toolkit applicable for the restoration of damaged and modernization of outdated infrastructure, enhancing the efficiency of Ukraine's energy sector. It is noted that among the tools, special attention should be paid to monitoring and forecasting systems, the Internet of Things (IoT), big data, integrated digital platforms, smart financial technologies, smart meters, remote monitoring systems, and artificial intelligence. The author emphasizes the peculiarities of applying this toolkit to solve the diagnosed problems in the energy sector of Ukraine. It is noted that the use of Industry 4.0 tools, namely the Internet of Things and big data analytics, can significantly improve the monitoring and management of energy processes. The problem of low innovation activity of Ukrainian energy companies can be solved by creating integrated digital platforms and developing partnerships between companies to share innovations. The use of smart financial technologies can make Ukraine's energy sector more attractive to investors. The high level of electricity losses during generation and distribution can be addressed by introducing smart meters and remote monitoring systems.

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Publication Details

Journal
Automation technological and business processes
Published
2024-10-24
DOI
https://doi.org/10.15673/atbp.v16i3.2917
Primary Topic
Business and Economic Development
Type
article
Field-Weighted Citation Impact
0.00
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article

IMPLEMENTATION OF INNOVATIVE INDUSTRY 4.0 TECHNOLOGIES FOR THE RECONSTRUCTION OF THE ENERGY SECTOR OF UKRAINE

Yaroslava Hlushchenko
Automation technological and business processes
Business and Economic Development
article

IMPLEMENTATION OF INNOVATIVE INDUSTRY 4.0 TECHNOLOGIES FOR THE RECONSTRUCTION OF THE ENERGY SECTOR OF UKRAINE

Yaroslava Hlushchenko
article en

Abstract

Abstract. The article explores the implementation of innovative Industry 4.0 technologies in the energy sector of Ukraine. It investigates key issues in the energy sector, including the reduction of electricity production capacities due to destruction, capture, and damage to property, low levels of innovation activity in energy enterprises, high energy intensity of production, moral and physical aging of equipment, and a low influx of foreign direct investments into Ukraine's energy sphere. The majority of the analyzed period indicates a relatively low level of interest from foreign investors in the examined sector of the domestic economy. The study identifies the Industry 4.0 toolkit applicable for the restoration of damaged and modernization of outdated infrastructure, enhancing the efficiency of Ukraine's energy sector. It is noted that among the tools, special attention should be paid to monitoring and forecasting systems, the Internet of Things (IoT), big data, integrated digital platforms, smart financial technologies, smart meters, remote monitoring systems, and artificial intelligence. The author emphasizes the peculiarities of applying this toolkit to solve the diagnosed problems in the energy sector of Ukraine. It is noted that the use of Industry 4.0 tools, namely the Internet of Things and big data analytics, can significantly improve the monitoring and management of energy processes. The problem of low innovation activity of Ukrainian energy companies can be solved by creating integrated digital platforms and developing partnerships between companies to share innovations. The use of smart financial technologies can make Ukraine's energy sector more attractive to investors. The high level of electricity losses during generation and distribution can be addressed by introducing smart meters and remote monitoring systems.

Automation technological and business processesVol. 16(3)
National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute” (UA)
Openalex Percentile: Top 72%
Business and Economic Development
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