Technological breakthroughs as a fundamental factor in global competitiveness

Abstract

The research objective of the present article is to study new world trends in industrial deve¬lopment and the reaction speed of national governments, companies and workers to technological changes. As research methods, analysis and synthesis of current world trends were applied, as well as special methods were used: expert assessments of international organizations were analyzed, a comparative and economic-statistical analysis was carried out. As a result, the distinctive features of Industry 5.0 are highlighted – this is the coexistence of industry and new social and environmental trends and needs. Change is inevitable: green energy and sustainable products will initially be a monopoly factor and benefit insiders. It is emphasized that in order to achieve global competitiveness, companies need to transform established business models and invest in technology and network forms of business, taking into account social goals: in addition to creating new jobs and ensuring flexible employment, we are talking about personalization of goods and greening. The poli¬tical and economic goals of the fifth industrial revolution and the direction of technological innovations are considered. It is emphasized that technology, according to the new approach, should serve people and society, which means that the technology used in production adapts to the needs and diversity of industry workers. The leaders are artificial intelligence, quantum information and semiconductors. Technological transformation is based on the development of the following areas: individual technologies for human-machine interaction, biotechnology and smart materials, artificial intelligence, digital twins, data transmission, storage and analysis technologies, as well as energy efficiency, renewable energy sources, storage and autonomy. It is an ecosystem-based innovation policy with a flexible focus on results. It is noted that technological transformation will help solve a number of unique social problems. It puts a bold focus from individual technologies to a system approach that allows the industry to achieve social goals beyond job creation and growth, and puts the well-being of industry workers at the center of the production process. In conclusion, the techno-social nature of the fifth revolution is revealed, with technology as tools and social needs as the ultimate goal.