Digital Transformation Impacts on Industry 4.0 Evolution

This paper explores digital metamorphosis and its contribution to smart logistics. Technological developments have disintegrated business processes and conditioning by taking enterprises to utilize digital technologies in all operations. The world is currently undergoing Industry 4.0, a new industrial revolution characterized by the utilization of novel technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data in manufacturing processes. This has led to significant changes in the way industries operate, and it has also impacted other sectors of the economy. In this paper, we will focus on two aspects of Industry 4.0 – Smart Logistics and Smart Economy and highlight their impact on the industrial sector and the economy as a whole.