Industry 4.0 in Micro, Small and Medium Sized Enterprises of the Sarajevo Canton

Industry 4.0, along with its fundamental technologies, has been fundamentally changing the landscape around us for the last 15 years. From the company's point of view, these changes seem ambivalent: in addition to opening up numerous opportunities, they also present companies with the challenges of effectively implementing these technologies and successfully mastering them in order to preserve their competitive positions and achieve their goals. Unfortunately, the implementation processes are not simple, but require both sophisticated knowledge, as well as large financial expenditures and commitment to the implementation of these processes. The challenges faced by micro, small and medium-sized enterprises are even greater. The usual lack of resources puts these companies in front of additional difficulties in how to survive in turbulent times and turn the changes to their advantage. The paper examines the practice of implementing Industry 4.0 in micro, small and medium-sized enterprises, with a special focus on the representation of these technologies in Bosnia and Herzegovina, Sarajevo Canton. The research conducted in 2023 showed that micro, small and medium-sized enterprises in Sarajevo Canton first adopt those I 4.0 technologies that are more affordable and easy to master the knowledge for their use. Further implementation of I4.0 technologies in micro, small and medium-sized enterprises in Sarajevo Canton is essentially determined by the support of institutions through appropriate educational programs, as well as the establishment of an appropriate cyber-physical environment that will support this ecosystem.