The «Five-Helix» Model as an effective way to develop business in Industry 4.0 of selected countries
DOI:
https://doi.org/10.15549/jeecar.v9i2.920Keywords:
Industry 4.0, innovation system, five-helix model, companies, business, information transformationAbstract
This article aims to assess the potential of using the components of the five-helix model in countries with different levels of business development in Industry 4.0 for the US, Azerbaijan, Ukraine, and Poland. We determined the stimulators and not stimulators of the company development interacting with the participants of the innovation system: "business," "society," "state," "science," and "environment." We empirically evaluated the company’s ability to use the potential of the five-helix model during the transition to Industry 4. These estimates, along with the development indicators of the five-fold spiral elements, were used to build a decision tree for choosing a practical scenario for business development and information transformation. It helped determine options for ensuring business efficiency, depending on the development of the five helix components and the company's ability to use their development potential.
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