The phenomenon of the fourth industrial revolution and its impact on the economy and management

The study is devoted to the phenomenon of the fourth industrial revolution. The aim of the work was to determine the scale of the impact of industry 4.0 and its socio-economic consequences. The information base was the work of domestic and foreign scientists studying this issue, as well as publications on the results of the introduction of digital technologies in the practice of enterprise management. The results of the study led to the conclusion that digitalization is being introduced in various fields of activity at an unusually fast pace and has a huge positive effect, despite a number of problems.