Digitalization of the World Economy: Performance Evaluation of Introducing Cyber-Physical Systems

Abstract

Cyber-physical systems are analyzed in the article: the definition of these systems is given, the main directions included in cyber-physical systems are considered, and these systems are classified. The development of the global cyber-physical systems market is assessed in the study: its financial volumes were determined, growth rates were analyzed, the most promising regions of the world in terms of the investment were identified, in which the development of cyber-physical systems received the highest priority. After the conducted analysis, leaders among the countries of the world were identified and companies that were at the forefront of the global cyber-physical systems market were identified. On the basis of the conducted research, the prospects and development trends of the global market for these systems were identified, the main areas of use of cyber-physical systems were analyzed. One of the main problems in the implementation of innovative projects is to evaluate economic efficiency. Therefore, the study proposed a model for evaluating efficiency based on the total cost of ownership method, which involves estimating the costs of implementing and operating a cyber-physical system compared to the existing control system. This model has been tested in relation to the conditions of the enterprise machine-building complex in the Russian Federation.