SELECTED ASPECTS OF TECHNOLOGICAL THOUGHT IN ECONOMICS ACCORDING TO THE CONDITIONS OF INDUSTRY 4.0

Abstract

The authors of the article generalize the results of research of a selected group of Czech industrial companies. These companies are founded on the experience of technological transformation in industry as a prerequisite for admission to technological chains which demonstrate high measurement accuracy and major changes in technological procedures. The models of internal economic management are not sufficiently flexible to capture these changes as the investments in Industry 4.0 technologies are introduced. The results of investment research showed that the software used to manage the economics of the companies has lost its effectivity and needs replacement. One method of securing flexibility and continuity with Industry 4.0 dynamics is the application of economic thought in economics.