Track: Knowledge Management

Abstract

Abstract

“Czech companies can not sufficiently exploit the potential of the digitalization in combination with Industry 4.0. In this respect, foreign companies are a great inspiration because they are much more strategically and comprehensively involved in digitization." This is the conclusion of a study performed by the consultancy company EY in a cooperation with the Czech Chamber of Commerce in the summer of 2018.

To increase the competitiveness of companies in general, there is a need to improve their access to the digitization. One of the areas where an emphasis is needed to place is a knowledge management in conjunction with digitalization.

The knowledge Management is a discipline dealing with the storage, development and transfer of knowledge, experiences and information among other members of company. Companies with a perfectly developed process of digitization and knowledge transfer have undeniable advantages over others.

The aim of this paper is to introduce and facilitate understanding of knowledge management issues in conjunction with Industry 4.0. The importance of adaptation to the progress made by this concept is shown and explained not only by examples from the practice.