The phenomenon of the Fourth Industrial Revolution in the field of finance, economics and management

Abstract

The Fourth Industrial Revolution, also called Industry 4.0, is a term that describes the changes that are taking place in society, industry and technology, which are related to the digitization of industry, automation, data processing and exchange, and modern manufacturing techniques. This concept is based on a greater involvement of intelligent systems and robots in various types of manufacturing and service sectors that are able to last longer and more efficiently than humans. The fundamental thing for Industry 4.0 is the interpenetration of the physical and digital worlds. All these epochal changes, due to which the process of technological changes is referred to as a revolution, will also not bypass the financial sector, i.e., the sector in which graduates of faculties such as finance, accounting or controlling will have to find themselves. Bearing in mind the above assumptions, the aim of the research was to present the characteristics of the changes that will affect the financial sector and to determine the degree of knowledge of students in fields linked to finance, accounting, controlling and related fields about the Fourth Industrial Revolution and the technologies behind the revolutionary changes.