INDUSTRY 4.0 AND SMALL AND MEDIUM-SIZED BUSINESSES

The Fourth Industrial Revolution is an irreversible process that is currently shaping the business environment. Industry 4.0 is not an option, it is a process, and this must be recognized by small and medium-sized businesses. They must adapt their business to the given global trend. Digitization and robotization is a threat to many small and medium-sized enterprises, but also a great opportunity. The aim of the contribution is to point out the possible impacts of industrial revolution on small and medium-sized enterprises in the conditions of our economy. We are thinking about the impact of the revolution on the creation and extinction of jobs in the economy. Behind the preparedness of SMEs to cope with these new challenges of the globalization environment. Above the possibilities of using network initiatives in the industrial revolution process.