Industry 4.0 as the Determinant of Enterprises' Development in the European Union

The Industry 4.0 on the one hand opens up new opportunities for enterprises in the European Union, on the other hand, it entails threats related to the digitization of the economy and the security of functioning in cyberspace. Industry 4.0 means that companies need to change the business model to a fully digital one. Thus, joining in the process of digital transformation requires the company to have a comprehensive approach covering all its areas of activity. In the European Union, the concept of industry 4.0 has been a reality for several years, especially for companies in the automotive, steel and production industries, mainly in the field of production of electronic equipment or production of plastic products. The main objective of the study is to present the assumptions and determinants of the Fourth Industrial Revolution taking into account the European perspective. The research method used in the study is the case-study method, which are selected European enterprises.