Business risks connected with Industry 4.0

The paper deals with the phenomenon Industry 4.0 and characterizes the business risks connected with the implementation of Industry 4.0 in the corporate environment. This concept is based on the computerization of production and interconnection of machines. The products will be produced in smart factories with the minimal share of human labour. The companies will have to invest enormous funds in the new technologies that will secure the faster, cheaper and more effective production with the comparison of the present systems of production. On the other hand, this concept is associated with a lot of problems and possible risk which companies will face. The main aim of the submitted paper is to highlight the selected risks connected with the financial management, controlling and the financial accounting.