The impact of industry 4.0 on economic security

Abstract

Fourth industrial revolution, and Lithuania's achievements in the field of digital economy is analyzed in the article. Examining the perception of Industry 4.0, it shows that Industry 4.0 and the Fourth Industrial Revolution are not identical. And if Industry 4.0 is related to the deployment of digital transformations and technology, so the Revolution covers practically all areas. Therefore, the purpose of this article is to show the Fourth Industrial Revolution impact on economic security. An analysis of the case of economic security perception has shown that economic security works as a guarantor of the country's competitiveness and the Fourth Industrial Revolution. An analysis of threats to economic security in Lithuania has shown that the object of economic security is its economic system and economic indicators, competitiveness, which determines the general rise of Lithuania in the EU and in the global context. The paper analyzes the threats to the Fourth Industrial Revolution in Lithuania, identifies possible solutions for reducing threats and improving the results of the engineering industry.