Digital conversion and effects in production: An analysis for Turkey's economy

Industry 4.0; It is the latest industrial revolution created by the digital transformation in production that combines modern technologies with modern value chains. This transformation includes real and virtual systems, informatics, Internet services that diversify with the Internet of Things. Industry 4.0; internet, communication, informatics, sensor, automation, artificial intelligence - machine learning, and robotic technologies significantly affect and change production processes. The major changes and industrial revolutions experienced in industrial production today have forced countries to adapt to this change movement in order to achieve competitive power, and they have developed some strategies for this competitive power they want to achieve. This process started in 2011 and was called Industry 4.0. The two most important expectations from this process are high efficiency and high added value. The ability of developed and developing economies to capture and sustain the process is very important in terms of determining where they will be in the international conjuncture in the future. In this context, the study consists of three parts. In the first part, the emergence, vision, components, design principles, benefits, opportunities and challenges of the 4th Industrial Revolution are included. In the second part, applications in the world within the scope of the effects and components of Industry 4.0 are presented. Finally, the third section, the state of the industry 4.0 scope of Turkey's economy and competitiveness analyzed and disclosed SWOT analysis of the result, Turkey has tried to put forward the vision and possible policies for the Industry 4.0 fit it. As a result of the analysis, it was determined that the awareness of Industry 4.0 started in both private and public sectors in our country, but it has not yet reached a sufficient level.