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The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs

Transportation, logistics, storage, and many other sectors provide a wide space for applying Industry 4.0. This era, with its components, represents the equipment necessary to obtain a unique competitive advantage. Being smart through sensors, big data, and digitalization corresponds not only to evo...

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Detalles Bibliográficos
Autores principales: Durana, Pavol, Valaskova, Katarina
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9697814/
https://www.ncbi.nlm.nih.gov/pubmed/36433280
http://dx.doi.org/10.3390/s22228671
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author Durana, Pavol
Valaskova, Katarina
author_facet Durana, Pavol
Valaskova, Katarina
author_sort Durana, Pavol
collection PubMed
description Transportation, logistics, storage, and many other sectors provide a wide space for applying Industry 4.0. This era, with its components, represents the equipment necessary to obtain a unique competitive advantage. Being smart through sensors, big data, and digitalization corresponds not only to evolution but also provides protection for businesses in the face of depression. The COVID-19 pandemic caused collapses and defects for very large enterprises and large enterprises, especially for small and medium-sized enterprises (SMEs). This article focuses on SMEs and their profits from using smart sensors. Thus, the aim was to expose the striking effect of Industry 4.0 on earnings during the crisis in the Visegrad Four. The Mann–Kendall trend was used to map the consequences contrasting the period of 2016–2021. The investigation involved samples from 1221 Slovak, 259 Czech, 855 Polish, and 2156 Hungarian enterprises. The results showed that more than 80% of businesses did not have a negative trend in how their earnings changed over time. This fact was confirmed by a z-test for the comparison of one proportion for each analyzed country. The adaptation to Industry 4.0 strengthened the muscle for bankruptcy resilience during the crisis. In addition, it may encourage enterprises to be smart in the same or different sectors.
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spelling pubmed-96978142022-11-26 The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs Durana, Pavol Valaskova, Katarina Sensors (Basel) Article Transportation, logistics, storage, and many other sectors provide a wide space for applying Industry 4.0. This era, with its components, represents the equipment necessary to obtain a unique competitive advantage. Being smart through sensors, big data, and digitalization corresponds not only to evolution but also provides protection for businesses in the face of depression. The COVID-19 pandemic caused collapses and defects for very large enterprises and large enterprises, especially for small and medium-sized enterprises (SMEs). This article focuses on SMEs and their profits from using smart sensors. Thus, the aim was to expose the striking effect of Industry 4.0 on earnings during the crisis in the Visegrad Four. The Mann–Kendall trend was used to map the consequences contrasting the period of 2016–2021. The investigation involved samples from 1221 Slovak, 259 Czech, 855 Polish, and 2156 Hungarian enterprises. The results showed that more than 80% of businesses did not have a negative trend in how their earnings changed over time. This fact was confirmed by a z-test for the comparison of one proportion for each analyzed country. The adaptation to Industry 4.0 strengthened the muscle for bankruptcy resilience during the crisis. In addition, it may encourage enterprises to be smart in the same or different sectors. MDPI 2022-11-10 /pmc/articles/PMC9697814/ /pubmed/36433280 http://dx.doi.org/10.3390/s22228671 Text en © 2022 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Durana, Pavol
Valaskova, Katarina
The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs
title The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs
title_full The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs
title_fullStr The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs
title_full_unstemmed The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs
title_short The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs
title_sort nexus between smart sensors and the bankruptcy protection of smes
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9697814/
https://www.ncbi.nlm.nih.gov/pubmed/36433280
http://dx.doi.org/10.3390/s22228671
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