With Respect to Industy 4.0 an Analysis on Turkey’s Current and Future State

Major improvements and reforms in production sector which have been taking place at recent years, forced governments to adapt themselves to these fast changing developments in order to be able to compete with other international economical actors. For this purpose, they started to develop some new strategies. Industry 4.0 is the name of one of these strategies which started to take place in 2011. One step forward on mechanization in production processes, internet and otomation are the concepts which Industry 4.0 refers to. It may be said that these developments and related strategies are coming from the need of high productivity and search for new added values. Whole major economies and developing economies would have a powerful status in international conjuncture if only they can manage to integrate their processes to the fast changing world. In this study, in order to analyze the current and also future returns and profits of Industry 4.0; industrial periods and reform ages will be examined in whole world. The outcomes of these examinations will be compared to Turkey’s economy and this study will asses the current situation of our country in the context of Industry 4.0