The Impact of Digitalization and Industry 4.0 on Business. ERP Systems can be a Solution for Business?

The progress of the digitalization of the industry has motivated companies to increase investments in solutions and tools that allow the automation of processes so that they can develop and improve their performance. The impact of the digitalization concept on the business has become a very special topic for most companies that want to automate their processes and to have a sustainable business. The progress of the economic and IT environment has led to the emergence of digital transformation, which has an impact on the expectations and behaviour of companies. The aim of this paper is to observe the impact of digitalization and industry 4.0 on business, and particularly whether ERP systems are a solution for business. The research method used was the systematic review of the literature. The selected articles aim at defining the concepts of digitization and industry 4.0, the advantages and disadvantages of industry 4.0, but also at demonstrating that ERP systems are the best solution for process automation for companies. The results showed that digitalization and industry 4.0 have a positive impact on the performance and sustainability of companies if they implement an ERP system within the company. In conclusion, ERP systems have a beneficial role for a company.