Modern Opportunities for Optimizing Business Processes to Achieve Sustainable Development

Abstract

The study revealed the opinion of the scientific community about the existence of prerequisites for the emergence of the fourth industrial revolution, which are based on the development of technologies that have a significant impact on the main production aspects. The study of the impact of Industry 4.0 technologies on business processes in order to achieve sustainable development was carried out. The significance of the concept of sustainable development for business activities is investigated. The authors propose a classification of sustainable development goals in accordance with the components of sustainable development. The study examines the essential content and features of business process modeling based on process standards (notations), as well as the need to optimize them to achieve sustainable development of economic entities. The article formulates a sequence of works on optimization of business processes, adjusted for the specific conditions of functioning of business entities. The analysis of the competitive advantages of business participants, potential for implementation when participating in the implementation of the UN Sustainable Development Goals, is carried out. It is revealed that the achievement of sustainable development is not possible in the absence of the introduction of new technologies, expressed in the implementation of process innovations.