Industry 4.0 and technologies used in SMEs

Innovation is becoming an increasingly essential part of business. Modern technologies are increasingly penetrating everyday life, not just the business sphere. Without the implementation of new technologies, many companies will cease to exist. At best, they will lag far behind the competition. We can already see different levels of use of new technologies across individual businesses. The question also remains how to finance and subsequently evaluate these significant investments. This contribution aims to determine which technologies are most used in small and medium-sized organizations and how their choice is influenced. Attention is also paid to the reasons behind using technologies related to Industry 4.0. Data for this research were collected using an online questionnaire survey. It has been found that digitalization and cloud storage technologies are the most widely used in absolute terms. On the other hand, technologies such as Machine learning, Big data, or Virtual reality are used to a minimal extent. It has also been observed that the organization's vision is the main reason for implementing these technologies.