THE ASSESSMENT OF UKRAINE'S READINESS FOR INNOVATIONS IN THE CONDITIONS OF THE SPREAD OF TECHNOLOGIES OF THE NEW INDUSTRIAL REVOLUTION

Abstract

The article is devoted to the topic of Ukraine’s readiness for innovations in industry 4.0. The article also discusses
the concept of the 4th industrial revolution. The proposed methodology for assessing readiness for innovations
is based on the annual ranking of The Global Innovation Index of Cornell University, the French Business School
and Research Institute (INSEAD), the World Intellectual Property Organization (WIPO) and official EU statistics.
An analysis was carried out of Ukraine’s readiness for innovation in comparison with EU countries in the area
of "The Conditions for Creating Innovative Potential, Level of Innovation Potential, Conditions for Realization
of Innovative Potential, Realization of Innovative Potential". A cluster analysis of countries regarding the level
of preparedness for innovation based on the indicators was also made. The strengths and weaknesses of Ukraine
as an innovative country are highlighted, practical recommendations are also given for improving the level
of innovative development in the country.