In the article, the authors set a goal to analyze the prospects and problems of the formation of Industry 4.0 in Russia. The authors emphasize that the fourth industrial revolution completely changes not only the production processes and economic life of a person, but completely changes his view of the world, moving it into digital reality. Industry 4.0 is the production side of the Internet of Things, which is identically oriented towards consumers, where absolutely all household items are connected to the Internet. The emergence of Industry 4.0 is characterized by the growth of integrative interaction of enterprises both horizontally and vertically, flexibility and individualization of products and technologies, growth of labor productivity, new character of accumulation of human capital, growth of threats to cyber security. The success of the formation of Industry 4.0 is possible with the active state support of innovation in such areas as: creation of infrastructure, training and development of digital culture, ensuring cyber-security, promotion and financing of new domestic developments, assistance in the development of digital platforms and the industrial Internet.