EconPapers    
Economics at your fingertips  
 

The Role of Humans as Key Enablers of Industry 5.0

Elda Dollija () and Kriselda Gura ()
Additional contact information
Elda Dollija: Beder University College
Kriselda Gura: Beder University College

Chapter Chapter 5 in Constraints and Opportunities in Shaping the Future: New Approaches to Economics and Policy Making, 2024, pp 39-55 from Springer

Abstract: Abstract In 2011, the German government introduced Industry 4.0. A decade later, the European Commission initiated a new area of revolution named Industry 5.0. Based on the latest studies, this article explains the reasons behind the introduction of this new industry. It confirms the idea that I5.0 is a revolution rather than the evolution of I4.0. The Fifth Industrial Revolution, 5.0, aims to improve on the drawbacks of the previous one. Previous researchers have stated that, despite its benefits, I4.0 has lost its human and environmental dimension. Furthermore, during the COVID-19 pandemic, I4.0 did not prove resilient enough to withstand the disruption and be recovered later. Therefore, Industry 5.0 supplements I4.0’s focus on three core values: human centricity, sustainability, and resilience. I5.0 will address the fundamental issue of the loss of human employees in the industry and the promotion of skills and diversities through innovative ways such as Operator 5.0 or Co-bots. Additionally, tighter cooperation between people, machines, and digital technologies is required in order to achieve mass personalisation. Mass personalisation helps achieve environmental and economic sustainability as well as industry resilience. Recent studies have shown that, despite Industry 5.0’s contribution to the world economy, ecology, and society, we will face many challenges during its implementation. The first challenge is developing the soft and practical skills of the workforce and other necessary abilities to execute Industry 5.0 as a whole. Specialised training programs, instructors, and other actors are necessary to offer training sessions for the development of these new soft and practical skills. On the other hand, strict privacy, security, and ethical concerns are necessary for the adoption of disruptive technology applications used in Industry 5.0.

Keywords: Industrial revolution; Industry 4.0; Industry 5.0; Sustainability; Resilience; Human-centric (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-47925-0_5

Ordering information: This item can be ordered from
http://www.springer.com/9783031479250

DOI: 10.1007/978-3-031-47925-0_5

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-06-15
Handle: RePEc:spr:prbchp:978-3-031-47925-0_5