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2024 | OriginalPaper | Buchkapitel

Industry 5.0, Future of Workforce Beyond Efficiency and Productivity

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Abstract

Industry 5.0 is revolutionary in the sense that it proposes a very different approach for industries and economies to succeed in a sustainable manner. Industry 5.0 emphasizes the need for an eco-friendly and human-centric production system that promotes workforce well-being and empowerment using flexible and adaptable technologies. The technologies in Industry 5.0 are agile and resilient and offer sustainable development while respecting planetary boundaries. In short, Industry 5.0 is based on the integration of the four Ps principle, people, planet, profit, and processes. The key elements/drivers of Industry 5.0 are (1) Reduced cost due to resource efficiency, (2) Improved safety and well-being, (3) Empowered workers remaining in control, (4) Competitive edge in new markets, (5) Adapted training for evolving skills, and (6) Competitive industry by attracting the best talent.
Although Industry 5.0 is still a new concept, and the technologies used in it are still being developed and refined, it holds great value for both businesses and society as a whole. From the introduction of a range of environmentally friendly technologies to offering flexibility through customization and personalization, from addressing workplace safety concerns to increasing the efficiency of manufacturing processes, Industry 5.0 promises a significant impact on the future of mankind and the planet.

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Literatur
Zurück zum Zitat Garau, C., & Vanino, E. (2020). Industry 5.0: Opportunities and challenges for small and medium enterprises. International Journal of Production Research, 58(2), 579–592. Garau, C., & Vanino, E. (2020). Industry 5.0: Opportunities and challenges for small and medium enterprises. International Journal of Production Research, 58(2), 579–592.
Zurück zum Zitat Ivanov, D. (2023). The industry 5.0 framework: Viability-based integration of the resilience, sustainability, and human-centricity perspectives. International Journal of Production Research, 61(5), 1683–1695.CrossRef Ivanov, D. (2023). The industry 5.0 framework: Viability-based integration of the resilience, sustainability, and human-centricity perspectives. International Journal of Production Research, 61(5), 1683–1695.CrossRef
Zurück zum Zitat Kagermann, H., Wahlster, W., & Helbig, J. (2013). Recommendations for implementing the strategic initiatives INDUSTRIE 4.0: Securing the future of German manufacturing industry; final report of the Industrie 4.0 working group. Kagermann, H., Wahlster, W., & Helbig, J. (2013). Recommendations for implementing the strategic initiatives INDUSTRIE 4.0: Securing the future of German manufacturing industry; final report of the Industrie 4.0 working group.
Zurück zum Zitat Maddikunta, P. K. R., Pham, Q. V., Prabadevi, B., Deepa, N., Dev, K., Gadekallu, T. R., et al. (2022). Industry 5.0: A survey on enabling technologies and potential applications. Journal of Industrial Information Integration, 26, 100257.CrossRef Maddikunta, P. K. R., Pham, Q. V., Prabadevi, B., Deepa, N., Dev, K., Gadekallu, T. R., et al. (2022). Industry 5.0: A survey on enabling technologies and potential applications. Journal of Industrial Information Integration, 26, 100257.CrossRef
Zurück zum Zitat Morandini, S., Fraboni, F., Angelis, M. D., Puzzo, G., Giusino, D., & Pietrantoni, L. (2023). The impact of artificial intelligence on workers’ skills: Upskilling and reskilling in organisations. Informing Science., 26, 039–068. https://doi.org/10.28945/5078. Morandini, S., Fraboni, F., Angelis, M. D., Puzzo, G., Giusino, D., & Pietrantoni, L. (2023). The impact of artificial intelligence on workers’ skills: Upskilling and reskilling in organisations. Informing Science., 26, 039–068. https://​doi.​org/​10.​28945/​5078.
Zurück zum Zitat Yli-Ojanper¨, M., Sierla, S., Papakonstantinou, N., & Vyatkin, V. (2019). Adapting an agile manufacturing concept to the reference architecture model industry 4.0: A survey and case study. Journal of Industrial Information Integration, 15, 147–160.CrossRef Yli-Ojanper¨, M., Sierla, S., Papakonstantinou, N., & Vyatkin, V. (2019). Adapting an agile manufacturing concept to the reference architecture model industry 4.0: A survey and case study. Journal of Industrial Information Integration, 15, 147–160.CrossRef
Metadaten
Titel
Industry 5.0, Future of Workforce Beyond Efficiency and Productivity
verfasst von
Manbo He
Badr-un-nisa Chand
Copyright-Jahr
2024
DOI
https://doi.org/10.1007/978-3-031-46189-7_2

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