The arc of Industry 5.0 bends towards a social purpose

Venkatesh, Sudheesh (2023) The arc of Industry 5.0 bends towards a social purpose. NHRD Network Journal, 16 (2). pp. 190-195.

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Abstract

The article argues that industry is coming alive to its social purpose, with considerations like equity, environmental impact and ethics. It starts with the history of industrial revolutions from 0.0 to 4.0, detailing their impact on society. It goes on to introduce the concept of Industry 5.0, which is built on the principles of human centricity, sustainability and resilience. The author explains the implications of Industry 5.0 to society, leadership, and HR. He argues that Industry 5.0 is not a revolution but an evolution of the manufacturing process, which is characterized by the integration of various technologies such as artificial intelligence, the Internet of Things, and robotics. He concludes by discussing how individuals can adapt to the requirements of Industry 5.0. The article points to Industry 5.0 becoming more humane with greater responsibility for equity, justice, and sustainability.

Item Type:	Article
Authors:	Venkatesh, Sudheesh
Document Language:	Language English
Uncontrolled Keywords:	Industry 5.0, Social purpose, Implications for leaders, implications for HR
Subjects:	Technology > General Management > Personnel management (Human resource management)
Divisions:	Azim Premji University
Full Text Status:	Public
Related URLs:	Publisher
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/4793
Publisher URL:

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