Authors:
Prasanth Anand P, Uday Kumar Kanike, P. Paramasivan, S. Suman Rajest, R. Regin, S. Silvia Priscila

Addresses:
1Department of Computer Science and Engineering, SRM Institute of Science and Technology, Tamil Nadu, India. 2Department of Business Administration, J. Mack Robinson College of Business, Georgia State University, Atlanta, USA. 3Department of Science & Humanities, Dhaanish Ahmed College of Engineering, Chennai, Tamil Nadu, India. 4Department of Research and Development, Dhaanish Ahmed College of Engineering, Chennai, Tamil Nadu, India. 5Department of Computer Science and Engineering, SRM Institute of Science and Technology, Ramapuram, India. 6Department of Computer Science, Bharath Institute of Higher Education and Research, Tamil Nadu, India. pp2259@srmist.edu.in1, ukanike1@student.gsu.edu2, director@dhaanishcollege.co.in3, dean.rnd.tric@dhaanishcollege.co.in4, reginr@srmist.edu.in5, silviaprisila.cbcs.cs@bharathuniv.ac.in6,   

Abstract:

This study paper examines the idea of Industry 5.0 and its potential to improve human life. Focusing on a comprehensive and human-centered approach to industrial development, the article examines the change from Industry 4.0 to Industry 5.0. Industry 5.0 recognizes the unique potential of people and aspires to build inclusive workplaces that support personal development. In order to enable a symbiotic interaction between humans and robots, the study paper emphasizes the integration of cutting-edge technologies, including collaborative robotics, augmented reality, and virtual reality. Productivity, efficiency, and job satisfaction all rise due to this collaboration. Industry 5.0 also focuses on environmental awareness and sustainability, connecting industrial advancement with international initiatives to combat climate change. The study discusses issues with Industry 5.0 regarding labour reskilling, data privacy, and ethical implications. It highlights the significance of coordinated efforts from industries, society, and governments to overcome these obstacles and fully enjoy the advantages of Industry 5.0.our study shows that the change known as Industry 5.0 has enormous potential to advance humankind, foster creativity, and build a more equitable and affluent society. By accepting this change, we can use technology to advance sustainable development and enhance human well-being.

Keywords: Industry 5.0; Industry 4.0; Future Technologies; Artificial Intelligence; Blockchain; Internet of Things; Industrial Revolution; Healthcare; Education; Technology; Human Development.

Received on: 19/10/2022, Revised on: 26/12/2022, Accepted on: 05/02/2023, Published on: 07/03/2023

FMDB Transactions on Sustainable Social Sciences Letters , 2023 Vol. 1 No. 1, Pages: 43-55

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