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Roadmap to Industry 5.0: Enabling technologies, challenges, and opportunities towards a holistic definition in management studies

Author

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  • Piccarozzi, Michela
  • Silvestri, Luca
  • Silvestri, Cecilia
  • Ruggieri, Alessandro

Abstract

Industry 4.0 (I4.0) has brought about profound changes in the management field but not only. Companies have embraced I4.0 innovations and enabling technologies in production and marketing, business models and human resources management. About 10 years after the introduction of I4.0, a recent intervention by the European Commission has drawn attention to a new paradigm, Industry 5.0 (I5.0), a new Industrial Revolution oriented to social and sustainability objectives. In this context of technological but even more social change and the coexistence of two Industrial Revolutions, using a systematic literature review, the paper aims to provide a holistic and comprehensive definition of I5.0 while analysing the enabling technologies and the challenges and opportunities related to the I4.0 transition to I50. The results show a growing interest in I5.0, in particular the transition from I4.0, and a strong link between the two industrial revolutions, emphasised, for instance, by the enabling technologies. The conclusions offer insights into future research trends and possible managerial implications.

Suggested Citation

  • Piccarozzi, Michela & Silvestri, Luca & Silvestri, Cecilia & Ruggieri, Alessandro, 2024. "Roadmap to Industry 5.0: Enabling technologies, challenges, and opportunities towards a holistic definition in management studies," Technological Forecasting and Social Change, Elsevier, vol. 205(C).
    • Handle: RePEc:eee:tefoso:v:205:y:2024:i:c:s0040162524002634
    DOI: 10.1016/j.techfore.2024.123467
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