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The Fifth Industrial Revolution as a Transformative Step towards Society 5.0

Author

Listed:
  • Rushan Ziatdinov

    (Department of Industrial Engineering, Keimyung University, Daegu 42601, Republic of Korea)

  • Madhu Sudhan Atteraya

    (Department of Social Welfare, Keimyung University, Daegu 42601, Republic of Korea)

  • Rifkat Nabiyev

    (Department of Ground Transport Operations in the Oil, Gas, and Construction Industries, Ufa State Petroleum Technological University, 450064 Ufa, Russia)

Abstract

This concept paper aims to shed light on the emergence of the first to the fifth industrial revolutions, their evolution, and their transformative steps towards Society 5.0. By explaining the nuances of the different phases of industrial revolutions and their positive and negative externalities, we found that the fifth industrial revolution can be considered a transformative step for the emergence or coevolution of Society 5.0. By examining how Society 5.0 affects various aspects of human society (e.g., advances in healthcare and improved life expectancy; business, the economy, growth, and industry; education and skills; privacy and cybersecurity; smart cities; labour and the workforce), we conclude that Society 5.0 should move forward by adhering to the harmonious integration of humans and technology to address the world’s pressing problems in the future.

Suggested Citation

  • Rushan Ziatdinov & Madhu Sudhan Atteraya & Rifkat Nabiyev, 2024. "The Fifth Industrial Revolution as a Transformative Step towards Society 5.0," Societies, MDPI, vol. 14(2), pages 1-15, February.
    • Handle: RePEc:gam:jsoctx:v:14:y:2024:i:2:p:19-:d:1332287
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    References listed on IDEAS

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    1. David M. Byrne & John G. Fernald & Marshall B. Reinsdorf, 2016. "Does the United States Have a Productivity Slowdown or a Measurement Problem?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(1 (Spring), pages 109-182.
    2. ., 2018. "The fourth industrial revolution," Chapters, in: Industrial Policy for the Manufacturing Revolution, chapter 3, pages 49-78, Edward Elgar Publishing.
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