Transition to a Greener Era with Industry 5.0 and Sustainability

  • Shubhi Yadav, Research Scholar Institute of Management Studies, M. G. Kashi Vidyapith, Varanasi
  • Prince Jaiswal, Assistant Professor School of Commerce & Management, ARKA Jain University, Jamshedpur
Keywords: Industry 5.0, sustainability, greener future, human machine collaboration, technologies, artificial intelligence

Abstract

Industry 5.0, also known as the Fifth Industrial Revolution, is a brand-new stage of industrialization that is
now in developing phase. In this stage, enhanced workplace operations are performed with the use of
artificial intelligence and new industrial technology. This is paired with a greater emphasis on sustainability
and pliancy; it also includes the strategy that places greater attention on people. In initial phase of the
Industrial Revolution 5.0, manpower was gradually replaced by automated processes that were powered by
steam and hydropower. In the second stage, mass manufacturing was made possible by the introduction of
electricity. In the third stage, programmable computers and a strong digital ecosystem arose. The potential
of big data, cloud computing, robotics, the Internet of Things (IoT), and artificial intelligence was harnessed
in smart factories as a component of the previous industrial revolution (Industry 4.0). Important questions
those were left unanswered during these consecutive advancements are addressed by Industry 5.0, Are we
undervaluing human resources at this point in the automation process? We did not decide to completely
automate the industry since we found that individuals still play an important part in the revolution. Is it
possible to reconcile productivity and the environment with technology? Resilience, sustainability, and
human-centeredness serve as the cornerstones around which Industry 5.0 is constructed. It is able to
accomplish its objectives thanks to these pillars. The plan of action for industry 5.0 driven environmental
responsibility that this research has accomplished ought to deliver an expanded comprehension of how the
newest version of industry 5.0 can help to environmentally friendly growth. It describes how each
components development should be carried out in an instrument that maximizes their combined influence
and involvement with future sustainability values. The data that has been collected through questionnaires
and a range of secondary sources indicates that industry 5.0 with human-machine collaboration has a bright
future and findings shows that productivity rises and can lead to a greener future through the use of
technologies.

Published
2024-09-11