Industry 5.0

Industry 5.0 is not merely a continuation of its predecessor, Industry 4.0, but rather a transformative vision that intertwines human-centric innovation with environmental viability. Unlike Industry 4.0, which predominantly focused on automation and digitization, Industry 5.0 emphasizes a synergistic relationship between technology, ecology, and societal well-being. It envisions a future where progress is not measured solely by productivity but by the collaborative incorporation of human intelligence, artificial intelligence, and sustainable practices.

This new book, Industry 5.0: Innovation and Adoption for Sustainability, explores these concepts, offering an in-depth discussion of how Industry 5.0 changes industries and communities while addressing global concerns including resource depletion, social injustice, and climate change. It emphasizes how essential Industry 5.0 is to balancing humanity’s responsibility to the environment with its demand for innovative practices. Through detailed discourse, the book covers a broad range of topics, ranging from corporate social responsibility as a foundation for a better future to the profound impact of blockchain, artificial intelligence (AI), and Lean Six Sigma methodologies in driving efficiency.

The book’s emphasis on the sociological effects of Industry 5.0 is one of its most distinctive features. Today, we need to address the practices of how communities could be empowered by this worldview, change financial ecosystems, and provide comprehensive setup that support the Sustainable Development Goals (SDGs) of the UN. The chapters cover progressive initiatives like digital entrepreneurship, which makes accessible opportunities while addressing ecological challenges, and sustainable tourism, which reflects shifting traveller preferences toward eco-friendly experiences. The amalgamation of trends in the banking, agricultural, and hospitality sectors illustrates the versatility of Industry 5.0 in driving sustainable development across diverse domains.

Strengthened with case studies, research analyses, and proactive conceptual models, this volume offers a value repository of actionable insights for academics, business leaders, and policymakers. From redefining operational strategies to enhancing decision-making processes, the book indicates how technological enablers can be utilized to create a balanced and durable global economy.

The diverse topics in the book include sustainability and corporate social responsibility, the ecological effects of digital entrepreneurship, a Lean Six Sigma approach toward industry 5.0, finance with focus on sustainability, the integration of artificial intelligence in human resource management, enhanced digital banking services and environmental sustainability, artificial intelligence in the restaurant industry, workplace spirituality and organizational performance, and more.

Examining the social impacts of e-commerce in the contemporary business environment in aspects of sustainability, technology, finance, and socio-economic consequences, and emphasizing the coordination of modernization with environmental management, ethical governance, and human-centric design, this book invites readers to anticipate a future where progress does not come at the expense of global well-being.

Tilottama Singh, PhD, is a certified HR analyst from the Indian Institutes of Management and a proficient academic, researcher, and trainer with more than 15 years of experience in the field of emotions, spirituality, and anthropology. Presently working as Head of Department in the School of Management at the Uttaranchal Institute of Management, Uttaranchal University, Dehradun, India, she received the Teacher of the Year Award 2023 from the government for her exemplary contribution in the field of building innovative learning pedagogy and education welfare initiatives in the state. Her areas of expertise are human behavior, emotions, and psychological testing. Having a rich research portfolio with Scopus and international refereed journals, book chapters, and conference presentations, she has been awarded with best presentation awards in international conferences, such as Industrial Engineering and Operations Management (IEOM), Midas Research and Development Centre India, and many more. She also serves as a member of All India Management Association (AIMA) and acts to lead and liaise between the student community and the industry delegates. Dr. Singh has a keen interest in training and building sustainable models for business and society. A prolific EDP trainer, she has organized many international conferences and workshops. Having more than seven books of international repute and acting as the series editor for top publishers like Emerald and Taylor & Francis, her work involves a deep dive into the United Nations’ Sustainable Development Goals and policy suggestion for circular economies.

Pradeep Suri, PhD, is Dean of UIM (Management Department) of Uttaranchal University, Dehradun, India. A well-known person in the management faculty fraternity, he has a total work experience of 29 years, including four years in the industry. He has worked at various institutions of national and international repute and has written many research papers, including 18 papers in Scopus-indexed journals and several books. He is actively engaged in consulting assignments, and to date, he has consulted for five different organizations under the flagship of Uttaranchal University. He has completed projects of national repute with others close to completion. He has successfully completed many faculty development programs, management development programs, and supervisor development programs. He is very active in the field of portfolio management and also managing portfolios for his clients in his personal capacity. He has written five study materials on the subjects of finance and accounting for other universities in Dehradun. He has two books to his credit on the core area of finance. Currently, he is guiding seven students for their PhDs, while five students under his guidance have successfully been awarded PhD degrees. He has organized and attended many conferences, seminars, workshops, and symposiums at both national and international levels.

Zulkarin Jahangir, PhD, is a specialized research professional with experience of over 20 years with universities, international NGOs, and social enterprises. Presently, he is associated with United Nations Development Programme (UNDP) projects. He is a faculty member in the School of Management in North South University in Bangladesh. He has extensive experience in collaborating research with global organizations such as the United Nations High Commissioner for Refugees (UNHCR), United States Agency for International Development (USAID), and World Food Programme to develop policy and advocacy plans. He also has significant experience as an academic and expert in the emerging subdiscipline of technology in international development. Having sound research and conference organising experience, he is an expert on practical strategies to address the UN’s Sustainable Development Goals at the global level.