Assessment of Economic Impact Generated by Industry 5.0, from a Readiness Index Approach Perspective. A Cross-Country Empirical Analysis

Domil, Aura Emanuela; Burcă, Valentin; Bogdan, Oana

doi:10.1007/978-981-16-7365-8_9

Cited by 7 publications

(2 citation statements)

References 30 publications

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“…Thus, Industry 5.0 addresses socioenvironmental concerns in the current context of industry digitisation [15], through the coexistence of three environments: the technological environment (innovation for industry development); the social environment; and the ecological environment (responsibility) [16]. The main feature of Industry 5.0 is the fact that it does not focus on the creation of goods and services for profit, but on the collaboration of companies in the industry for sustainable value co-creation [17], on the interaction of people with robots (cobots) applying innovative technologies [18].…”

Section: Industry 50 and Digitalisationmentioning

confidence: 99%

Shaping the Inclusivity in the New Society by Enhancing the Digitainability of Sustainable Development Goals with Education

et al. 2023

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The literature introduced the concepts of sustainability and digitalisation as one, mixed-combined and named as digitainability. By linking digital divide, sustainability, and digitalisation, the authors aimed to: (i) identify variables that might influence the digital divide index; (ii) determine variables to model sustainable development goals; and (iii) create a model to explain digitainability through education. Analysing the sample of 13 EU developed countries, the authors created three econometric models and analysed the manner of how education might shape the inclusivity in a new and ever-growing Society. The results generated an inter-connected model that shows that new Society depends on the users’ medium or high skills because of their strong and positive influence on the digital divide index. The scientific contribution reveals solutions for an inclusive future, not far from the demanding requirements of the present. The theoretical implications shape the necessity to collaborate with policy makers to optimise the educational public system requirements in order to form prepared specialists for high-demanding markets in which they will work. The orientation of managerial implications of top leaders from companies must address an adapted mindset to collaborate with the academic environment to discover and understand the truth about the challenges of the new Era.

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Section: Industry 50 and Digitalisationmentioning

confidence: 99%

Shaping the Inclusivity in the New Society by Enhancing the Digitainability of Sustainable Development Goals with Education

et al. 2023

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“…In the last decade, a few studies have emphasized i5.0 within unlike domains and perspectives across the globe (Domil et al, 2022; Javaid et al, 2020; Leng et al, 2022; Xu, Lu, et al, 2021). Some studies revealed the nexus of i5.0 in terms of business performance other than the Chinese industrial sector.…”

Section: Introductionmentioning

confidence: 99%

Society 5.0 versus Industry 5.0: An examination of industrialization models in driving sustainable development from a normative stakeholder theory perspective

Zhang

2023

Sustainable Development

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The research on Society 5.0 (s5.0) and Industry 5.0 (i5.0) is a relatively new and emerging domain where researchers are still striving to explore the influence within distinct contexts, worldwide. The study investigates the impact of two major models of industrialization, that is, s5.0 and i5.0 to understand the insights into how it triggers the firms' sustainable development by showing empirical examinations from the Chinese industrial sector drawing on normative stakeholder theory perspective. The results asserted that the i5.0 model positively affects sustainable performance (SSP). The empirical analysis confirmed a positive association of s5.0 model toward SSP. In addition, it found that s5.0 and i5.0 models have a positive correlation with the economic perspective of SSP. Second, the findings asserted the positive linkage between i5.0 and s5.0 from a social perspective. Finally, the study found a significant correlation between i5.0 and s5.0 on the environmental factors, respectively. This study equipped both frameworks to empirically conduct the contextual examination showing insights into the embodiment of such capabilities that may support achieving SSP. This study shows insights into certain policy implications. For instance, i5.0 and s5.0 both models support shaping innovative ecosystems, encouraging ethical and sustainable practices, encouraging effective infrastructure, empowering citizen participation, and supporting work for the betterment of society. Finally, the study enlists certain managerial and theoretical recommendations for the industries together with possibilities of future research for scholars of the world.

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Digital Transformation and Artificial Intelligence of the Accountancy Profession

Slimene,

Mansour

2024

Lecture Notes in Networks and Systems

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Assessment of Economic Impact Generated by Industry 5.0, from a Readiness Index Approach Perspective. A Cross-Country Empirical Analysis

Cited by 7 publications

References 30 publications

Shaping the Inclusivity in the New Society by Enhancing the Digitainability of Sustainable Development Goals with Education

Shaping the Inclusivity in the New Society by Enhancing the Digitainability of Sustainable Development Goals with Education

Society 5.0 versus Industry 5.0: An examination of industrialization models in driving sustainable development from a normative stakeholder theory perspective

Digital Transformation and Artificial Intelligence of the Accountancy Profession

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