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Identification of Social and Economic Expectations: Contextual Reasons for the Transformation Process of Industry 4.0 into the Industry 5.0 Concept

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The dynamic development of the fourth industrial revolution, focused on the implementation of Industry 4.0 technologies, sparked fears of governments and society regarding the dehumanization of the industry in the… Click to show full abstract

The dynamic development of the fourth industrial revolution, focused on the implementation of Industry 4.0 technologies, sparked fears of governments and society regarding the dehumanization of the industry in the future. Currently, there is a need to consider sustainable development and the crucial role of man in the assumptions of industry’s future development. Concerns about the implementation of the fourth industrial revolution’s technology became the basis for building the assumptions of Industry 5.0. The article aims to identify the social and economic expectations of the development of the fourth industrial revolution in the context of the development of the sustainability, humanization, and resilience of Industry 4.0. The article presents the results of research obtained based on a critical analysis of the literature and surveys conducted among representatives of Polish society. As a result of the research, key social expectations as to the directions of development of the Industry 4.0 concept were identified. Recommendations for industry development focused on three areas of development—human-centric, sustainable, and resilient—were established. The presented research results will allow the development of an investment strategy and a government policy to support the development of industry based on the human-centric digitization of the economy.

Keywords: development; economic expectations; fourth industrial; industry; industry concept; social economic

Journal Title: Sustainability
Year Published: 2022

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