Affiliation:
1. KIIT School of Management, KIIT University, India
2. Sharada University, India
Abstract
The Fifth Industrial Revolution, or Industry 5.0, represents a change in which people use technology and robots with artificial intelligence to improve working conditions. By putting the good of society before efficiency, it promotes professional options, higher-value jobs, and individualized customer experiences. Employees are empowered by automation to concentrate on adding value for customers, and the importance of sustainability and resilience ensures organizational agility. People are valued as assets in this period, which also seeks to draw and keep top talent. Under the influence of worldwide issues such as COVID-19, businesses grow stronger. Data-driven choices are made possible by Industry 4.0, which integrates robots, 3D printing, IoT, AI, and cloud computing with physical assets. Innovation and decision-making in Industry 5.0 are driven by human-AI collaboration. . It encourages cooperative work environments where highly qualified professionals and COBOTS collaborate to increase productivity and creativity.