Affiliation:
1. ICFAI University, India
2. Lovely Professional University, India
Abstract
This study intends to investigate the application of artificial intelligence (AI) technologies in Industry 5.0, concentrating on the joint component that promotes interaction and collaboration between humans and machines. The artificial intelligence may improve human capacities, increase productivity, and make it easier to establish new business models. In addition, the study examines the ethical concerns and societal repercussions related to the use of AI in Industry 5.0. The research outlines critical success factors, difficulties, and best practices for effectively collaboratively leveraging AI within the framework of Industry 5.0. The results of this research provide organizations and policymakers with insights and recommendations that can help them use the synergy of AI and Industry 5.0 to generate collaborative innovation and achieve sustainable growth. Human-centricity, socio-environmental sustainability, and resilience are some of the aims that Industry 5.0 has the potential to support.