Technopreneurship and Industry 5.0

Author:

Bala Shashi1,Arora Rinki1

Affiliation:

1. V.V. Giri National Labour Institute, India

Abstract

A recent digital paradigm shift in all sectors has resulted in amalgamating with it. It is witnessed that the business environment is shifting towards self-employment. Worldwide efforts are made to promote entrepreneurship which is also driven by intensive technological advancements. Entrepreneurship, in general, can be defined as the creation of value apparently by deviating from pre-existing business patterns and practices. In recent times, technology and its application have played an impactful role in entrepreneurship and there exists a strong relationship between the two. “Industry 5.0” refers to those who interact with robots and intelligent machines. It includes integrating cutting-edge technology, such as the internet of things (IoT) and big data, to allow robots to help people work more swiftly and efficiently. It adds a more personal touch to the efficiency and automation cornerstones of Industry 4.0.

Publisher

IGI Global

Reference25 articles.

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3. Barot, H. (2015). Entrepreneurship - A Key to Success.

4. Adoption, diffusion and consumer behavior in technopreneurship

5. Understanding Definition of Entrepreneurship.;D.Diandra;Journal of Management Accounting and Economics.,2020

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