Industry 5.0 concepts and components: a scoping literature review

Abstract

The term "Industry 5.0" was coined to represent a new phase of industrialisation. It builds on the technological advances of Industry 4.0, with a stronger focus on human centricity, sustainability, resilience, personalisation and customisation, and bioeconomy. Through human-machine collaboration, it is shifting the focus from economic value to societal value and well-being. A scoping literature review was conducted to explore existing studies on the Industry 5.0 frameworks. The findings reveal key concepts of Industry 5.0 and the key components that drive these components such as Cobots, AI, Digital Twins, Internet of Things, Big Data, Mixed realities, and Blockchain. The study's implications highlight the need for organisations to integrate these frameworks to enhance productivity and sustainability. This review offers valuable insights for practitioners and policymakers aiming to navigate the transition towards Industry 5.0.