This book aims at bringing together global researchers to generate thought on how this transition from Industry 4.0 to Industry 5.0 could make a difference to the globe for larger good. The collaboration and interaction between man and machine has given rise to Industry 5.0. With the prime objective of Industry 5.0 to create a benefit for the human beings while tapping on to the advantage of Industry 4.0, in no case, does it replace what has already been achieved. In fact, it brings to light what can be done in order to make life better. While Industry 4.0 offered extraordinary technological advancement, Industry 5.0 reasons out that technology alone is not sufficient to answer everything or provide a solution, but it is an amalgamation of both machine and human interaction to create that difference. In fact, with the impact of widespread digitalization that has led to dehumanization of the industrial makeup, the interest of global researchers has increased toward mapping how the humancreativity and brainpower can be reconciled with the intelligent systems that can enhance process efficiency. Industry 5.0 has touched upon some of those key domains which are of much concern and debate globally including resilience (both business and cyber), environment and sustainability, diversity and inclusion, values and ethics, vision and purpose, circular economy, understanding the humanmachine collaboration and the 'human-touch' in the production process. This transition that has taken place in moving from Industry 4.0 to Industry 5.0 has essentially created a need to pay cognizance to the role of 'human' in the process which creates an enhanced focus toward the right kind of skills and competencies, identification of training and developmental needs, talent acquisition and management, safety and wellbeing, future of work as well as hybrid working models. Undeniably, the pace with which Industry 4.0 has been accelerating has bypassed the first three industrial revolutions, which is definitely a consequence of the fast introduction of new and cutting-edge technologies. While organizations are already in analyzing the context, mapping this transition and the flow of activities from Industry 4.0 to 5.0 is gaining attention as Industry 4.0 lacked personalization and customization. This co-existence of man and machine creates a pathway for newer prospects and opportunities to emerge and expand possibilities of personalization with the empowerment of 'human' in the production process. This lays the foundation for this book. This book adopts a forward-looking approach by bringing in research and contributions that facilitate in mapping the consereasons, consequences and solutions for 'man+machine' across industries. This book serves as a guide not just to academia but also to the industry to adopt suitable strategies that offer insights into global best practices as well as the innovations in the domain.

Explores the causes and consequences of transition from Industry 4.0 to Industry 5.0 Highlights the human-centric approach of Industry 5.0 Discusses Big Data, Artificial Intelligence, and HumanRobot coworking in Industry 5.0

Autorentext
Prof. Allam HamdanAllam Hamdan is Full Professor, he is listed within the world's top 2% scientists list by Stanford University, and he is Dean of College of Business and Finance at Ahlia University, Bahrain. He is Author of many publications (more than 250 papers, 174 listed in Scopus) in regional and international journals that discussed several accountings, financial, and economic issues concerning the Arab world. In addition, he has interests in educational related issues in the Arab world universities like educational governance, investment in education, and economic growth. He was awarded the First Prize of Al-Owais Creative Award, UAE, 2019 and 2017; the Second Prize of Rashid bin Humaid Award for Culture and Science, UAE, 2016; the Third Prize of Arab Prize for the Social Sciences and Humanities, 2015; and the First Prize of "Durrat Watan", UAE, 2013. He achieved the highest (1st) scientific research citation among the Arab countries according to Arcif 2018-2022. He was appointed as External Panel Member as part of Bahrain Quality Assurance Authority and National Qualifications Framework NQF as Validator and Appeal Committee, General Directorate of NQF, Kingdom of Bahrain. He is Member of Steering Committee in International Arab Conference of Quality Assurance of Higher Education. He is currently leading a mission-driven process for International Accreditation for College of Business and Finance by Association to Advance Collegiate Schools of Business (AACSB).
Dr. Arezou HarrafAs Experienced Educator, Dr. Arezou Harraf holds a Ph.D. in Technology Management and Human Resource Training and Development. She serves as Head of the Department of Business Studies at Box Hill College Kuwait. She is Visiting Assistant Professor at the University of Nevada Las Vegas during the summer term. She also serves as Academic Advisor for several M.B.A. students at Maastricht University.Dr. Harraf is Founder and CEO of Learn & Evolve LLC. In this capacity, she helps organizations use strategy, science, and psychology to address workforce challenges such as low performance, productivity, turnover, and retention issues. Moreover, Dr. Harraf is Co-founder of Amplify Women Leadership BootCamp to train women with skills to help them advance to executive positions within their organizations and/or become successful venture creators and entrepreneurs. With a focus on the future of technology and HR, she consults with organizations on improving existing in-house technology platforms to enhance features relating to HR and employee needs.Dr. Harraf is Vice Chairperson of the Board of Directors at ABCK-AmCham Kuwait, where she also leads the Women in Business and Knowledge Economic focus groups and holds additional memberships in the Academy of Human Resource Development, Academy of Human Resource Management, Chartered Institute of Personnel Development, Academy of Management, Women of Tech in MENA, and Graduate Women in Science.
Dr. Ameena BuallayDr. Amina Buallay holds a position of Acting Director of Accreditation and Licensing at the higher education council, Bahrain. Dr. Buallay awarded her Ph.D. in management studies (sustainability reporting) from Brunel University, London.Buallay classifies as worldwide top 2% best researcher by Stanford University for the years 2022 and 2021. She was awarded with more than ten international and regional research prizes such asRashid Bin Hamid Prize for Culture and Science (First place-Economic Studies, UAE).ICAI International Research Awards (Best Research Paper-Accounting), The Institute of Chartered Accountants of India, India.Sharjah Award for the Best Doctoral Dissertations in the Administrative Sciences in the Arab Region (First place-Financial Studies, UAE).Kondo Research Prize, Innovation Arabia, Hamdan Bin Mohammed Smart University, UAE.University of Sharjah Award for Islamic Economy Research (First Place), The Sharjah Islamic Center for Economy and Finance Studies, UAE.OAPEC Award for Scientific Research-Petroleum and Energy Related Economic Research, Organization of Arab Petroleum Exporting Countries (OAPEC), Kuwait.Dr. Amina has a diverse membership in different organizations:International Expert, National Science Centre, Poland.Executive Member, the Gulf Network for Quality Assurance of Higher Education, Secretariat General of the Gulf Cooperation Council, The Cooperation Council for the Arab States of the Gulf.Advisor, Education and Training Committee, Bahrain Chamber of Commerce, and Industry.Member, Bahrain Economists Society.Member in the Permanent Advisory Committee for Education, The Arab League Educational, Cultural and Scientific Organization (ALECSO), Tunis.Editorial Advisory Board Member, Journal of Business and Socio-Economic Development, Emerald Publishing, Unit…