Work

The Fifth Industrial Revolution as a Transformative Step towards Society 5.0

Year: 2024

Type: article

Abstract: This concept paper aims to shed light on the emergence of the first to the fifth industrial revolutions, their evolution, and their transformative steps towards Society 5.0. By explaining the nuances of the different phases of industrial revolutions and their positive and negative externalities, we found that the fifth industrial revolution can be considered a transformative step for the emergence or coevolution of Society 5.0. By examining how Society 5.0 affects various aspects of human society (e.g., advances in healthcare and improved life expectancy; business, the economy, growth, and industry; education and skills; privacy and cybersecurity; smart cities; labour and the workforce), we conclude that Society 5.0 should move forward by adhering to the harmonious integration of humans and technology to address the world’s pressing problems in the future.

Source: Societies

DOI: 10.3390/soc14020019

Authors: Rushan Ziatdinov, Madhu Sudhan Atteraya, Rifkat Nabiyev

Institutions: Keimyung University, Ufa State Petroleum Technological University

Language: English

Topic: Economic Development and Digital Transformation

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,591