Industry 4.0 to Industry 5.0 by Susu Nousala, Gary Metcalf; David Ing

This is an Open Access book. In 2015, Industry 4.0 was announced with the rise of industrialization by the European Parliament, supporting policy, research, and infrastructure funding. In 2020, Industry 5.0 was launched as an evolution of Industry 4.0, towards societal and ecological values in a sustainable, human-centric, and resilient transition. In 2023, the IN4ACT research project team completed 4 years of research on the impact on these initiatives. Presentations reviewing the progress of management practices and economics led to conversations about what's next. The unanticipated rise in late 2022 of Generative AI technologies (e.g. ChatGPT, DALL-E) sparked dialogues with an extended circle of researchers on impacts not considered in 2015 or in 2020. This collection of chapters reflects multiple perspectives on research findings to 2023, prospects for 2024, and considerations on ways the techno-economic industrial revolutions may be reshaped into desirable futures respecting social and ecological concerns.

David Ing is a cofounder of the Trito Innovation Colab, centered in Toronto, Canada. He is an alumnus of IBM after 28 years, with assignments in management consulting, market development, industry solutions and headquarter planning. Pursuit of research continues with doctoral studies at the Aalto University School of Science in Finland. He received a master’s degree from the Kellogg School of Management at Northwestern University, and a bachelor’s degree from Trinity College at the University of Toronto. He has served as president of the International Society for the Systems Sciences (2011-2012), and is an ambassador for the International Society of Service Innovation Professionals

Industry 4.0 to Industry 5.0

Explorations in the Transition from a Techno-Economic to a Socio-Technical Future