This book facilitates the innovation and ecosystems to encourage partnerships between companies, academia, and governments, which foster a collaborative approach to integrating Industry 5.0 principles into Industry 4.0 frameworks. The volume also focuses on human-technology synergy to make machines more autonomous, intelligent, and responsive to the needs, preferences, and well-being of human workers.

The integration of Industry 5.0 into Industry 4.0 is based on three leading characteristics of Industry 5.0: human-centricity, sustainability, and resiliency. A human-centered industry prioritizes the needs and interests of workers in the production process. Instead of focusing on what workers can do with new technology, Industry 5.0 emphasizes how technology can serve and benefit workers. While robots excel in precision and tireless work, they lack the ability to think critically and creatively as their human counterparts have. A sustainable industry enables businesses to minimize their environmental footprint by adopting circular economy practices. Other sustainability initiatives include reducing energy use, cutting greenhouse gas emissions, minimizing waste, and preventing the depletion and degradation of natural resources. A resilient industry features industrial production that is highly robust and resistant to disruptions, capable of supporting critical infrastructure during crises. The COVID-19 pandemic exposed weaknesses in industrial systems and underscored the need for greater agility and resilience in supply chains and other manufacturing processes. Industry 5.0 acknowledges the potential of industry to fulfill societal objectives beyond just employment and economic growth. It envisions industry as a resilient source of prosperity that respects the environmental limits of our planet, while prioritizing the well-being of workers within the production process.

Dr. Bhajneet Kaur is an associate professor at the Rukmini Devi Institute of Advanced Studies (RDIAS), India, specializing in Business Analytics. Currently, she is working as an area chair (IT & Business Analytics). With over 12 years of experience in teaching and research, Dr. Kaur also holds a “Global Certificate in Data Science” from the International School of AI and Data Science. She is a sought-after resource person and industry trainer, having been invited to conduct sessions in Faculty Development Programs (FDPs), Management Development Programs (MDPs), and workshops covering topics such as data analytics, research methodology, machine learning, AI, and related tools. Dr. Kaur's research has been recognized with accolades, including the Best Paper Award at the Information Security Risks 2018 International Conference. She has presented her work at numerous prestigious conferences, including AICAI-2019 (Dubai), IIM, AOM-2023 (Boston, USA), IEEE, and Springer conferences.

Dr. Sudhir Rana is an associate professor of Marketing and Strategy at Liwa University, Abu Dhabi, and previously served as a program director at Gulf Medical University, UAE. A prominent academic leader, he is the editor-in-chief of the FIIB Business Review (Scopus Q1) and Co-Editor-in-Chief of the South Asian Journal of Marketing. His research focuses on consumer behavior and emerging markets. He has published in reputed journals such as Journal of Business Research, Journal of Consumer Behavior, Journal of Strategic Marketing, Journal of Business and Industrial Marketing, Technological Forecasting and Social Change, Journal of Strategic Marketing and many others.

Dr. Sudhi Sharma is presently working as a program chair and a core finance faculty at FIIB, New Delhi. Prior to joining FIIB, she has taught at various reputed B-Schools such as BIMTECH, Apeejay, JK Group to name a few. She has an experience of more than one and half decade in research, industry training and academics. Her recent MDP trainings were focused on Financial Modelling, ESG Reporting, Financial Econometrics, Data Analytics in R, Data Visualization on Power BI and Advance MS-Excel and strategic planning for various companies from both public and private sector. She has conducted training programs for companies and ministry officials such as Ministry of Tanzania, Walter Bushnell, Ministry of Textile, India. She has conducted EDPs and workshops for the delegates of RBS, Genpact, CII, and Ummeed Housing Finance. She has also handled training programs for Red Cross employees from Afghanistan.