Industry 5.0 and National Development Plans

Abstract

The Industrial Revolutions, occurring since the 18th century, have constituted some of the most significant milestones in history, fundamentally altering numerous vital domains such as production, economy, transportation, and healthcare through remarkable inventions. The expeditious evolution of the industry has concurrently instigated revisions in the midterm development strategies of nations. This research endeavors to assess the degree to which the attributes delineated in the academic literature about Industry 5.0 have been assimilated by countries that have established national development plans. Specifically, a bibliometric study was conducted by analyzing 545 articles in the Web of Science Core Collection database using the keyword "Industry 5.0". Eight primary concepts, big data, internet of things, artificial intelligence, blockchain, collaborative robotics, digital twins, edge computing, and 6G, were delineated as overarching categories within which a total of 37 keywords were systematically classified. The presence of these keywords in the national development plans of countries was examined and their alignment with the understanding of Industry 5.0 was evaluated. Document analysis, a qualitative research design, was employed in this research. The MaxQda 2020 software package was used to conduct qualitative analyses and development plans were matched with the identified codes. The concepts related to Industry 5.0 were categorized into eight main codes and sixteen sub-codes within the program. For the purpose of clarity and coherence, a comprehensive array of analytical techniques, encompassing frequency analysis, code cloud visualization, comparative analysis, and relationship analyses, were meticulously employed to explain and graphically illustrate the prominent thematic codes and their interconnectedness. The findings of this research identify countries that prominently integrate the attributes of Industry 5.0 into their development plans, thus offering potential contributions to the refinement of nations developmental strategies.