8th Business Systems Laboratory
International Symposium




Industry 4.0 and 5.0 - Challenges for the New Normal


Ineza Gagnidze
Professor of Economics and Business, Ivane Javakhishvili Tbilisi State University (TSU), Georgia


The Fourth Industrial Revolution (Industry 4.0) conceptualizes rapid change to technology, industries, and societal patterns and processes in the 21st century due to increasing interconnectivity and smart automation.

The concept of Industry 5.0 could also be described as re-introducing the lost dimension of a human/value-centered Industry 4.0. The co-existence of two Industrial Revolutions invites questions and hence demands discussions and clarifications. As it mentions in the documents for the European Commission, Industry 5.0 focuses on three main directions: human-centric (promotes talents, diversity, and empowerment), sustainable (leads action on sustainability and respects planetary boundaries) and resilient (is agile and resilient with flexible and adaptable technologies). And why Industry 5.0? It is: reduced cost due to resource efficiency; improved safety and well-being; empowered workers remaining in control; competitive edge in new markets; adapted training for evolving skills; and competitive industry through attracting the best talent. As a result - Industry 5.0 is a solution-provider for people, and for our planet. According to even online dictionaries, new normal is a current situation, social custom, etc., that is different from what has been experienced or done before but is expected to become usual or typical. It means that big challenges are expected to arise.