Features of the relationship between human capital development and digital technologies in the context of society 5.0 formation

Purpose. The purpose of the article is to determine the features of the relationship between the level of digital technologies and human capital development in the countries around the world under the conditions of the emergence of Society 5.0. Methodology / approach. The research is based on general scientific research methods, such as analysis, synthesis, induction, deduction, comparison, systematization and generalization. Bibliographic analysis, standardization, correlation analysis (calculation of Pearson, Spearman, Kendall correlation coefficients), cluster analysis and data visualization techniques were also used in the research process. Results. The literature review shows that a key postulate of the Society 5.0 concept is human-centeredness combined with a high level of digital technology development. In this context, the features of the relationship between the level of human capital development and the degree of a country digitization have been identified in the study. The results of the analysis show that there is a direct rather strong relationship between HCI and NRI, and HCI and NRI sub-indices for the sample of 131 countries for 2020. These findings are supported by the results of analyses based on the calculation of Pearson, Spearman, Kendall correlation coefficients. Further analysis showed that this dependence is not homogeneous for the whole sample. As a result of the cluster analysis, four clusters were identified and correlation coefficients were calculated for each cluster. Scatterplot and Box & Whisker plot diagrams for clusters were also plotted. It turned out that the relationship between the analyzed indicators varies by groups of countries. Originality / scientific novelty. The results of the analysis show that the level of human capital development is closely linked to the level of society digitalization. However, this relationship is not homogeneous. This confirms the need to implement the Society 5.0 approach to the human development problems. Practical value / implications. The article proposes an approach to assess the relationship between the degree of digitalisation of society and the quality of the human factor in the economy. The obtained results can be used to justify the directions and tools for the implementation of state policy to support human capital development, taking into account the factors and characteristics of Society 5.0.