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Role of Industry 5.0 in Enabling Technologies for Manufacturing Systems: A Sustainability and Intelligence Perspective

In: AI in Finance Shaping the Future of Intelligent Automation and Financial Services

Author

Listed:
  • Rajesh Singh
  • Anita Gehlot
  • Shaik Vaseem Akram
  • Mohammed Ismail Iqbal
  • Praveen Kumar Malik

Abstract

The manufacturing sector is equipped for a major transformation with the onset of the upcoming Industrial Revolution. The fifth-generation industry enhances client satisfaction while also creating new opportunities for business. In recent years, numerous countries have recognized the necessity of reforming and modernizing their manufacturing sectors, concentrating societal attention on intelligent manufacturing (IM), smart manufacturing (SM), digitization, and networking. Intelligence integration across industries has emerged as an enthralling topic for scholars and businesses globally. Smart manufacturing is a brand-new idea that uses digital innovation to make work smarter and more connected, delivering increased speed and flexibility. An intelligent production system is a hybrid intelligent system that incorporates individuals, virtual systems, and physical components to achieve particular industrial targets. Such systems for production simulation have proven to be a valuable tool for designing and analyzing an industrial process due to their quick analysis, minimal risk, affordable price, and significant information offered by understanding the influence of each component. Robots have grown increasingly significant, as they can link to the human mind via neural networks and advances in artificial intelligence. To compete in this competitive and ever-changing market, enterprises must improve their flexibility, mobility, competitiveness, and sustainability.

Suggested Citation

  • Rajesh Singh & Anita Gehlot & Shaik Vaseem Akram & Mohammed Ismail Iqbal & Praveen Kumar Malik, 2026. "Role of Industry 5.0 in Enabling Technologies for Manufacturing Systems: A Sustainability and Intelligence Perspective," World Scientific Book Chapters, in: Krishan Arora & Himanshu Sharma (ed.), AI in Finance Shaping the Future of Intelligent Automation and Financial Services, chapter 10, pages 233-241, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9781800618428_0010
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    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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