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From Industry 4.0 to Industry 5.0 and the Quintuple Innovation Helix Framework – Theories, Policies and Practices

Dr. Elias G. Carayannis

Dr. Elias G. Carayannis is Full Professor of Science, Technology, Innovation and Entrepreneurship, as well as co-Founder and co-Director of the Global and Entrepreneurial Finance Research Institute (GEFRI) and Director of Research on Science, Technology, Innovation and Entrepreneurship, European Union Research Center, (EURC) at the School of Business of the George Washington University in Washington, DC.

Abstract

The concepts of Industry 4.0, Digital Transformation and the Internet of Things as well as Artificial Generalized Intelligence, Deep and Machine Learning and Design Thinking are discussed in the context of the nexus of the core pillars of the Knowledge Economy and Society, namely Government, University, Industry and Civil Society (aka Quadruple Innovation Helix Framework) embedded within the Environment (aka the Quintuple Innova-tion Helix Framework). The development and convergence of machine-centric and human-centric AI-enabled tools, modalities and methodologies sets the stage for a transition (evolutionary or revolutionary) towards a more balanced configuration of Human-Machine interfaces and contingencies. The nature and dynamics of this transition from Industry 4.0 to Industry 5.0 and beyond are presented and discussed along with implica-tions for theories, policies, practices and politics in the 21st century developed democracies.

About the series

The Convergent Innovation Webinar Series will feature cutting edge science, technology and innovation in agriculture, food and health domains as well as in the behavioural, commercial, social and complexity sciences. These, combined with traditions from around the world, will altogether articulate an interdisciplinary research and action strategy to transform agricultural products like pulses from undifferentiated commodities into higher-margin whole and value-added food products that support sustainable development and affordable healthcare. Progressively, programs in the CI-Food webinar series will be developed for other agricultural products with high CI potential, e.g., dairy, fruits, vegetables, and others.