Business Challenges and Opportunities in the Era of Industry 5.0

Industry 5.0, also known as the fifth industrial revolution, is characterised by advanced technologies such as artificial intelligence, the Internet of Things (IoT), and robotics in manufacturing and other industries. The use of innovative technologies in Industry 5.0 can bring several benefits to companies and the industrial sector, including increased efficiency and productivity, improved product quality, and the ability to create new products and services. In addition, these technologies help businesses to reduce their environmental impact and operate more sustainably.

Business Challenges and Opportunities in the Era of Industry 5.0 discusses the development and current technologies within Industry 5.0 and how these apply to various disciplines and sectors such as education, health, finance, production, automotive and construction. This book delves into various Industry 5.0 technologies and how these can improve production and give businesses a competitive edge to remain relevant in a rapidly changing business landscape.The ESFIRM series collects quantitative and qualitative studies in areas relating to finance insurance and risk management. Subjects of interest may include banking, accounting, auditing, compliance, sustainability, behaviour management, and business economics.

In the disruption of political upheaval new technologies, climate change and new regulations, it is more important than ever to understand risk in the financial industry. Providing high quality academic research, this book series provides a platform for authors to explore analyse and discuss current and new financial models and theories and engage with innovative research on an international scale.

Simon Grima is a Professor at the University of Latvia, Faculty of Business, Management and Economics and a visiting Professor at UNICATT Milan. Simon is also the Deputy Dean of the Faculty of Economics, Management and Accountancy.

Salih Serkan Kaleli is an Assistant Professor at Ardahan University Vocational School of Social Sciences, Turkey.

Engin Boztepe is an Assistant Professor of accounting and auditing in department of Healthcare Management Department, School of Health Sciences, Ardahan University, Turkey.

Mehmet Baygin is an Associate Professor of the Computer Engineering Department, Engineering Faculty at Ardahan University, Turkey.