Industry 4.0 and industry 5.0: can clusters deal with the challenges? (A systemic approach)

Author:
Publisher website
Google Scholar
Abstract
Purpose: The purpose of this conceptual paper is to substantiate the idea that clusters will cope with the challenges of Industry 4.0, Industry 5.0 and remain one of the drivers for the development of the local economy.Design/methodology/approach: For the preparation of this paper, the author reviewed the literature on Cluster 4.0, Industry 4.0, Industry 5.0, green and blue recovery, as well as the future of jobs and systems. Data, reports and surveys (UN, OECD, World Economic Forum, McKinsey Global Institute, D2L, etc.) were analysed in detail, in order to create a clear picture related to the research topic. The opinions expressed in the article are depicted graphically, and were developed by the author.Findings: First, predictions on Industry 4.0 challenges are outlined, and the reasons as to why clusters are expected to succeed in the digital era are substantiated; second, the direction of development in the digital era is depicted in a two-dimensional plane; and third, the direction of development in digital era within the clusters is graphically presented as a system.Originality/value: For this purpose, the author has developed a new approach to connect clusters and digitalisation with the self-designed graphical images.

This publication has 50 references indexed in Scilit: