Sustainable Development and the Digital Economy (eBook)

The advancement of technology, such as data analytics and artificial intelligence (AI), has led to the birth of Industry 4.0, in which technology seems to be the centre of development. However, as the Covid-19 pandemic created havoc, the entire world production chain has been seriously affected, highlighting that machines alone, although fully connected and automated, cannot function without people. This book addresses the pillars of moving towards Industry 5.0 for sustainable development, drawing on examples from Asia.As Asian nations are moving fast toward the digital economy, this edited collection offers new perspectives on understanding emerging business opportunities as well as the challenges faced. Chapters span the three pillars of Industry 5.0, human centricity, sustainability and resilience, and includes topics related to people management for creating wealth, technology advancements in supporting creativity, resilience and agility of organisations, as well as the important issue of sustainability in future industrial development.With rich, empirical studies from leading researchers, this book will be a reference for academics and scholars across business disciplines, including information, technology and innovation management, organisational and strategic management, as well as those interested in industrial development and sustainability.