The Role of Industry 5.0 in Advancing AI-Driven Predictive Analytics in Business Operations

This paper analyzes the synergistic integration of AI-driven predictive analytics within Industry 5.0, emphasizing its transformative impact on business operations across various sectors.It highlights the role of artificial intelligence in enhancing human-machine collaboration to create more responsive, sustainable, and personalized manufacturing environments.Through detailed analysis, the paper notes how AI not only optimizes operational efficiencies but also enables the personalization of products and services, thus meeting diverse consumer needs with unprecedented precision.The study proposes a theoretical model comprising three main elements: the enterprise, AI-driven predictive analytics, and the enterprise in Industry 5.0.The paper offers comprehensive strategies for governments, enterprises, and individuals to improve problem-solving and foster innovation within the rapidly evolving industrial landscape.

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Publication Details

Journal
Economic and Business Trends Shaping the Future
Published
2024-12-10
DOI
https://doi.org/10.47063/ebtsf.2024.0019
Primary Topic
Digital Transformation in Industry
Type
article
Field-Weighted Citation Impact
0.00
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article

The Role of Industry 5.0 in Advancing AI-Driven Predictive Analytics in Business Operations

Dragan Ćoćkalo, Mihalj Bakator, Milan Nikolić
Economic and Business Trends Shaping the Future
Digital Transformation in Industry
article

The Role of Industry 5.0 in Advancing AI-Driven Predictive Analytics in Business Operations

Dragan Ćoćkalo, Mihalj Bakator, Milan Nikolić
article en

Abstract

This paper analyzes the synergistic integration of AI-driven predictive analytics within Industry 5.0, emphasizing its transformative impact on business operations across various sectors.It highlights the role of artificial intelligence in enhancing human-machine collaboration to create more responsive, sustainable, and personalized manufacturing environments.Through detailed analysis, the paper notes how AI not only optimizes operational efficiencies but also enables the personalization of products and services, thus meeting diverse consumer needs with unprecedented precision.The study proposes a theoretical model comprising three main elements: the enterprise, AI-driven predictive analytics, and the enterprise in Industry 5.0.The paper offers comprehensive strategies for governments, enterprises, and individuals to improve problem-solving and foster innovation within the rapidly evolving industrial landscape.

Economic and Business Trends Shaping the Future
Institut Mihajlo Pupin (RS), University of Novi Sad (RS)
Industry, innovation and infrastructure
Openalex Percentile: Top 67%
Digital Transformation in Industry
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The Role of Industry 5.0 in Advancing AI-Driven Predictive Analytics in Business Operations — Dragan Ćoćkalo, Mihalj Bakator, et al. · Economic and Business Trends Shaping the Future (2024) | TGRS Research Map | TGRS