Industry 5.0: Data Analytics & Product Management Perspective

Product management (PM), and product-centric approaches to data analytics can be valuable during Industry 5.0 (I5.0). This study explores the impact of $\mathrm{I 5. 0}$ on data analytics by taking a PM perspective. A scoping review was conducted to synthesize a conceptual model for data analytics. The findings indicate specific characteristics of 15.0 for data analytics. The developed concept forms a logical whole consisting of flexible business processes, scalable data management, and advanced analytics. Productization, master data, dynamic data models, and holistic end-to-end product lifecycle analytics are at the core of human-centric tailored capabilities and deeper ethical, sustainability, and collaborative insights.

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Published
2024-12-15
DOI
https://doi.org/10.1109/ieem62345.2024.10856990
Primary Topic
Digital Transformation in Industry
Type
article
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article

Industry 5.0: Data Analytics & Product Management Perspective

Janne Härkönen, Titta Kotilainen, Joni Koskinen
Digital Transformation in Industry
article

Industry 5.0: Data Analytics & Product Management Perspective

Janne Härkönen, Titta Kotilainen, Joni Koskinen
article en

Abstract

Product management (PM), and product-centric approaches to data analytics can be valuable during Industry 5.0 (I5.0). This study explores the impact of $\mathrm{I 5. 0}$ on data analytics by taking a PM perspective. A scoping review was conducted to synthesize a conceptual model for data analytics. The findings indicate specific characteristics of 15.0 for data analytics. The developed concept forms a logical whole consisting of flexible business processes, scalable data management, and advanced analytics. Productization, master data, dynamic data models, and holistic end-to-end product lifecycle analytics are at the core of human-centric tailored capabilities and deeper ethical, sustainability, and collaborative insights.

University of Oulu (FI)
Decent work and economic growth
Openalex Percentile: Top 61%
Digital Transformation in Industry
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