Proceedings of the 8th International Conference on Research in Management and Economics
Year: 2023
DOI:
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The Mediating Function of the IIOT 5.0 Industry in Fostering Digital Entrepreneurship and Digital Radical Innovation for Sustainable Economic Development in the healthcare sector
Quratul Ain
ABSTRACT:
The purpose of this report is to analyze the underpinning research philosophies and principles of the chosen subject of the research. The study’s purpose is to ascertain the fact that in the healthcare industry, the term “industry 5.0” might help define the relationships between digital innovation, digital entrepreneurship, and fifth-generation traits. A comparison between Industry 5.0’s features and earlier industrial evolutions is also made. Also covered are how industry 5.0 applications, like those in healthcare, can be developed and made viable by digital technology. This report elaborates on the key technologies of Industry 5.0, such as big data analytics, the Internet of Things, collaborative robotics, blockchain, and digital triumphs. The upcoming technology of the previous generation, known as “Industry 5.0,” is made for effective and intelligent machines. The research attempts to shed light on how utilizing digital devices makes it harder to understand issues in the healthcare sector. Finally, the study aims to provide insights into how the usage of digital devices in the healthcare sector might contribute to economic sustainability. The fact that people are now at the center of industrial processes, however, sets Industry 5.0 apart from all other alternatives. Intelligent robots will dramatically alter both the production workflow and the supply chains for manufacturing and will lead towards the sustainability of the economy and improvement of wellbeing.
keywords: Digital Entrepreneurship, Digital radical innovation, IIOT 5.0, Sustainability, Digital Devices, health care industry