Research report

Jeisson Cardenas-Rubio / Andrius Grybauskas / Michael Barber/ Xheneta Bilalli-Shkodra / Doris Schartinger / Nathalie Greenan / Silvia Napolitano / Justin Pillosio / Jamelia Harris / Steven Dhondt / Karolus Kraan

This report presents a comprehensive analysis of Industry 5.0 companies’ practices in Austria, France, the UK and the Netherlands using non-traditional data sources and innovative techniques. The study aims to bridge the gap between theoretical concepts and practical applications by exploring how companies’ practices are aligned with Industry 5.0.

We collected and analysed diverse data sources, including professional platforms, online job portals (for company profiles and job postings), YouTube videos, academic journal articles (Scopus), and others. To overcome the challenges associated with measuring Industry 5.0 in available data sources, we developed a pioneering AI-based methodology to analyse Industry 5.0 concepts, which identifies potential companies’ practices across different databases and countries. Our approach focuses on humancentricity, recognising the need for developing an Industry 5.0 dictionary that can pinpoint patterns closely associated with this concept. This approach enabled us to construct an Industry 5.0 dictionary that identifies companies more likely to align with Industry 5.0 practices.

Our analysis revealed several key findings. Firstly, it underscored the diverse array of Industry 5.0 companies’ practices, which could be systematically mapped using AIbased methodologies and expert validation. This approach demonstrates the feasibility of establishing a standardised Industry 5.0 companies’ practices dictionary. The analysis of job vacancies indicates a consistent focus on promoting supportive work environments and prioritising training and career development. On the other hand, the examination of company profiles reveals a prevalent emphasis on topics such as “Empowerment and sustainability,” “Supportive and open work environment,” “Training and career impact,” and “Balanced living initiatives”.

This report lays the groundwork for further research and policy development in the field of Industry 5.0. The innovative methodology and comprehensive Industry 5.0 dictionary developed here serve as valuable tools for future studies aiming to investigate deeper into the implications of Industry 5.0 on various aspects of the economy and society. The next project phase entails exploring the possibility of complementing the Industry 5.0 dictionary by adding 4.0 technologies. These phases also include finalising the collection/access and analysis of additional data sources, such as the OVATE dataset, stock exchange company data, and collective agreements. Upon the conclusion of this data collection phase, we will move forward with integrating these databases by establishing linkages between them. This integration will allow us to create a composite index that assesses the extent to which companies align with Industry 5.0 practices.