Human Capital Analytics
by Deepa Gupta, Mukul Gupta, Pawan Budhwar, Jim Westerman, Rajesh Kumar Dhanaraj, Balamurugan Balusamy
3Fifth Industrial Revolution and an Overview of its Impact on Human Resources
Aduku Alex Akubo*, Okpanachi Linus Odiji and Muhammed Bature Muhammed
Department of Political Science, Kogi State University, Anyigba, Kogi State, Nigeria
Abstract
The integration of technology into the quest for our daily living and its implications for life itself has endured substantial growth and transformation. However, the emergence and innovation that culminated in the Fifth Industrial Revolution, necessitating and galvanizing profound visible positive outcomes in economies, society, and industries, have left no one in doubt. The study has provided an extensive assessment of the Fifth Industrial Revolution, and its implications for human resources is the anchor of this chapter. Industry 5.0 is concerned with the desire to adapt or fine-tune the current technologies to suit the changing world. Organizations must also adapt their HRM culture and outlook along with this evolution. The Internet of Things, automation, blockchain, robotics, and artificial intelligence are some of the driving forces galvanizing the revolution of these technologies. The chapter critically examines the evolving nature of these technologies and their impacts on traditional workforce structure. It equally appraises the implications of these technological developments on the workforce, not neglecting job roles, skill requirements, and workflows. It envisions the challenges and prospects of the Fifth Industrial Revolution ...
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