Human Capital Analytics

15Transforming Workplaces with Human-Robot Collaboration

B. Swathi

Department of Commerce, St. Mary's College, Yousufguda, Hyderabad, Telangana, India

Abstract

Industry 5.0 is an idea that goes beyond what is traditionally considered “industry” and applies to all types of businesses and organizations. The implications of Industry 5.0 for business strategy are relevant across industries, unlike Industry 4.0, which was mainly focused on manufacturing and industrial processes. Industry 5.0 has a much broader scope. Cooperative and interactive human-robot relationships are a key component of Industry 5.0. Robocops, or multipurpose robots, are getting easier to get hold of and less expensive thanks to advances in robotics and artificial intelligence (AI). According to this creative strategy, humans and robots will work together closely in the future, utilizing each other’s special advantages. In order to foster a symbiotic relationship that maximizes the potential of artificial intelligence and the creativity of human thought, this collaboration involves robots that are not just machines but rather are integrated with the human brain. Humans and robots are interacting more frequently as a result of this trend, both at home and at work. Robotics and AI applications are increasingly integrated into the work environment. Companies are starting to keep personnel records. Companies need to reevaluate how they engage with their employees in light of this human-centered approach. Making ...