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Normalizing Digitization Into a New 5.0 Equilibrium. Insights from Socio-Ecological Systems

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Research and Innovation Forum 2023 (RIIFORUM 2023)

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Abstract

This paper discusses digitalization as a megatrend that gave rise to a deeper discontinuity with previous social, economic, and environmental patterns. In line with this perspective, managerial literature largely framed the fifth industrial revolution as a new paradigm able to break down barriers, thanks to digital technology, between the real and virtual world. Firm, institutions, and decision-makers are key actors in triggering or resisting the ongoing transformation. In this direction, the paper aims to look beyond economic and technological aspects of the fifth industrial revolution and to consider it as part of a wider socio-ecological adjustment, by adopting a socio-ecological perspective. The study is rooted on theoretical concepts and it provides a conceptual study, through which the fifth industrial revolution appears as a 4.0-based adjustment. In this perspective, Industry 5.0 could present both implications and challenges for societies and firms. On one hand, it contributes to the improvement of sustainability and the increase of customization; on the other hand, it requires particular attention to data management and security.

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Author information

Authors and Affiliations

  1. Department of Management and Innovation Systems, University of Salerno, Fisciano, 84084, Italy

    Maria Vincenza Ciasullo & Miriana Ferrara

  2. Department of Management, University of Isfahan, Isfahan, Iran

    Maria Vincenza Ciasullo

  3. Faculty of Business, Design and Arts, Swinburne University of Technology, Kuching, Malaysia

    Maria Vincenza Ciasullo

  4. Department of Management, Sapienza University of Rome, Rome, 00161, Italy

    Antonio La Sala

Authors
  1. Maria Vincenza Ciasullo
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  2. Antonio La Sala
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  3. Miriana Ferrara
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Corresponding author

Correspondence to Miriana Ferrara .

Editor information

Editors and Affiliations

  1. SGH Warsaw School of Economics, Warsaw, Poland

    Anna Visvizi

  2. Università degli Studi di Salerno, Fisciano, Italy

    Orlando Troisi

  3. University of Messina, Messina, Italy

    Vincenzo Corvello

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Ciasullo, M.V., La Sala, A., Ferrara, M. (2024). Normalizing Digitization Into a New 5.0 Equilibrium. Insights from Socio-Ecological Systems. In: Visvizi, A., Troisi, O., Corvello, V. (eds) Research and Innovation Forum 2023. RIIFORUM 2023. Springer Proceedings in Complexity. Springer, Cham. https://doi.org/10.1007/978-3-031-44721-1_9

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