Workforce Transformation and Value Creation in the Era of Industry 4.0, 5.0 and 6.0: Challenges and Enablers

Ph.D. in Financial Markets

  uma.shankar@uniq.edu.iq

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Abstract

 

Industry 4.0, Industry 5.0, and Industry 6.0 have been empowered by the acceptance of several advanced technologies, including the Internet of Things (IoT), artificial intelligence, robotics, and human-centric innovation in releasing industries. Comprehensive studies that can include barriers as well as enablers are difficult to conduct. This study employs a mixed-methods research approach, integrating of AHP (Analytic Hierarchy Process) and TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) to evaluate key challenges and enablers in workforce transformation. The Findings indicate that leadership vision, digital investment, and employee upskilling play a crucial role in transformation navigation. Additionally, automation and AI adoption present both opportunities and challenges for workforce adaptability. The study provides strategic insights for organizations to enhance their workforce resilience, competitiveness in the evolving industrial landscape. The study offers actionable advice for businesses, policymakers, and educators, and successfully adaptation the paradigm and sustainable development in the modern era.

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