INNOVATIVE DEVELOPMENT OF ENTERPRISES IN THE CONTEXT OF INDUSTRY 4.0 / INDUSTRY 5.0
Abstract
The article examines the innovative development of enterprises in the context of economic transformation influenced by the concepts of Industry 4.0 and Industry 5.0. The relevance of the research is determined by the increasing role of digital technologies, smart systems, and human-centered approaches in ensuring enterprise competitiveness, sustainability, and long-term development. In modern conditions, innovative development goes beyond purely technological modernization and becomes a complex process that integrates technological, organizational, social, and environmental components. The purpose of the study is to substantiate the theoretical foundations and identify strategic directions of enterprise innovative development under Industry 4.0 and Industry 5.0. The research is based on methods of analysis, synthesis, comparison, and generalization of scientific approaches to digital transformation and innovation management. The article reveals the essence and evolution of innovative development of enterprises and identifies the key features of Industry 4.0, including digitalization, automation, the use of cyber-physical systems, artificial intelligence, and big data. It is determined that Industry 4.0 forms the technological basis for innovation by transforming business models, innovation processes, and value creation mechanisms. At the same time, the conceptual principles of Industry 5.0 are analyzed, focusing on human-centricity, sustainability, and the integration of social and ethical values into enterprise activities. Industry 5.0 is considered as a continuation of Industry 4.0 that expands its orientation toward human capital development and responsible innovation. The study shows that effective innovative development of enterprises requires flexible innovation strategies, the use of digital platforms and innovation ecosystems, as well as the integration of sustainable and human-centered principles into innovation management. The results can be applied in the development of enterprise innovation strategies and policies aimed at supporting sustainable and responsible innovation.
References
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Sadchenko O. (2025). The continuity of management, marketing and lean production in the era of Industry 5.0. The Research Journal of Business in Emerging Economics. Vol. 1, No. 2. P. 24–40. DOI: https://doi.org/10.54414/OWVI3223
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Skliarenko O., Vilianskyi A. (2025). Modeling the impact of Industry 4.0 technologies on the innovative development of industrial enterprises. Economics and Management. Issue 2. P. 47–54. DOI: https://doi.org/10.32782/2312-7872.2.2025.6
Bashynska I., Prokopenko O. (2024). Mitigating Cyber Risks in AI-Driven Circular Economy Implementations. Scientific Journal of Bielsko-Biala School of Finance and Law, No. 28 (4), P. 65-71. DOI: https://doi.org/10.19192/wsfip.sj4.2024.10
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