Malaysian Technology Strategic Outlook

Industry 5.0 (I5.0) integrates Industry 4.0 (I4.0) and is more human-centric to address challenges faced by the global population, for example, pandemics, resource depletion, natural disasters, growing economic disparity, and ageing societies. Hence, this brings about Society 5.0, where humans are at the centre of innovation. INDUSTRY 5.0 AND THE QUINTUPLE HELIX DESIGN APPROACH TO TECHNOLOGY

Here are the pillars of Industry 5.0 :

a. A human-centric industry that puts human needs and interests at the core of the production process. The question to ask would be, ‘What can the Industry 5.0 technology do for workers?’ Humans provide critical and creative thought processes, while robots conduct mundane, tireless, and precise processes. b. A resilient industry that moves with a high degree of robustness and increased agility in handling vulnerabilities. c. A sustainable industry that helps businesses reduce environmental impact by developing circular economy processes. This can be achieved, for example, by reducing energy consumption, greenhouse emissions, and waste. It is also about conserving natural resources and safeguarding them from depletion. MTSO 1.0 and MTSO 2.0 mentioned I4.0 as being defined by digitalisation, where machines and processes are connected and can make confident decisions without human intervention. The reports also made a note for more cautious steps towards I5.0, as I4.0 was seen as the ‘rise of machines that will likely replace the traditional routine jobs currently being performed by humans.’ Henceforth, I5.0 applies the Quintuple Helix model, which is a broader perspective incorporating natural environments and society.

The Subsystems of the Quintuple Helix Model

Natural environment, natural environments of society

Academia universities higher education system

Industry, firms, economic system

State, government, political system

Media-based and culture- based public

Carayannis, Barth, & Campbell, 2012

The Quintuple Helix model was co-developed and introduced in 2010 by Carayannis and Campbell. It is timely to apply the concept to the realm of technological advancements to ensure that the environment and society are not left behind as nations continue to grow and expand.

Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry 28

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