ROLE OF ARTIFICIAL INTELLIGENCE IN ENHANCING PRODUCTIVITY AND HUMAN-MACHINE INTEGRATION-INDUSTRY 5.0-AN EMPIRICAL ANALYSIS


Kundurthi Venkata Satya Sri Kumar, Dr. V. Tulasi Das
Dept. of MBA (HRM), School of Comm & Mgt. Studies, Acharya Nagarjuna University, Guntur-522510, A.P.
Abstract
Human Resources are considered the assets of any organization to reach the organizational goals, vision, and targets to improve the organization's overall performance. At the same time, organizations must start adopting innovative practices to sustain themselves in the competitive market. In the era of Industry 5.0, organizations are shifting from traditional practices towards implementing various innovative and advanced processes like artificial intelligence, automation, robotics, and machine intelligence. Industry 5.0 is the next level of the Industrial Revolution, highlighting the critical part of human and machine intelligence interaction. It is the advancement of Industry 4.0 that has heavily impacted various industries like manufacturing including the steel industry, the Power sector, Coal and clean, information technology, etc. through the application of automation processes, data transformation, Internet over things (IoT), Machine learning, and Artificial intelligence. In the process of the above-stated transformation, the researchers wish to focus on studying the “Role of Artificial Intelligence in enhancing productivity through an empirical analysis”.
Keywords: Human-Machine Interaction, Productivity, Artificial Intelligence, Data Analytics, Transformation of the Workforce.
Journal Name :
EPRA International Journal of Economics, Business and Management Studies (EBMS)

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Published on : 2024-07-05

Vol : 11
Issue : 7
Month : July
Year : 2024
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