HR Analytics A Facilitator for Transitioning into Industry Revolution 5.0 – Vaishali Chandwani , Prashant Trivedi
Abstract
The Fourth Industrial Revolution has brought in considerable technological advancements and transformed business operations. As we are transitioning to Industry 5.0, the amalgamation of new technologies such as AI, big data, IoT, and automation has brought revolutionary change in the outlook of industries and jobs. This research explores the crucial role of HR analytics in this transition. The objectives of HR analytics in the context of Industry 5.0 are identifying skill gaps, attracting talent through recruitment, increasing employee engagement, and creating a data-driven culture. By analyzing employee performance data, the company can make better choices for developing skilled and adaptable teams. Furthermore, HR analytics aligns HR strategies with Industry 5.0 objectives, predicts future workforce requirements, and facilitates strategic training initiatives to ensure competitiveness. Through real-world examples and insights, this study illustrates how HR analytics can transform the way organizations approach workforce management, ensuring technological innovation and human-machine collaboration. This study highlights how HR analytics can be a gamechanger, guiding companies through the problems of Industry 5.0 ensuring a smooth adaptation to this new era of technological integration and serving as a transformative tool for a seamless transition to Industry 5.0
Keywords: AI, Automation, Big Data, HR Analytics, Industry 5.0.