Industry 5.0: A Catalyst used for Economic Growth through Business Innovation

Syed Abdullah Shah Gillani, 01-112222-007; Raja Hikmat Yar Kayani, 01-112231-083; Ahtisham Malik, 01-112231-009

dc.contributor.author	Syed Abdullah Shah Gillani, 01-112222-007
dc.contributor.author	Raja Hikmat Yar Kayani, 01-112231-083
dc.contributor.author	Ahtisham Malik, 01-112231-009
dc.date.accessioned	2026-01-28T05:53:25Z
dc.date.available	2026-01-28T05:53:25Z
dc.date.issued	2025
dc.identifier.uri	http://hdl.handle.net/123456789/20569
dc.description	Supervised by Ms. Qudsia Adalat	en_US
dc.description.abstract	The research investigates Industry 5.0 and open innovation regarding their contributions to sustainable economic impacts in Pakistan's tourism sector, particularly in the context of digitalization. The discussion explores the integration of technologies like Big Data and the Internet of Things (IoT) within Industry 5.0. It also considers open innovation in service commercialization. The study's participants were employees from the tourism industry in Pakistan, and data was collected through surveys using the Partial Least Squares (PLS) algorithm for analysis. Findings indicate that Industry 5.0 significantly influences open innovation in organizations. The tourism sector initiates this strategy by focusing on service commercialization, which is crucial for fostering sustainable economic growth in Pakistan. Thus, the combination of Industry 5.0, digitalization, and open innovation has the potential to enhance economic growth in the tourism industry.	en_US
dc.language.iso	en	en_US
dc.publisher	Management Studies BU E8-IC	en_US
dc.relation.ispartofseries	BS (A&F);P-3014
dc.subject	Industry 5.0	en_US
dc.subject	Catalyst Used for Economic Growth	en_US
dc.subject	Business Innovation	en_US
dc.title	Industry 5.0: A Catalyst used for Economic Growth through Business Innovation	en_US
dc.type	Project Reports	en_US