The Role of Knowledge Management in Transition to Industry 5.0

Fifth industrial revolution, or Industry 5.0 is gaining a momentum in last several years, additionally enhanced with many disruptive events in global economy. Its main keywords are sustainable, human-centric and resilient, and it should bring these benefits to industry and society. Knowledge management enables the cycle of knowledge through organization and is a human oriented dicipline that continually embraces new technologies, helping organizations to achieve their goals. This paper explains that sustainability, human-centricity and resilience are naturally supported by knowledge management. Investigation of connection of elements of Industry 5.0 action plan with knowledge management processes and technologies shows that knowledge management has an important role in achieving Industry 5.0, especially through processes of knowledge creation/acquisition and storing and supporting artificial intelligence technologies.