La Academic

  The European Commission coined the term "Industry 5.0" in 2020 to define the next generation of technology that will effect businesses and individuals, such as virtual simulation and automated robots. It acknowledges that these technologies are no longer simply 'future tech', but rather realities that will begin to have an impact on society at large. This open access book refers to this new reality as 'Society 5.0' and investigates the true impact of AI-enabled businesses on society. This book begins with a brief history of AI, contemporary terminologies, and its conceptual components, visualisation, data, and algorithms, followed by a collection of studies from renowned experts in AI and Digital Business. The first segment focusses on the immediate problems and strategic changes needed for firms to successfully adapt to this new reality. The second section focusses on the benefits of AI for businesses and society. The final segment contains chapters o...

Digitalization refers to the conversion of information and knowledge obtained in physical form, such as through sensors or printed documents, into a language that can be understood by computers. The phenomenon is central to the digital transformation, which depends on the combined and interconnected use of advanced technologies such as 3D printing, blockchain technology (distributed ledger), the Internet of Things, machine learning, and artificial intelligence. This leads to the generation of large volumes of data known as big data, which necessitates the use of big data analytics approaches (Ertz et al., 2022). The potential to utilize these massive data sets is mostly unexplored, but it has the potential to facilitate the shift towards "more sustainable and efficient smart integrated cities." Upon reviewing previous studies, it is evident that there are three fundamental components in academic research. The integration of digitalization into sustainability is represented by...