We live in a time of rapid technological advancements, where Industry 4.0 is already revolutionizing how businesses operate, with automation and intelligent technologies becoming increasingly prevalent in industrial processes. However, as we embrace the era of digitalization and smart factories, there's a growing recognition that technology alone is not enough to create sustainable and meaningful progress. To achieve that, we need to balance technological innovation with a human touch – and that's where Industry 5.0 comes in. What is Industry 5.0? Industry 5.0 is a concept that represents the convergence of the latest technological advances with human-centric values, ethics, and principles. It aims to put human beings at the center of industrial processes and empower them to leverage the full potential of new technologies while focusing on social responsibility, environmental sustainability, and overall well-being. Industry 5.0 builds on the three previous industrial revolutions, each of which brought significant changes to the way we work and live: Industry 1.0: The first industrial revolution started in the late 18th century with the invention of the steam engine, which marked the transition from manual labor to machine-based manufacturing. Industry 2.0: The second industrial revolution began in the early 20th century…

A worldwide survey by KPMG carried out in partnership with Forbes, entitled"Digital Transformation", pointed out that 79% of 261 CFOs had already started the digital transformation procedure in the companies they lead. The poll also showed that this movement has opened the way for the introduction of more advanced emerging technology such as large data, computer vision, and machine learning. These capacities can provide information and help companies respond more efficiently to business fluctuations. The intelligent automation provides professionals with the essential information-gathering tools for decision making and enables them to concentrate more on approach. "What we've seen, lately, is that this procedure has also been intensified in the finance function in the other organizations due to the urgent need for automation which has arisen in the face of the challenges imposed by the social distancing determined as a health measure to fight Covid-19", points KPMG. In our daily dealings with factories in a variety of areas of the planet, we've seen many fund managers who are more open to electronic transformation. The covid-19 pandemic has accelerated this process, sometimes in a tumultuous manner. But we believe it is a road with no turning back. Contracts are…