International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

For the last ten years, Industry 4.0 has been available to address the industry’s shortcomings. Therefore, Industry 4.0 has met some challenges and limitations. Consequently, we have entered the era of Society 5.0 and Industry 5.0. Smart factories and robots are driving up business productivity and growth, focusing on sustainability and resilience. This paper analyzes Industry 5.0 and its implementation challenges based on the competence profile of employees. The content and effects of entering Industry 5.0 to align with the competency profile of employees in the Era 5.0 were systematized. Industry 5.0 is transforming paradigms and bringing about resolution, as it shifts the focus away from technology and instead emphasizes the potential for progress through fruitful collaboration between humans and machines. In a business context, the advancements in technology necessitate the implementation of Industry 5.0 to secure competitive advantages and foster economic growth and development. Firstly, we discuss the definition and features of Industry 5.0 from the competency point of view. Secondly, we present two of the most recent and significant competencies—the entrepreneurial and green competencies. The question of their significance and necessity in the context of Industry 5.0 for industrial development on one hand, and for career development on the other hand, is discussed. On this basis, some conclusions and recommendations aimed at business and academia are made. It can also serve as a basis for further research in the field of skill development and workforce transformation in the face of the deep transformation framed by the green and digital economy.

In this paper methods of estimating the structural reliability and adequacy of the large industrial enterprises are considered. The combination of the sequential network reduction method and the Newton’s method is proposed for the calculation of structural reliability indices. Estimation of the adequacy is based on the random events simulation by Monte Carlo method.

Today Industrial Enterprises are facing the challenge of the 4th Industrial Revolution. Steam Power, Henry Ford’s Assembly Line, and Proliferation of Coal-based energy etc. – each of these developments in the evolution of manufacturing fundamentally changed the way products were manufactured and the way manufacturers moved products from factory to the customers. The present paper discusses the term “Industry 4.0” and its main characteristics, as well. Furthermore, a theoretical framework for evaluation the key technologies and concepts with respect to their impact on the production engineering and management. Also this paper discusses and some given arguments why manufacturers need to make changes in their traditional view of the functioning of the production system in term of “Industry 4.0”.