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Metaverse revolution and the digital transformation: intersectional analysis of Industry 5.0

Ayushi Agarwal (Department of Information Systems, Indian Institute of Management Kozhikode, Kozhikode, India)
Sreejith Alathur (Department of Information Systems, Indian Institute of Management Kozhikode, Kozhikode, India)

Transforming Government: People, Process and Policy

ISSN: 1750-6166

Article publication date: 12 September 2023

Issue publication date: 13 November 2023

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Abstract

Purpose

This study aims to investigate metaverse elements affecting digital transformation and examine how the metaverses’ enabled digital transformation affects Industry 5.0.

Design/methodology/approach

This paper adopts intersectional research methodologies to understand how metaverse technologies facilitate digital transformation and contribute to Industry 5.0. The Metaverse literature is bibliometrically analyzed to identify the intersection of digital transformation and components of Industry 5.0.

Findings

The conceptualization of the metaverse, its ecosystem and its enabling technologies are consistent with the human-centric, resilient and sustainable vision of the industrial revolution. The findings show that scientific research into digital transformation contributes to refining potential conflicts and tensions that may arise at the intersection of the metaverse and Industry 5.0.

Research limitations/implications

Study have significant implications for digital transformation research, as transformation studies help to fine-tune emerging technologies such as the metaverse for the industrial revolution. Based on the findings, the authors have provided a threat model for the Sustainable Metaverse Revolution.

Social implications

The utility of metaverse technologies in industrial revolutions necessitates the formulation of business model policies that promote the metaverse-enabled digital transformation. Policy recommendations for integrated development approaches are also provided in this paper.

Originality/value

The metaverse-enabled digital transformation and its implications for the industrial revolution are less reported. The current study addresses the importance of such intersectional studies.

Keywords

Acknowledgements

The authors would like to express their gratitude to everyone who offered suggestions and support to enhance our work. We extend our appreciation to the anonymous reviewers and editors for their valuable comments and insights during the review process. Additionally, Ayushi Agarwal, the paper's author, would like to offer special thanks to Mr. Rahul Lakhmani for providing guidance and motivation throughout the process.

Citation

Agarwal, A. and Alathur, S. (2023), "Metaverse revolution and the digital transformation: intersectional analysis of Industry 5.0", Transforming Government: People, Process and Policy, Vol. 17 No. 4, pp. 688-707. https://doi.org/10.1108/TG-03-2023-0036

Publisher

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Emerald Publishing Limited

Copyright © 2023, Emerald Publishing Limited

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