The Journal of Economics, Marketing and Management (융합경영연구)

International Convergence Management Association (국제융합경영학회)
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A Study on the Application of Industry 5.0 Technologies in Residential Welfare

  • Sun-Ju KIM (Department of Real Estate.Asset Management Graduate School, Kyonggi University)
  • Received : 2024.09.13
  • Accepted : 2024.10.30
  • Published : 2024.10.30
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Abstract

Purpose: This study aims to analyze the application of Industry 5.0 technologies to improve residential welfare, focusing on vulnerable groups such as the elderly and one-person households. Research design, data, and methodology: Through a literature review and SWOT analysis, it examines both the strengths and challenges of these technologies, which include AI, IoT, energy management solutions, and personalized systems. Results: The application of Industry 5.0 technologies in residential welfare offers opportunities for enhanced personalization, energy efficiency, and security, especially for vulnerable groups like the elderly and one-person households. However, challenges such as high costs, data privacy, infrastructure limitations, and technological inequality must be addressed to ensure equitable access and widespread adoption. Conclusions: The research identifies key areas for improvement, including data privacy, infrastructure limitations, and the need for equitable access to advanced housing solutions. By addressing these areas, the adoption of Industry 5.0 technologies can help create a more resilient, inclusive, and efficient residential welfare system for future generations.

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