The Economic Pathway of Intelligent Digital Transformation in Light of the Forecasts of the Fifth Industrial Revolution

Abstract:

Objective: This study examined the economic trajectory of smart digital transformation in the context of the Fifth Industrial Revolution, focusing on its economic and social implications and emerging business models. It also sought to assess successful international experiences and extract key lessons. Methodology: A descriptive-analytical approach was adopted, involving a review of literature on industrial revolutions and digital transformation, analysis of economic and digital indicators from international reports, and examination of applied models in pioneering countries. Results: The findings revealed that the Fifth Industrial Revolution promotes integration between humans and machines, emphasizing sustainability and the bioeconomy. Digital transformation was found to have a positive impact on productivity and economic growth, though challenges remain, including labor market restructuring and widening inequality. The study also identified the rise of new digital business models, such as the sharing economy and subscription economy, and showcased how some countries achieved successful digital transformation through comprehensive strategies. Conclusion: The study concluded with several recommendations: strengthening digital infrastructure, reforming education systems, and updating legislative frameworks. It further stressed the importance of private sector adaptation to these transformations through innovative business models.