A Critical Review Exploring the Interplay Between Advanced Technologies and Innovation Ecosystems in Industry 5.0 Scenario

ABSTRACT Unlike Industry 4.0, which primarily emphasized automation and efficiency, Industry 5.0 marks a transition toward human‐centricity, sustainability, and resilience. One of the key challenges for Industry 5.0 innovation ecosystems lies in integrating technological progress with social equity, environmental responsibility, and active human involvement. This study aims to explore how digital and advanced technologies contribute to the development of Industry 5.0 within innovation ecosystems. Through a qualitative approach based on a critical literature review, the research identifies three promising areas where such technologies support the core principles of Industry 5.0, connecting them with Innovation Ecosystem Theory. The study's findings contribute to the creation of a conceptual framework intended to guide scholars in future research focused on understanding how advanced technologies can foster inclusive, resilient, and sustainable innovation ecosystems. Although the study follows a rigorous methodology, it also acknowledges some limitations, which could be addressed in future research developments.