Industry 5.0 – New Technologies, New Business Models

Industry 5.0 – New Technologies, New Business Models 


Industry 5.0 integrates advanced technologies such as artificial intelligence, robotics, and the Internet of Things. With a human-centric and sustainable approach, it aims to optimize productivity, operational efficiency, and societal value

The village aims to see the developing of business models and marketing strategies in tandem with how new technologies such as the above mentioned are implemented in manufacturing. You will develop business models that reflect an understanding of the technologies involved and its implications for creating value for shareholders while at the same time responding to the long-term needs of society and the environment.

It's a highly interdisciplinary course. Business students will learn about manufacturing and its relevant technologies whereas engineering students will learn how to integrate manufacturing and technology in a sustainable business model.

Within this overall theme, students will be invited to solve concrete problems in manufacturing and their corresponding business models. The manufacturing lab at IHB (“Manulab”) will be available to students throughout the project. 

Relevant competency

The village is tailored to students of mechatronics and automation, and students of business development and marketing at IIF.

About the village 

Campus Ålesund spring 2025, customized for the three master programmes on campus (International Business and Marketing, Management of Innovation and Sustainable Business Development, and Mechatronics and Automation).

The course will be synchronized with relevant courses of the master programmes to the extent possible. Teachers from your master programmes will to a larger extent than in other villages take an interest in your project and provide input.

The purpose is to apply skills and competence from your master programmes in the EIT projects more systematically, while at the same time build interdisciplinary teamwork skills.

External partners 

The course may facilitate collaboration with an industry partner if relevant.  

 

Facts

  • Course code: IE509118
  • Village title: Industry 5.0 – New Technologies, New Business Models 
  • Type: Semester-based
  • Language: English
  • Village supervisor: Anders Ulstein
  • Contact information: Anders.ulstein@ntnu.no
  • Semester: Spring 2025
  • Host faculty: IE
  • Location: Ålesund

How do I register for EiT?

Important information about EiT

Important information about EiT:

  • The focus on teamwork skills and group processes is the unique feature of Experts in Teamwork (EiT)
  • EiTs teaching methods depend on the contribution and presence of every participant throughout the semester. For this reason, attendance is compulsory on every village day.
  • In contrast to many courses, the first few days are especially important in EiT. During this period, get to know each other and discuss what each individual can contribute. You will also draw up the compulsory cooperation agreement and start preparing a shared research question.
  • For additional information about Experts in Teamwork, see page for students