The onset of Industry 5.0 is a thrilling change in the industrial systems development, where the combination of high technologies with human imagination and sustainability is in the spotlight. The chapter explores the technologies behind the revolutionary shifts of the Industry 5.0, where the key focus is that the technologies are not only automating the tasks but also supplementing human decision-making and improving cooperation between human and machines. This chapter covers collaborative robots (cobots), artificial intelligence (AI), IoT, additive manufacturing, and blockchain and how all these technologies change the definition of industry productivity, customization, trust and fill the gaps left by the prior industrial revolutions. In addition, it also throws some light on the issues of incorporating these advanced systems and the way companies can attain the level of preparedness to adopt Industry 5.0.