In order to better understand the topic - "Digital Society and Industry Development" 5.0, the paper will explain what the digital society is and what technologies affect the development of the digital society, then the history of industry development from steam engine to Industry 4.0. The rest of the paper focuses on the development of Industry 5.0 and the impact of Industry 5.0 on society. With the advent of Industry 5.0, changes will occur in many areas, while changes in medicine and economics are described here. The development of cobots and artificial intelligence is the foundation of Industry 5.0, which will enable robots to work with humans, ie they will share the same workspace and help each other. The attitudes of the European Union on the topic of artificial intelligence and the impact of artificial intelligence on society will be mentioned. New changes also bring shortcomings, one will have to go through training to work with cobwebs and get used to working with them. There is a possibility that a man will have to compete with cobots for jobs which could create a negative perception about them.