Abstract
The Internet of Everything (IoE) and the Industrial Internet of Things (IIoT) represent transformative paradigms in the world of connected technology, extending the reach of the Internet to encompass physical devices, data, people, and processes. IoE and IIoT play crucial roles in Industry 5.0, emphasizing the symbiotic relationship between humans and automation. These paradigms offer substantial benefits but also pose challenges that require attention. Recent developments in edge computing, AI, ML, and 5G networks continue to enhance the capabilities of IoE and IIoT, ushering in a more connected, intelligent, and efficient future. This qualitative research study aims to investigate the intricate dynamics of the Internet of Everything (IoE) and Industrial Internet of Things (IIoT) to explore their classification, benefits within the framework of Industry 5.0, challenges faced, diverse applications, and recent developments. Drawing on the insights gathered from meticulous content analysis of pertinent literature, this research offers valuable perspectives on these transformative technologies and their impact on various sectors.