What is predicted as Industry 5.0?

While a large number of companies around the world are still trying to adopt Industry 4.0, the debate over Industry 5.0 has begun.

The biggest feature of Industry 5.0 is “Personalization”. That is, the design and production of various sensor data are directly linked to the delivery of personalized products to consumers in real-time. Some groups are skeptical of Industry 5.0 and believe that the model will replace humans with robots, leading to global unemployment. But this is not the case. Industry 5.0, which will bring advanced automation, will not reduce the human value but will increase it with the help of human-machine coordination.

What is Industry 5.0?

Industry 5.0 is the future industrial revolution that will change the production model by focusing on the interaction between humans and machines.

The pre-Industry 5.0 phase has seen the rise of the digital industry: developments such as the Industrial Internet of Things or a combination of artificial intelligence and big data have created a new kind of technology that can provide companies with data-driven knowledge. 

As a result, it has been translated into processes such as Operating Intelligence and Business Intelligence, which develop models that use technology with the goal of making more accurate and less uncertain decisions.

However, Industry 4.0 model was based on idea to minimize human labors and maximize automation of operations using technologies. To a certain extent, humans have been placed in a position where they have competed against machines in a race to degrade them or get degraded by machines.

But this is not the case with industry 5.0. In industry 5.0, the target is to develop a balance among machines and humans to offer different sectors the maximum benefits of using technology.

Why this is important?

The changes made by Industry 5.0 are already irreversible. This process offers companies the capabilities of increasingly powerful machines with well-trained experts to promote a better, more sustainable, and safer product.

Industry 5.0 is a new model of manufacturing that covers productive, economic, and commercial canvas. Therefore, businesses that do not transfer their existing operational infrastructure to the Factory 5.0 model will soon become out of the competition, as they are unable to take advantage of the competitive benefits IT offers.

Not only that: the rate of technological advancements is accelerating and it shows that the emergence of new models never stops. For this reason, adjusting each company’s operations and transforming them into a digital industry concept will be important in ensuring that an organization remains competitive.

What will it bring?

Cost optimization

Industry 5.0 handles improvements from the past that have produced more efficient processes since the first industrial revolution. Finding business models that use the least resources to maximize profits is perfect at their highest level in Factory 5.0, as man and machine work together to make the best financial decisions for a company.

Green solution

None of these industrial changes have made environmental protection a priority. Industry 5.0 is changing this trend because of new corporate technologies and sensitivities. This has led to sustainable policies where, for example, minimal waste production and management becomes necessary, and cross-cutting processes also make the organization more efficient.

This change is in line with the increasing demands of international organizations, government regulations, and consumers.

Productivity and creativity

Technological innovation does not allow a degree of personalization that meets the demands of customers. Employees who are part of Industry 5.0 will take advantage of technology capabilities, but will also have the opportunity to incorporate their own ideas that lead to products that are designed with personalization in mind.

Moreover, the automation that Industry 4.0 brought into the industry allows workers to free themselves from some repetitive tasks and focus on creating more powerful strategies, or apply their creativity. When combined with industry 5.0 ideas, this automation will experience equilibrium instead of being machine oriented. 

Requirements for the Implementation of Industry 5.0

Trained personnel

Factory 5.0 has played the role of Chief Robotics Officer. This person specializes in communication between machines and operators and also has knowledge in areas such as robotics and artificial intelligence. Its role in the company is to make decisions around these factors.

With the expansion of virtual education, employee training will also move forward. This allows for lower costs for companies, as they do not have to stop production to train their employees. In addition, it leads to safe training that prevents workers from taking unnecessary risks during training. Communication and employee motivation enhance the interactive learning environment.

Among other technologies, the generation of thousands of jobs related to robotic systems and interactions with artificial intelligence is expected.

The right Technology

The term “cobots” is coined in connection with Industry 5.0: Collaborative robots designed for simple and intuitive interactions with humans.

This technology enables humans to perform tasks such as plant protection and targeting. In a special way, they act as apprentices, who are able to observe and replicate a person’s actions, assisting the operators.

Furthermore, the appearance of increasingly complex processes will require appropriate software that is capable of handling this vast amount of data and provides human operators with a space they can use to communicate with machines.

For example, software Nexus Integra Platform has been built in order to transform an industrial company into Industry 5.0. It is an integrated system for the large-scale management of industrial assets, allowing companies to leapfrog their digital transformation.

Industry 4.0 models has been a successful use of technology in offering automation and smartness to industries yet it was based on minimizing the human involvement in the operational infrastructure that gave birth to a cluster of debates and doubts. Yet the industry 5.0 is not based on the previous idea, it is meant to build collaboration between humans and robots for optimized growth. It is based on the idea to minimize the competition among humans and machines and make them closes to each other. Hence creating an environment where a machine can learn from humans and humans can learn from machines without being hesitant. Let’s see what happens when industry 5.0 is implemented completely. Meanwhile, keep enjoying the fruits of industry 4.0 innovations. 

Questions as I write these blogs and carry out the thought process:

1. Would we successfully create the Next Generation of Living Beings just like Gods?
2. Would the AI Creatures look upto us as Gods?
3. Will we have Super Powers using these AI Chips?
4. Can we be the Creators?
5. Would we have unlimited powers?
6. Does the concept of Slaves come because Gods used Humans to carry out their routine works?
7. Would we transfer all our routine works to AI Creatures?
8. Would we be wearing AI Powered Chips as our Crowns?
9. Would we be able to manifest anything and everything using AI and Technology?
10. Would we be able to travel anywhere and everywhere instantly?
11. Can we be able to be Omnipresent with the use of IT and Technology?
12. Would there be days to get rid of Poverty once and for all?
13. Would there exist an awesome state of equality?
14. Does these things gives way to the outburst of AI Creatures to revolt for being used as Peasants and Slaves?
15. Would there be a day where we can impart education using chips just like Old Saints used to impart with the Thumb?
16. Is there a connection with Mehendi or Body Art with Circuits?
17. Is there a connection with Jewels and Ancient Ornaments with Advanced Technology?

I have loads of questions, let’s see how things manifest. I also believe that the Thought Process and Direction are the keys for Manifesting anything! Unless we are in the right hands nothing can go right!