Industry 5.0 : A More Advanced Industrial Revolution

Since the first industrial revolution, all the industrialists and also others have understood the efficiency in applying technology as a means of progress. Steam machinery, computing, IoT, etc are some of the advancements that took place during the previous industrial revolutions. Industry 5.0 is bringing a revolution with a changing pattern and model of innovation. It emphasizes technology and attempts to bring out the true potential of technology with the collaboration between humans and machines.

Need for Fifth Industrial Revolution 

The driving force behind industry 5.0 is mainly because of the ongoing pandemic. Because of Covid, companies and industries are looking for more transparency. There are larger industry players who embrace digitization and are more willing to buy new technologies that help analyze their supply chains, enhance processes in facilities, and provide great flexibility as market needs change. 

The need for a fifth industrial revolution is also backed by the existing workforce. Since workers in industries have become more remote, there is a need for upgrading technology that enables remote work to operate effectively. 

Edge automation is one of the technologies that is being focused on by the revolutionists for initiating it in the fifth industrial revolution. Edge automation is a process where tech can analyze and even fix machines in the field. 

There is also a need for transparency in the field of the supply chain. The pandemic has highlighted defaults in the process by which materials and goods flow. There were so many facilities during the pandemic that needed to move their production away from business-sized or wholesale goods to residential, individual-sized products as the lockdowns forced many people to leave their offices and work from home. Therefore, anything that incorporates intelligence into robotics or automation is high in demand. 

The rule of demand and supply has always and is still driving the industrial companies to adopt more automation technology to take advantage of the market.

Industry 5.0

The previous revolution, Industry 4.0, evolved with the advent of automation technologies, IoT, and the smart factory. Industry 5.0 takes the next step, which involves leveraging the association between increasingly powerful machinery and the unique creative efficiency of the human being. 

During the phase of Industry 4.0, the aim has been to curtail human involvement and prioritize process automation. To a certain extent, humans have been set in a position where they compete against machines. But Industry 5.0 is focusing on reversing this trend. The aim is to maintain a balance between humans and machines thus incorporating machine-human interaction to offer the highest benefits. 

This process attempts to provide companies with the abilities of increasingly powerful machines in association with better-trained human experts to stimulate an effective, sustainable and safe production. Industry 5.0 aims to provide a new way of understanding industry manufacturing focusing on productive, commercial, and economic consequences.

Benefits Offered by Industry 5.0

• Industry 5.0 carries all the improvements that have been generated by the previous industrial revolution. In industry 5.0, since humans and machines work together, there will be more efficient productivity leading to higher profits. 
• Unlike the previous industrial revolution, Industry 5.0 aims to focus on the protection and prevention of the environment as its top priority. Sustainable policies like minimal waste produce and cross-cutting processes thrive to emerge under industry 5.0 to make the industry more effective. 
• Personalization and creativity that meet the demand of the customers are not allowed in technological innovation but industry 5.0 takes a step forward by enabling personalized ideas for products.