How is Industry 4.0 different from Industry 5.0?

In nutshell, Industry 4.0 focused on automation and data exchange, and it replaced human workers with machines. However, Industry 5.0 offers manufacturing processes that integrates the combined power of machines and humans.

What is the major cause to shift to Industry 5.0?

The ongoing debate on the environment, crises like COVID-19 pandemic and wars, the societal value of industries have triggered the efforts to redefine the model of industries. Manufacturers need to shift to an industry model that provides sustainability, collaboration of human and technology, and resilience which are the foundations of Industry 5.0.

How to gear up for Industry 5.0 in manufacturing and stay competitive?

Manufacturing businesses are on the edge of transformation and this paradigm shift calls for radical changes. From adoption of advanced technologies to supply chain optimization there are many things that companies have to do to ensure they are ready for Industry 5.0. Here is the quick checklist: 1) Assess the existing technologies to identify scope for improvement, 2) Train and develop the skills among your team to align with Industry 5.0 standards, 3) Effective data management systems are required to collect, analyze, and use the large volume of data generated within your manufacturing processes, 4) Ensure connectivity between systems and devices for real-time monitoring and quick decision-making, 5) Find out ways of how machines and humans can work together, 6) Evaluate suppliers and optimize supply chain.

Industry 5.0: Shaping the Future of Manufacturing Industry