Navigating the Digital Frontier: Trends, Innovation, and Challenges in Industry 5.0

Navigating the Digital Frontier: Trends, Innovation, and Challenges in Industry 5.0

R. Sukanya, John Benedict
Copyright: © 2024 |Pages: 11
DOI: 10.4018/979-8-3693-3550-5.ch008
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Abstract

Industry 5.0 is a shift in industrial processes involving robots and AI, enhancing efficiency and customization. International organizations are implementing Industry 5.0, leveraging cognitive virtual minds, AI, additive technologies, and 5G networks. However, Industry 5.0 presents challenges such as job displacement by low adaptability machines and requires substantial investments to transform existing industrial setups. Creative thinking, cybersecurity, and human-machine collaboration are essential for overcoming these challenges. Cyber-Physical system integration, cybersecurity, IoT, AI, and human-machine collaboration are key strategies. Continuous learning, virtual training, and digital twin technology are essential for a skilled workforce. Collaboration is essential for tackling complex digital issues, and organizations must anticipate future trends and prepare for technological breakthroughs. Ethical thinking and responsible AI practices are also crucial. Industry 5.0 is a transformative journey involving advanced technologies into manufacturing processes.
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Introduction To The Digital Frontier

The term industrial revolutions refer to transfer to human work to machine’s work. These machines are replacing humans for the most difficult jobs or dangerous for people. In older days the robots are used to lift the things, cleaning the house and other monotonous jobs. These robots are based on programming methods, they are little slow when compared with modern one. Nowadays robots are enabled with artificial intelligence. A robot is a machine that senses, thinks and acts. As per oxford dictionary defines “robot is a machine capable of carrying out a complex series of actions automatically, especially one programmable by a computer”. The smart machines are used for manufacturing and production process in seventeen centuries onwards.

Defining Industry 5.0 and the Evolving Landscape of Digital Innovation

“Industry 4.0 is a collective term for technologies and concepts of value chain organization. Within the modular structured Smart Factories of Industry 4.0, Cyber-Physical Systems (CPS) monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things (IoT), CPSs communicate and cooperate with each other and humans in real time. Via the Internet of Services (IoS), both internal and cross-organizational services are offered and utilized by participants of the value chain.” (Coelho et al., 2022) According to Merriam web star dictionary, “A robot is a machine that look like a human being and performs various complex acts of a human being”. Industry 1.0 experienced in the year 1784 it mainly concentrated on mechanical production and water and steam powered machines. In the year 1870, the humans experience Industry 2.0 were it mainly for mass production and division of labour in the industry units. During this period, industries using assembly line for production. In 19th century, the humans experienced Industry 3.0 in the year 1969 were electronics revolution rule the world. In Industry 3.0 industries experiences automated production units with the help of electronics and information technology. From Industry 1.0 to Industry 3.0 it takes 100 years of revolution, but Industry 4.0 to Industry 5.0 it takes only 14 years. Industry 4.0 experiences cloud computing, big data analysis and artificial Intelligence (AI) enabled robotics. The unprecedented technological progress revolutionizes and accelerates modern industries. Industry 4.0 aims at enabling such a level of digitization, networking, automation and intelligence that the role of a human in industrial processes becomes questionable. (Golovianko et al., 2022) In Industry 5.0 humans and robots will work together in an industry. AI enabled robots in industries along with human work for bio-economy. The concept of Industry 5.0 can be characterized by human intelligence working side by side in a workspace with cognitive computing to produce more value-added products (Prassida & Asfari, 2021)

Figure 1.

Evolution of Industry 1.0 to Industry 5.0

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