Topics In Demand
Notification
New

No notification found.

Smart Manufacturing: The Impact of AI & IoT on Industry 5.0
Smart Manufacturing: The Impact of AI & IoT on Industry 5.0

24

0

Until recently, we have seen tremendous change in terms of advanced technology. Humans have come a long way from the Renaissance to the Industrial Revolution to Industry 5.0. Technological advancements have significantly impacted human lives, from manual factory work to integrating advanced technology to improve productivity.

We live in the fourth Industrial Revolution, and 5.0 is already upon us. It is like we just blinked, and now we are moving to the next phase of evolution. 4.0 has changed how businesses operate; work efficiency has improved, and everything is streamlined, whether interacting with customers or managing the supply chain. However, with the fifth industrial revolution, companies are moving forward to a new phase of advancement. 

More challenges are being uncovered as businesses integrate advanced technology into their operations. It also led them to unlock new technologies and prepare them for the fifth industrial revolution. Industries depend heavily on IoT and big data to simplify operations; the fifth industrial will make companies more open to technological adoption. 

In this article, we will uncover the impact of AI and IoT on Industry 5.0. and how it differs from 4.0.? And the essential facts about the fifth industrial revolution.

To get detailed insight into Industry 5.0, let's dive further. 

What is Industry 5.0, and How Does It Differ from Industry 4.0?

Industry 5.0 is built upon the foundation of 4.0. The fifth industry focuses on improving work quality and increasing the adaptability of working with robots. It's all about robots simplifying complex work using big data and IoT technologies. Robots have a proven work history of performing dangerous tasks precisely, such as loading heavy material, welding, etc.

Meanwhile, industry 4.0 is a smart manufacturing industry where manufacturers widely adopt the latest technology. Technologies like IoT, data analytics, and cloud computing are widely used to streamline industrial operations. With technological advancement, machines are getting smarter day by day. The fifth industrial revolution focuses on collaboration with human intelligence and artificial intelligence.

Therefore, Industries have replaced manual inspection with AI-powered insights to drive quality results. Replacing traditional practices with the latest technologies saved time and money. While integrating smart technologies, manufacturers can boost productivity, reduce manufacturing timelines, and produce quality products. 

Many factories use advanced software and embedded data to manage their machinery, leading to fewer errors. The concepts of the 4.0 industry are applied to different industries, including mining, manufacturing, and other industries. 

With machine learning, manufacturers can detect errors early, saving on the cost of later fixation 4.0, which has improved flexibility, quality, security & increased adaptable manufacturing operations. 

For a better understanding, let’s compare Industry 4.0 and 5.0 

Parameters

Industry 4.0

Industry 5.0

Primary focus

Automation and digitalization

Human-centric collaboration

Technology core

IoT, AI, ML, and Big data 

Advanced AI human machine

Objective

Improve productivity, automation, and quality 

Personalization, sustainability

Human role

Limited, often supervision and supervisor

Central, with enhanced roles due to collaboration

Production model

Asynchronous manufacturing, Smart factories interconnected with the latest technology.

Robotics manufacturing, along with human supervision

Work environment 

Intelligent and automated but lack human-centricity

Safe ergonomics designed to enhance human efficiency.

Sustainability

Not primary focus

Prioritizing resource efficiency

 

5 Essential Facts About Industry 5.0

The 4.0 industry has already impacted the global economy, and smart technologies have made industries more efficient.  In the midst of 4.0, people assume that AI will replace humans, but 5.0 focuses more on human-machine collaboration. Industry 5.0 supports humans by improving decision-making processes and not suppressing human capabilities.

 Let’s understand Industry 5.0 facts and prepare for its impacts.

1. Human-Machine Collaboration

Get ready for human-machine collaboration with Industry 5.0, which will bring more flexibility to the working environment. Robots are more precise and consistent than humans; working together will improve human lives.

Therefore, Industry 5.0 will likely create more creative people working together to create a more personalized user experience. 

2. Customization And Flexibility

With Industry 4.0, technological customization is not widely adopted; several industries still use traditional practices. However, with the fifth industrial revolution, the focus has shifted to providing more customizable experiences, leading to flexibility. Now, manufacturers can develop products with an immense level of customization that perfectly suits the user's needs.

3. Sustainable And Eco-Friendly Practices

Industry 5.0 aims to provide environmental friendly practices that minimize industrial waste and reduce ecological industry impact. By adopting eco-friendly practices, companies can produce sustainable products with minimal environmental degradation. Companies will adapt circular economy models to recycle and reuse waste at a certain level, benefiting the ecological system. 

4. Integration Of Advanced Technologies

With Industry 5.0, advanced technologies like IoT, machine learning, artificial intelligence, and big data will be ultimately adopted. AI is crucial in optimizing and automating, resulting in quality control and withstanding unforeseen challenges. (Predictive maintenance)

Some companies deal with complex data, but there is no going back once you use technology and drive efficient results. 

5. Optimal Balance Of Efficiency and Productivity

Robots work with precision, which increases efficiency, and advanced automation with AI-powered systems can streamline processes. With the fifth industrial revolution, machines and humans will work together to create more meaningful experiences and maintain optimal balance.  

Productivity will automatically increase when manufacturers use advanced technologies powered by AI, shaping the future of the industries.

Conclusion 

We are close to the next phase of the Industrial Revolution, where humans and robots will work together to create results beyond human imagination. With the fifth industrial revolution, companies can simultaneously save labor costs but increase productivity. 

We are close to the day when efficiency and productivity will dramatically increase, and we will live with every real possibility. With Industry 5.0, we can build a more intelligent workflow that quickly adapts to changing conditions. 

Therefore, it will take the current phase to the next level. The fifth industrial phase will be beneficial not only for companies but also for the employees. Companies preparing for Industry 5.0 are moving one-step closer to a long-term successful journey. 

 


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


CTO at Emizentech, Mr. Amit Samsukha is a well-admired ecommerce expert and IT consultant. With a decade of experience in eCommerce and mobile app technologies, Amit has been assisting businesses across the globe with how to leverage digital capabilities to build and improvise their IT infrastructure. A leader in his own rights, his teammates see him as a passionate researcher and an ecommerce evangelist. See him talking about ecommerce, mobile app trends, ideas, and innovation at Community by NASSCOM Insights.

© Copyright nasscom. All Rights Reserved.