Cooperation of robots and humans, AI development. Industry 5.0.

Is Your Business Ready for Industry 5.0?

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Adapting to industrial changes remains a challenge for some companies. However, since the first Industrial Revolution started in the 1800s, advancement has not stopped. After centuries of investment in innovative devices and advanced technological equipment, companies are now poised to embrace Industry 5.0. But what does this mean for Industry 4.0? And what exactly defines the fifth Industrial Revolution? This article will answer these questions and more.

Industrial Revolution Progression

Human civilisation underwent dramatic transformations due to the industrial revolutions, which shifted economies from agriculture and handicrafts to industrial sectors driven by automated manufacturing and factory systems.

The First Industrial Revolution (Revolution 1.0) introduced mechanisation powered by steam and water. The Second (2.0) Industrial Revolution followed, bringing electricity, mass production, and assembly lines. The Third Industrial Revolution (Industry 3.0) added computers, automation, and electronics. Together, these revolutions profoundly changed how societies worked and lived, enabling companies to become more productive and efficient through advanced machinery, new power sources, and improved work organisation.

Types of industrial revolutions with dates and details about each industry – from 1 to 5. Estimated years*

We are now in the midst of the cyber revolution, often known as Industry 4.0 or cyber-physical human intelligence. The Fourth Industrial Revolution is about machines replacing humans and transforming manufacturing into IoT-integrated smart facilities. Industry 4.0 focuses on Artificial Intelligence (AI), computer-based systems (cyber-physical), networking and cloud servers, machine learning, 3D printing, autonomation, VR, and computing’s advantages. Check how Eaton is pushing the boundaries in Industry 4.0.

What is Industry 5.0?

Industry 4.0 is not yet fully implemented, so why are people already discussing Industry 5.0? The fifth industrial revolution aims to connect people with robots, enabling seamless teamwork between the two. With the growing popularity of tools, like ChatGPT and automated solutions such as autonomous driving and AI, many countries are designing newer and more advanced technologies. While Industry 4.0 focuses on automation and digitalisation, Industry 5.0 emphasizes collaboration between humans and machines.

Industry 4.0, which began around 2010, revolutionised business operations through advanced technologies and automation. This shift enabled many companies to replace human labour with robots, significantly impacting industries worldwide. Despite its transformative influence, some companies are still adapting to the technologies introduced by Industry 4.0. So, does this mean Industry 4.0 is coming to an end? Not at all—Industry 4.0 will continue to shape businesses and industries for years to come.

However, Industry 5.0 is already gaining traction with cobots offering a glimpse of an even more crucial role in the industry’s future by seamlessly integrating into digital manufacturing processes. Simply put, Industry 5.0 represents the reintroduction of human creativity and intellect into industrial systems. In this new era, humans and machines collaborate to achieve greater production efficiencies. Companies only beginning their Industry 4.0 journey may soon find themselves navigating the complexities of this emerging industrial revolution.

What Does Industry 5.0 Mean for Manufacturing?

The robotic manufacturing co-worker in Industry 5.0 is supposed to successfully act as a human companion, resulting in improved production processes and waste and cost reduction. The interaction between humans and computerised machinery will drastically improve the optimisation and automation of many enterprises. Collaboration between the two industrial process entities will offer new techniques and ideas for managing a workforce that includes both people and software robots.

Industry 5.0. Robots, machines and humans work together in smart manufacturing.

Besides robots, the next level of the industrial revolution will bring the aforementioned cobots, also known as collaborative robots. Cobots are designed to observe, learn, and execute tasks similarly to humans. By working alongside humans, they have the potential to increase production efficiency and improve operational processes. This collaboration between people and intelligent systems can also help organisations focus on enhancing creativity and unlocking human brain potential by merging workflows seamlessly.

Industry 5.0 Market was valued at over USD 51.5 billion in 2023 and is anticipated to grow at a CAGR of over 31.5% between 2024 and 2032. Industry 5.0 promotes flexible and adaptable manufacturing systems that can quickly respond to changing market demands, product variations, and customisation requirements. 

Global Market Insight

Manufacturers will benefit from taking away repetitive tasks. Businesses will seek artificial intelligence machines to increase productivity and empower workers, once robots become more accessible. Hence industry 5.0 will create more jobs than eliminate as new skills will be required in programming, controlling intelligent systems, and emerging technologies.

Important Factors about Industry 5.0

Because Industry 5.0 just entered the market, there are some speculations regarding the impact of the new industrial revolution on life and work. Take a look at some sentences below to dispel your doubts:

  • Robots aren’t supposed to supersede humans but co-op with them.

Some people worry about the impact of robotics development on human life. While robots are more reliable than people and are better at precision work, they lack adaptability and critical thinking skills. The main purpose of robots is to fulfil their assigned mission of offering aid and improving our lives when they collaborate with people.

  • Industry 5.0 will bring broader benefits to the marketplace than industry 4.0.

Industry 5.0 could not exist without industry 4.0 that brought automation. However, it will change automation to manufacturing tasks while allowing consumers to acquire goods and services that are tailored to their requirements.

  • Industry 5.0 will create more jobs than eliminate.

In previous articles, we considered the idea of robots taking human jobs, but the conclusion is that automation creates more job opportunities than it displaces.

Job interview with futuristic robot. Entirely 3D generated image.
  • Personalisation will lead, not mass production.

Thanks to Industry 5.0, people will be able to personalise their products better as the original designs need human interventions.

  • Psychology will control technology.

Ensuring product quality requires human interventions. In industry 4.0, many products created for a big scale didn’t need human touch. But the new revolution will allow workers to interfere with the product with robotics help and psychological analytics.

  • The progress into Idustry 5.0 is inevitable.

With the growth of technology, there is no way to go back. Everything is computerised nowadays. So, instead of thinking about the sense of robotics, it is better to focus on implementing changes and preparing workplaces and the workforce for Industry 5.0.

Are you Ready for the New Industrial Revolution?

Without constant development, humans could not exist. Therefore, the world and industrial sectors are going through some revolutions. But how will the development of robots and cobots result in human life? Can we expect some danger from these machines, as shown in some science fiction movies? 

The question about the need for robot development is controversial because, on the one hand, it picturises a list of improvements, if only in manufacturing but also in transport, healthcare, agriculture, earth and space exploration. On the other hand, it creates a fear of the unknown. People simply do not know what the future will bring; we can only predict. But there is a danger with every invention. That doesn’t mean we should stop discovering and improving.

The truth is that people already have contact with robots by chatting with them (chatbots), getting some information from virtual assistants (Alexa/ Siri), while driving (parking sensors) and much more. With an increasing number of jobs, individualised products, automated machinery, and delighted customers, Industry 5.0 is the way to go for many companies. However, before that, governments all across the world, as well as the world’s major high-tech corporations, must establish a framework for defining machine intelligence rules.

Frequently Asked Questions

What is a smart factory?

Smart factory or smart facility is often called digital factory, intelligent factory or smart manufacturing. These names describe modern technology used in facilities to generate a hyperflexible, self-adapting production in which automation, additive manufacturing, IoT, robotics, data analysts and cloud systems are used.

What are industry 5.0 features?

Industry 5.0 is a new manufacturing concept that emphasises the interaction of humans and machines. Industry 5.0 is the next phase after industry 4.0 and it entails cooperation between increasingly powerful and precise machinery and the human being’s unique creative potential.

What will be the 5th industrial revolution?

The mix of humans and machines in the workplace is what the Fifth Industrial Revolution (5IR) will be. Industry 5.0 is distinct from the previous four because in the fourth revolution, automation was replacing humans, now people are at the centre of the manufacturing process. 

What revolution are we in now?

Since about 2010 humans have been in the 4th industrial revolution. It means advances, such as machine learning (ML), artificial intelligence (AI), the Internet of Things (IoT) and Industrial Internet of Things (IIoT), 3D printing, virtual and augmented reality, autonomous vehicles, quantum computing and more. 

What are the types of industrial revolutions?

Beginning with Industry 1.0 that started in the 18th century developing steam and water engines till Industry 2.0 that began the era of electricity, mass production and assembly lines, and industry 3.0 with industrial computers, automation, and electronics. The significant growth of technologies started developing in industry 4.0 by implementing automation and data exchange in manufacturing technologies.

What are the Industry 5.0 benefits for the EU?

Many people wonder what will be the main benefits of artificial intelligence. The advantages for businesses and workers are numerous, ranging from improved talent acquisition and retention to energy savings, agility, and increased productivity, profitability or enhanced flexibility, change-readiness, and a responsive working environment.

Was the Industrial Revolution good or bad?

The industrial sector has significantly improved human life by developing technologies and creating more efficient ways of working. However, industrialisation has also been a major contributor to environmental pollution. This highlights the importance of adopting smart manufacturing practices that prioritise sustainability and aim to reduce greenhouse gas emissions.

Why do people need a fifth industry?

The development of smarter and more connected machines opens up a world of possibilities. Manufacturing can change Industry 5.0 by combining cognitive computing capabilities with human intellect and resourcefulness in collaborative operations. 

What is Industrial Revolution Grade 5?

What is known by the Industrial Revolution, is the transition from an agrarian and handicraft economy to one centred on industry and machine production. The most recent grade in the Industrial Revolution is described as Industry 5.0 which focuses on new technical advancements, mainly the collaboration between machines and humans.

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