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Industry 5.0 – The Revolution for Reformation

Since the advent of civilization, mankind has always made efforts to get the best out of the available resources and improve living standards and lifestyles. Right from being a nomad to an agriculturalist to an industrialist to a highly intelligent computer genius- the transformation has been gradual and steady. Initially, the change was seen spread over a century but lately, it has picked up the pace. Now, we see breakthroughs happening every few years. Earlier, when revolutions took a century, presently the quantum jump happens every 5 or ten years. The giant strides of technology are fast transforming the world.

The Four Industrial Revolutions so far:

Industrial Revolution Version Year Strategy & Objective Major Outcomes
First 1765
  • Shift from an agrarian & handicraft economy to its mechanization
  • Proto Industrialization
  • Extraction of Coal
  • The invention of the steam engine
Second 1870
  • Massive technological & industrial advancements
  • Mass production with the help of electric power
  • New Sources of Energy- electricity, gas, & oil
  • Internal combustion engine
  • Development of steel
  • Means of communication- Telegraphs and the telephone
  • The invention of the automobile
  • The invention of the plane
Third 1969
  • The advent of electronics, telecommunication, & nuclear power. An era of high-level automation
  • Space Expeditions
  • Research, and biotechnology
  • The invention of Computers, robots, and Programmable Logic Controllers (PLC)
Fourth 2011
  • The introduction of the Internet
  • A union between physical assets and advanced digital technologies using AI and ML
  • The implementation of the internet of things and industrial internet of things
  • Smart infrastructures and ecosystems
  • Cloud Computing
  • Autonomous Vehicles

Industry 4.0 reflected the fourth industrial revolution being triggered and enabled by developments in IT. This revolution in the industry focused on innovating technology, such as smart systems, virtualization, automation, robotization, machine learning, Internet of Things, big data analytics, and artificial intelligence among others. While companies and industries are still working out their strategies to implement the fourth revolution, adopting ways for self-advancement the next revolution is already at the doorstep—Industry 5.0.


The Problems of Industry 4.0 And

The Need For A Shift of Focus

Industry 4.0 has led to an increased automation of tasks with the penetration of the internet into every aspect of our lives, giving us a digitalized world and cyber-physical systems. But everything comes at a cost. The essence of Industry 4.0 is the use of technology for efficient production, however, it has a negative impact on environmental sustainability. The over-use of resources, poor discharge of waste, and the intensive use of technology, information, and energy leading to air pollution are together making a drastic impact on our environment. In addition, to the above, the unequal distribution of wealth, and inappropriate conditions of work, are also a cause of concern leading to a disproportionate consumption pattern. There is a growing need to improve the industrial ecosystem and to help it become not just technologically better but environmentally and socially sustainable. The approach of more production and more profits has to make way for stability and a circular and sustainable economy.


Industry 5.0 - Welcoming Sustainability,

Resilience, and Human-Centricity

The concept of Industry 5.0 is far removed from the previous versions in its objectives and strategies. Industry 5.0 defines the perception of the industry that aims beyond efficiency and productivity as the sole goals and enforces the role and the contribution of industry to society. It places the well-being of the worker and the sustainability of the environment at the center of the production process. The latest version of the industrial revolution uses new technologies to provide prosperity above jobs and growth while keeping in mind the production limits of the planet. The Industry 4.0 approach of research and technology-centric automation is complemented in the 5.0 version of specifically putting research and innovation at the service to get a sustainable, human-centric and resilient economy.


Primary Aspects of Industry 5.0

  • Interaction of humans and machines together for improving the efficiency of industrial production.
  • The application of the 6R’s of the waste management industry- RECOGNIZE, RECONSIDER, REALIZE, REDUCE, REUSE, RECYCLE
  • The adoption of Logistics Efficiency Design (LED) principles- Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right Price.
  • Strategic Management - Transparency, Profit Sharing, Efficiency
  • Industrial Up-cycling

Application of the Principles of Industry

5.0 on the Following Three Levels

  • Economical - The effective management of logistics costs in addition to waste prevention and up-cycling is required for the implementation of a circular economy.
  • Environment – The sustainable utilization of resources and more focus on renewable reserves and eco-friendly measures for a balanced ecosystem.
  • Society - The cooperation between man and machine remains the highlight of industry 5.o. The emphasis on the human aspect for establishing a highly efficient working environment from top to bottom is required for the production of better-quality products.

Domains That Would See A Significant

Positive Impact of Industry 5.0

  • 1. Services and business models
  • 2. Stability and Profitability of businesses
  • 3. Technical infrastructural security
  • 4. Reliability and efficient productivity
  • 5. Machine and Human safety and coordination
  • 6. Product life-cycles
  • 7. The impact of the Industry value chain on the environment.
  • 8. Workers’ education, skills, and involvement
  • 9. Socio-economic ecosystem
  • 10. Workers’ job security

All of the above domains will see significant positive growth and thereby increase the overall development of the economic and social ecosystem.


Challenges That Lie on The Road To

Industry 5.0 Implementation

  • Reluctance by stakeholders and capitalists
  • The high disparity between technology development and social evolution
  • The levels of “Seniority” and “Juniority” rankings at the workplace and misuse of authority
  • Rampant Overproduction
  • Lack of clarity in many processes of production
  • Absence of transparency within the management
  • Application of round pegs in square holes leading to wastes –physical and social
  • The indispensability of IT and electricity
  • Disproportionate use of renewable and non-renewable resources

Conclusion

90% of modern industries are profit and volume-oriented. Technological inclination and digitalization of processes as a whole have significantly resulted in high volumes of waste generated within the process of production, and also within the supply chain. The garbage from simple waste bins, up to misuse and misspending of resources - human and physical, has led the world to sit back and think.

  • INDUSTRIAL UPCYCLING - is the call for sustainability and for that, the following waste needs to be strategically managed.
  • PHYSICAL WASTES — Garbage and Trash
  • SOCIAL WASTE — creating opportunities without putting suitable manpower behind it/ not training the right people for the right tasks.
  • URBAN WASTE — Inadequate infrastructure, empty, unutilized, or underutilized spaces, brownfields, not necessarily needed Greenfields
  • PROCESS WASTE — Overproduction, unplanned production, overstocking, goods deteriorating in storehouses, empty trucks on the routes, etc.

This can be successfully managed with the right planning and outlook. Industry 5.0 is the answer to a happy and functional social-economic environment.

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swara-keni
Swara Keni

Head- Global Business Development

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