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Industry 5.0: The Future of the Industrial EconomyНазвание: Industry 5.0: The Future of the Industrial Economy
Автор: Uthayan Elangovan
Издательство: CRC Press
Год: 2022
Страниц: 151
Язык: английский
Формат: pdf (true)
Размер: 10.2 MB

Technology has created innovative new prospects for manufacturing industries with Industry 4.0 and has helped further the growth of the manufacturing sector. This book focuses on the next stage which is Industry 5.0 and the steps in taking automation to that next level by increasing processes, operational efficiency, and reducing workforce size.

Industry 5.0: The Future of the Industrial Economy discusses the integration of product, process, machine, software, and industrial robots in realizing Industrial 5.0. It covers the dual integration of human intelligence with machine intelligence and talks about the results of making use of Industrial Internet of Things (IIoT) and Artificial Intelligence (AI). The creation of a new category of robots named Collaborative Robots (Cobots) specifically designed to speed up the manufacturing process and profitability is explored. The book also provides how to reduce waste in product design through the manufacturing process and offers more personalized and customized products for customers.

The application of computers and automation in Industry 3.0 opened new possibilities for advancement in industries with smart as well as self-governing systems fueled by data and machine learning, what is being called now as Industry 4.0 or the fourth industrial revolution. Today, in the smart connected world, automation no more indicates stand-alone robots running independently of each other rather; industrial markets are seeing much more robust, automation solutions, which take advantage of Big Data, the industrial Internet of Things (IIoT) and data analytics. By integrating software and hardware, manufacturers can maintain a comprehensive control over their entire operation. The real power of Industry 4.0 lies in the integration of cyber-physical systems with IIoT, which makes the smart manufacturing facility a fact. Emerging smart machines that are getting smarter as they get accessibility to more data and manufacturing procedures will become even more effective.

Fifth industrial revolution: The future of the industries is all about progress. Industry 4.0 is still the most preferred technology among the manufacturers. The manufacturers of small and medium sized enterprises have either partially or completely incorporated Industry 3.0 and Industry 4.0, and are eager to introduce more technological improvements. Hot progression in Artificial Intelligence (AI), robotics, ML, data analytics, among others, is causing the birth of the fifth industrial revolution or Industry 5.0. It will be an AI transformation with other innovations such as quantum computing and integrating people, process, machines and environment with each other. Robotics is becoming more vital as it can now be paired with the human mind using advancement in AI. A strong need to increase the productivity while not removing human employees from the manufacturing industry is imposing new challenges on the global industrial economic situation. Industry 5.0 will integrate humans and machines to exploit the human mental ability and creativity even better and to improve the process performance by integrating process with smart systems.

Manufacturing, design, industrial and mechanical engineers, as well as practicing professionals will find this book of interest. Management executives, CIO, CEO, IT professionals, and academics, will also find something of value in this book that takes Industry 4.0 to Industry 5.0 and beyond.

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