Industry 5.0: man-machine revolution

Abstract

This paper gives an exact idea of Industrial Revolution version 5.0, and it discusses different aspects of the implementation of Industry 5.0. It is based on extreme connectivity and communication between man and machine. The high speed of change we are undergoing in this environment means that not everyone can follow. A polarized workforce, unequal income distribution, heightened cybersecurity risks, and geopolitical threats mean that flexibility is essential to be a winner in the industrial revolution. In this generation, the rapid revolutions and globalization of technologies such as robotics, Internet of Things (IoT) and Artificial intelligence (AI) are made a massive change in the world. So, the role and lifestyle of humans change according to technology revolutions. The digital transformation is bringing revolutions like the 4th Industrial revolution, the Industrial Internet which improves the personal lifestyle from time to time. This paper shows better results of Industry 5.0 over previous Industrial Revolutions. The production is limited to the supply of products adapted to the needs of the customer. The methods are created by several research and surveys. Production and process management in such conditions need new techniques and the use of new technologies to maximize the efficiency and productivity of the system. Entering the 5th industrial revolution, globally companies adopted new technologies to meet the demands of quality customers and value-added products successfully and in the production, using new techniques in transparency, smart components, smart products, time-saving, real-time product monitoring, availability of information, new software possibilities, more significant data, and information security. These are just some of the results of the adoption and use of new Technologies in companies. The implementation of Industry 5.0 brings back human to the industry again and reduce unemployment and reduce dangerous jobs, which makes overall positive development for the future society.