Industry 4.0 to Industry 5.0: A Paradigm Shift towards Sustainable and Human Centric Production

Jyoti  Singh; Krishna Kumar  Verma

doi:10.21844/crr.v1i02.1114

Jyoti Singh Research Scholar, Department of Commerce, Hemvati Nandan Bahuguna Garhwal University, SRT Campus, Tehri, Uttarakhand
Krishna Kumar Verma Professor, Department of Commerce, Hemvati Nandan Bahuguna Garhwal University, SRT Campus, Tehri, Uttarakhand

DOI: https://doi.org/10.21844/crr.v1i02.1114

Keywords: Industry 5.0, Industry 4.0, Digitalisation, Artificial Intelligence, Cloud Environment, Smart Hospital

Abstract

During the period of the Industry 4.0 revolution which was started in 2011 with the aim of various benefits in the form of mass production and initiation of robot mechanization during the more than 10 years of life span. In spite of the benefits, there are many shortcomings in the Industry 4.0 revolution. Finally, the Industry 5.0 revolution has taken place for the development of industry life with the help of new developments in the industry revolution. The industrial fifth revolution is known as Industry 5.0. The term Industry 5.0 refers to people
working with robots and smart machines. It involves robots assisting humans in working more efficiently by utilizing advancements in technology, such as big data analytics This paper discusses the development of all industrial revolutions and differentiates between Industry 4.0 and Industry 5.0. The technologies adopted by Industry 5.0 are analytics of big data, the Internet of Things, Collaborative robots, Blockchain, digital twins, and future 6G systems are discussed in this article. Industry 5.0 outlined three primary pillars-human-centric, resilient, and sustainable. Every business strategy is anticipated to be impacted by all three of them. The creative applications Industry 5.0 involved are Disaster Recovery Management Plans, Smart Education, Supply Chain Management, Smart Hospital, Cloud Environment, and Production Management.