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Overview of Industry 5.0 on Emerging Technologies and Human and Robot Collaboration
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Author(s): Usha Prabhu (Jain University, India), P. H. Reshma Sultana (Jain University, India), Vasudha Srivatsa (Adarsh Institute of Management and Information Technology, India), R. Vennila (Jain University, India)and B. Manjunath (Jain University, India)
Copyright: 2024
Pages: 14
Source title:
Data-Driven Decision Making for Long-Term Business Success
Source Author(s)/Editor(s): Sonia Singh (Toss Global Management, UAE), S. Suman Rajest (Dhaanish Ahmed College of Engineering, India), Slim Hadoussa (Brest Business School, France), Ahmed J. Obaid (University of Kufa, Iraq)and R. Regin (SRM Institute of Science and Technology, India)
DOI: 10.4018/979-8-3693-2193-5.ch015
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Abstract
The mere idea of Industry 5.0 has lately arisen as the hope for a future industry founded on social and environmental sustainability. The proponents of Industry 5.0 argue that Industry 4.0 is not the best framework for ensuring long-term sustainability. Industry 4.0 focuses on technology-driven productivity in all spheres but neglects human intervention in the final production of the product or service; Industry 5.0 emerged by overcoming its fallacy on it. In 2015, the United Nations adopted a set of goals known as the Sustainable Development Goals (SDGs) with the aim of mobilizing all of its member states to take action to protect the environment, address social issues, and build global prosperity. It is a proactive, goal-oriented strategy that re-evaluates social, economic, and environmental expectations. There is synergy between Industry 5.0 and Society 5.0. Industry 5.0 seeks to understand the potential of big data, artificial intelligence, robots, and advanced digitalization in addressing emerging needs in the industrial, societal, and environmental.
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