Fifth Industrial Revolution

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The Fifth Industrial Revolution (5IR) or Industry 5.0 is a term used by bloggers, social networks, researchers, and academics for a hypothetical next development stage after the ongoing fourth Industrial Revolution (4IR).[1] The earliest definition of Industry 5.0 was introduced on December 1, 2015 with a main focus on industrial sustainability and waste-prevention. Later adoption of Industry 5.0 involved the possible customization of manufacturing processes, production-on-demand, and human-AI collaboration.

While there is no widely agreed-upon definition or framework for the concept, technologies envisioned as part of the term include artificial intelligence, automation, quantum computing, generative AI, and the internet of things.[2][3] Other concepts associated with it include increasingly symbiotic relationships between humans and machines,[4][1][5] new technologies based on human-machine interaction,[6][7][8] and efforts towards a more fair, sustainable and just society.[1][9]

In 2020, the European Commission proposed a definition of Industry 5.0 on the basis of sustainable, worker-centered industry that allowed for human-robot and human-AI interaction.[10] This definition complements the Industry 4.0 approach, putting research and innovation at the service of the transition to a sustainable, human-centric, and resilient industry.[11] Furthermore, the emphasis would shift from solely pursuing industry goals of efficiency and productivity to recognizing and maximizing the role and contribution of industry to society as a whole, mostly in line with the original definition from 2015.[12][13][14]

On September 1, 2021, Industry 5.0, the world's first waste prevention framework and legislation, was launched simultaneously in 65 countries. On September 1, 2022, the Industry 5.0 Strategic Alliance began its operations.[citation needed]

References

INDUSTRY 5.0 DEFINITION, Michael Rada, 2017, February 03 Mirrored for better accessibility on January 21, 2018

  1. ↑ 1.0 1.1 1.2 Coelho, Pedro; Bessa, Catarina; Landeck, Jorge; Silva, Cristovão (2023). "Industry 5.0: The Arising of a Concept". Procedia Computer Science 217: 1137–1144. doi:10.1016/j.procs.2022.12.312. 
  2. ↑ B.R, Naveen. "Industry 5.0 Implementation: Opportunities and Challenges" (in en). indiachapter.in. https://indiachapter.in/index.php?/user/article/2/2/121. 
  3. ↑ Ali, Sabah Hameed; Al-Sultan, Hayder Ayad; Rubaie, Mithaq Taher Al (2022). "Fifth Industrial Revolution: (New Perspectives)". International Journal of Business, Management and Economics 3 (3): 196–212. doi:10.47747/ijbme.v3i3.694. 
  4. ↑ "How Generative AI Can Augment Human Creativity". Harvard Business Review. 2023-06-16. ISSN 0017-8012. https://hbr.org/2023/07/how-generative-ai-can-augment-human-creativity. 
  5. ↑ Sondh, Kiki. "In the 5th Industrial Revolution, creativity must meet technology" (in en). oxfordeconomics.com. https://blog.oxfordeconomics.com/world-post-covid/in-the-5th-industrial-revolution-creativity-must-meet-technology. 
  6. ↑ Rossi, Ben (7 March 2018). "What will Industry 5.0 mean for manufacturing" (in en). raconteur.net. https://www.raconteur.net/manufacturing/manufacturing-gets-personal-industry-5-0/. 
  7. ↑ "Industry 5.0 Implementation: Opportunities and Challenges" (in en). regenesys.net. 8 September 2020. https://www.regenesys.net/reginsights/the-fifth-industrial-revolution-5ir/. 
  8. ↑ "5th Industrial Revolution & its features" (in en). trainthelearner.com. 15 January 2022. https://trainthelearner.com/5th-industrial-revolution-its-features/. 
  9. ↑ "Will 5th industrial revolution shape the future of humanity?". The Korea Times. 2023-04-27. https://www.koreatimes.co.kr/www/nation/2023/04/113_349531.html. 
  10. ↑ "Industry 5.0 defined by the European commission". https://research-and-innovation.ec.europa.eu/research-area/industrial-research-and-innovation/industry-50. 
  11. ↑ Nahavandi, Saeid (2019). "Industry 5.0—A Human-Centric Solution". Sustainability 11 (16): 4371. doi:10.3390/su11164371. 
  12. ↑ "How the fifth industrial revolution will impact the future of work" (in en). theceomagazine.com. https://www.theceomagazine.com/business/innovation-technology/fifth-industrial-revolution/. 
  13. ↑ "How Covid-19 Is Driving The Evolution Of Industry 5.0" (in en). forbes.com. https://www.forbes.com/sites/forbestechcouncil/2021/12/28/how-covid-19-is-driving-the-evolution-of-industry-50/?sh=4a89e5cc2062. 
  14. ↑ Sarfraz, Zouina; Sarfraz, Azza; Iftikar, Hamza Mohammad; Akhund, Ramsha (2021). "Is COVID-19 pushing us to the Fifth Industrial Revolution (Society 5.0)?". Pakistan Journal of Medical Sciences 37 (2): 591–594. doi:10.12669/pjms.37.2.3387. PMID 33679956. 

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