Why Industry 5.0? Its main element: people-centeredness.
The term Industry 5.0, coined by the European Commission, came about as a concept complementary to Industry 4.0.
Industry 5.0 — the Fifth Industrial Revolution — is a new development paradigm introduced by the European Commission. It advocates the fostering of industrial activity that transcends technical and economic objectives such as productivity and efficiency. Industry 5.0 seeks to promote other purposes that are also essential for the future of the sector, i.e., human well-being, sustainability, and resilience.
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Differences between Industry 4.0 and Industry 5.0
Industry 5.0 isn’t an evolution of Industry 4.0, nor is it an alternative paradigm designed to replace it. In a way, it’s a wake-up call in terms of the direction Industry 4.0 has taken. According to the European Commission, the Fourth Industrial Revolution was focused primarily on process digitization and the use of artificial intelligence (AI) to boost productivity and efficiency. Among its priorities, it relegated the role of workers involved in the industrial fabric and promoted the transition towards more sustainable development models.
Industry 5.0, on the other hand, brings back the human factor, placing employees at the center of the production process. According to this premise, technology should be at the service of humans — not the other way around — with the aim of moving towards a scenario of full machine-human collaboration. In other words, Industry 4.0 is based on interconnectivity between machines and IT systems, while Industry 5.0 looks to combine the roles of humans and machines to complement and enhance each other’s strengths.
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Industry 5.0 meets Society 5.0 (S 5.0)
The EU Commission’s idea of a new industry is closely linked to the idea of a new society. In their paper, the experts involved refer to the concept of “Society 5.0” coined in Japan. It aims to create a balance between economic development and the solution of important social and ecological problems. The technologies that play a role here are precisely those which have so far been primarily referred to the economic sector under the buzzword “Industry 4.0”.
Society 5.0 is a society in which advanced IT technologies, Internet of Things, robots, artificial intelligence and augmented reality are actively used in every day life, industry, healthcare and other spheres of activity, not primarily for economic advantage but for the benefit and convenience of each citizen.
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Society 5.0 is more about humans.
Japan is aiming to create a "Super Smart Society" that will make people's lives more comfortable and sustainable. The country believes that Society 5.0 could change the world in terms of healthcare, mobility, infrastructure and fintech.
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