Changes and improvements in Industry 5.0: A strategic approach to overcome the challenges of Industry 4.0

Abstract

Industry 4.0 has introduced new technological advances such as Additive Manufacturing (AM), Artificial Intelligence (AI), Augmented Reality (AR), Cyber–physical systems (CPS), Blockchain, Cybersecurity and many more. It is also helping organisations to take on challenges like demand fluctuations and market volatility. Industry 4.0 is also the interconnection of computers, materials, and AI with minimal human intervention in decision-making. Although Industry 4.0 has tremendous potential for industrial growth, it has many challenges, such as technical integration, human resource issue, supply chain issues and data security. These challenges are expected to be addressed in the future by Industry 5.0 Industry 5.0 introduced various new technologies such as Predictive maintenance, Hyper customisation in the Industry, Cyber–Physical Cognitive systems, and the introduction of Collaborative Robots. Industry 5.0, with its human-centric approach, helped overcome the various challenges of Industry 4.0. In Industry 4.0, the focus was on sustainability and production volume, whereas in Industry 5.0, the primary focus is on human centricity. This paper’s literature review has been done by considering the findings and results discussed in various latest literature. We have listed various technological developments in Industry 5.0 and the advancements to the technologies of Industry 4.0. Industry 5.0 has tackled various issues faced in Industry 4.0, such as data privacy and technical integration issues. Resilience is also one of the critical aspects of Industry 5.0, which contributed towards hyper individualisation and helped make individualised products with specific user needs. This study would provide a base for the researchers and industries to get acquainted with Industry 4.0 technologies, their challenges, the technological advances, and the ways Industry 5.0 overcame the challenges of Industry 4.0. This paper also lists the recent application of these technologies, which would provide an idea of how these technologies can be implemented. Further, the limitations of these studies have been listed, providing an opportunity for future research in this domain. This paper provides a structured review of the technologies of Industry 4.0, the challenges they faced and how they can be removed through the technological advancements of Industry 5.0.