Abstract
Industry 5.0 is a term used to describe how the manufacturing industry is being modernized and how human and machine collaboration is being fostered to increase efficiency and speed up results. By integrating digital technologies, this revolutionary transformation not only creates tailored goods that increase customer happiness but also establishes a new paradigm in supply chain management and manufacturing. Complex problems are addressed by using artificial intelligence and machine learning to the analysis of large amounts of manufacturing data. Gaining a competitive edge and promoting economic growth requires embracing IoT and the Industry 5.0 phenomenon in today's fast-paced corporate environment, which is defined by technical breakthroughs and globalization. Because they work in unison with human intelligence, robotics' contribution to this revolution enhances the accuracy of computation and prediction in industrial automation systems. In the age of technology, rapid changes are driving the development of mass customization and smart manufacturing, with robots playing a crucial role in enhancing human talents. This essay examines the historical background of industrial revolutions and the effects of Industry 4.0 and Industry 5.0 on society and manufacturing. It also highlights the salient characteristics and potential applications of these next industrial revolutions, culminating in a summary of the differences between Industry 4.0 and Industry 5.0.
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