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Description of  Industry 5.0: The Future of the Industrial Economy

Technology has created innovative new prospects for manufacturing industries with Industry 4.0 and has helped further the growth of the manufacturing sector. This book focuses on the next stage which is Industry 5.0 and the steps in taking automation to that next level by increasing processes, operational efficiency, and reducing workforce size. Industry 5.0: The Future of the Industrial Economy discusses the integration of product, process, machine, software, and industrial robots in realizing Industrial 5.0. It covers the dual integration of human intelligence with machine intelligence and talks about the results of making use of Industrial Internet of Things (IIoT) and Artificial Intelligence (AI). The creation of a new category of robots named Collaborative Robots (Cobots) specifically designed to speed up the manufacturing process and profitability is explored. The book also provides how to reduce waste in product design through the manufacturing process and offers more personalized and customized products for customers. Read more