What would make Industry 5.0 relevant since Industry 4.0 has everything that one can ask for?

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With the advent of Internet of Things, and using low-latency communication, it appears that innovation in industry is coming to a standstill.
What, in your opinion, would be the next big thing in the manufacturing industry?

Dr. Qazi Mamoon
79 months ago

1 answer

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Qazi Mamoon, this is a very interesting question.
New discoveries are usually incremental, based on improvements on what was once an innovation that became mainstream. Or, as Sir Isaac Newton and others before him said: "If I have seen further, it is by standing on the shoulders of giants."
Industry 1.0 had everything anyone could ask for when the steam engine was invented in the 18th century. Who could have imagined today's electrified world or the Internet at that time?
While we can not predict what new knowledge will come about as a result of the new, presently disruptive technologies, it is always exciting to imagine what the future could look like.
One breakthrough that I personally beleive will change industry (including manufacturing) and human lives more than any other invention in history is solving the energy issue.
Abundant, cheap, clean and safe energy source(s) will cause the end of the world as we know it, with socio-economic effect unlike anything witnessed in human history. A major breakthrough in nuclear fusion technology could make this a reality in not so distant future, for example. One of the benefits could be cheap production of fresh water, which is a finite resource that holds potential of becoming a key policy driver even more so than fossil fuels, if not pre-emptively addressed.
Another major disruption could be caused by the reinvention of capital, specifically store of value and ownership. Revolutions, industrial or otherwise, are rooted in economic interests and disparities of influence leading to creation of classes, which is on one side counter to human ethics and on the other side a primal human instict for survival. Technology holds a potential to completely upend this paradigm by making all middlemen obsolete as tools for control and distribution of value (banks, governments, brokers, large centralized corporations...), either enabling a true democracy or creating anarchy.
And, of course, I am still hoping to see flying cars in my lifetime.

Jerry Nonkovic
79 months ago
Great thought Jerry. Industry 5.0 could be defined by the movement away from fossl fuels, and using cleaner energy sources for production. Novel economics can cause a major disruption in not just manfacturing, but throughout the value chain. - Dr. Qazi 78 months ago

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