This is the world of technology and rapid transition from Industry 4.0 to Industry 5.0 marks a significant shift. Industry 5.0 is reshaping workplaces. Humans and AI-powered robots are collaborating side by side. It is about automation as well as about integrating human creativity with artificial intelligence (AI) for enhancement of efficiency and innovation.
Industry 4.0 was defined by the advent of cyber-physical systems and the massive generation of data. Industry 5.0 is a step further and emphasizes the seamless cooperation between humans and machines.
We are currently generating an astonishing 1,000 petabytes of data daily. The real challenge is to transform the valuable data into information. Raw data is often a collection of unstructured points with little meaning. The ability to differentiate between mere data and actionable information is crucial in this new industrial landscape. The distinction is where the true value of Industry 5.0 lies.
Billions of digital devices and sensors today are deployed across the world and these are continuously collecting vast amounts of data. IoT devices play an important role in transmitting data from sensors to platforms. A good example is agricultural sector where soil health monitoring sensors gather data on nutrient levels such as nitrogen, phosphorus and potassium. The sensors collect data from even the most remote fields and the information remains inaccessible to farmers without IoT devices that transmit the data to experts.
The impact of IoT and sensors is not just limited to the agriculture sector. It has also touched the retail, healthcare and more. It is revolutionizing how data is managed as well as utilized. IoT devices are capturing data about a store’s operations in retail for analysis. Similarly, wearable sensors collect data on patient health in healthcare and allows for real-time monitoring.
