When the Industry 5.0 buzzword first appeared on the industrial horizon half-a-decade ago, the world was busy with Industry 4.0 where digital transformation initiatives defined progress and enterprises sought to make operations more agile and connected. Technology keywords that characterized this era of innovation such as artificial intelligence, automation, big data analytics, machine learning and internet of things, are actively driving transformation. More importantly, these are the very pillars around which Industry 5.0 would drive the next phase of change – where people and machines work together to create enterprises that are more human centric, focused more on sustainability and are stronger and resilient.
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