WORKSHOPS & FDP ORGANIZED

“Demystifying Industry 5.0 Through Defence Projects And Academic Proposal Development Using Quality 4.0”

06.04.2022 - 11.00 am to 12.00 pm

Objective of the Event:

This event is planned to know about the Industry 4.0, an initiative from Germany, has become a globally adopted term in the past decade. Many countries have introduced similar strategic initiatives and a considerable research effort has been spent on developing and implementing some of the Industry 4.0 technologies. At the ten-year mark of the introduction of Industry 4.0, the European Commission announced Industry 5.0. Industry 4.0 is considered to be technology-driven, whereas Industry 5.0 is value-driven. The co-existence of two Industrial Revolutions invites questions and hence demands discussions and clarifications.

Benefits in terms of learning/ skill/ knowledge obtained:

Many companies are on their journey of Industry 4.0 and this journey is not to be derailed. This said, it may need to be re-purposed and/or adjusted with a more prominent consideration of some of the core values of Industry 5.0, i.e., sustainability, human-centricity and resilience. Therefore, there is, and should be, just one journey for a business. Typically, an Industry Revolution is driven by transformative technological advances, which has led to fundamental changes in how the industry functions. These changes have economic and societal consequences. However, a word of caution is that a proliferation of buzz words, such as Industry 4.0+, Industry 4.5 and even Industry 6.0 and Industry 7.0 in a not-too-distant future, may dawn upon us.

Description of the Event:

Industry 5.0 recognizes the power of industry to achieve societal goals beyond jobs and growth, to become a resilient provider of prosperity by making production respect the boundaries of our planet and placing the wellbeing of the industry worker at the center of the production process. Industry 5.0 complements the existing Industry 4.0 paradigm by having research and innovation drive the transition to a sustainable, human-centric and resilient European industry. It is apparent that Industry 5.0 results from the European Commission’s consensus on the need better to integrate social and environmental European priorities into technological innovation and shift the focus from individual technologies to a systematic approach. With the acknowledgment that technology advances transform the way value is created, exchanged and distributed, there is a pressing need for these technologies to be designed towards supporting future societal values. The advent of these changes and questions closely linked to technological innovation requires the industry to re-think its position and role in society. In addition, the political priorities in Europe have significantly shaped their thinking. The Green Deal will require a transition to a more circular economy and increased reliance on sustainable resources, including energy. The Covid-19 crisis has highlighted the need to re-think existing working methods and approaches, including the vulnerability of global supply chains, with an aim to make their industries more future-proof, resilient, sustainable and human-centric.