Navigating Industry 4.0 vs. Industry 5.0 in Canadian Manufacturing

Published on: March 14, 2024

As manufacturing companies strive to stay competitive, the focus is on leveraging advanced manufacturing technology solutions, especially those controlled by AI-based systems. A key consideration is whether to pursue the operational goals of Industry 4.0 or Industry 5.0.

Industry 4.0, introduced in 2011, aims to increase productivity by achieving a more flexible and efficient automated manufacturing process. On the other hand, Industry 5.0, introduced in 2019, takes innovation to the next level by delivering a more human-centric, resilient, and sustainable manufacturing industry.

By expanding the scope of data beyond a company's manufacturing operations, Industry 5.0 puts people and the environment back into the business equation. It enables both humans and machines to work together towards a more precise, dynamic, and green future. This shift from shareholder value to stakeholder value allows businesses to evolve from being focused only on economic value to societal value.

The goal is to help industrial manufacturers better position their businesses and supportive manufacturing processes to meet the near future demands from investors, employees, customers, partners, governmental authorities, and other stakeholders.

If you are a Canadian company and are ready to learn about your next opportunity in industrial manufacturing, I'd suggest contacting NGEN's AI-in-Manufacturing Association ...

" NGEN is the industry-led, non-profit organization leading Canada’s Global Innovation Cluster for Advanced Manufacturing. One of five national networks supported by Canada's ambitious Global Innovation Clusters Initiative."

CONTACT: AI4Manufacturing

Written by Robert Ziner