Industry 5.0 The Future of the Industrial Economy

Technology has created innovative new prospects for manufacturing industries with Industry 4.0 and has helped further the growth of the manufacturing sector. This book focuses on the next stage, which is Industry 5.0, and the steps in taking automation to that next level by increasing processes and operational efficiency, as well as reducing workforce size. Industry 5.0: The Future of the Industrial Economy discusses the integration of product, process, machine, software, and industrial robots in realizing Industry 5.0. It covers the dual integration of human intelligence with machine intelligence and reviews the results of making use of Industrial Internet of Things (IIoT) and Artificial Intelligence (AI). The creation of a new category of robots named Collaborative Robots (Cobots) specifically designed to speed up the manufacturing process and profitability is explored. This book also explores how to reduce waste in product design through the manufacturing process and offers more personalized and customized products for customers. Manufacturing, design, industrial, and mechanical engineers, as well as practicing professionals, will find this book of interest. Management executives, CIOs, CEOs, IT professionals, and academics will also find something of value in this book that takes Industry 4.0 to Industry 5.0 and beyond.

1. Industrial Transformation. 2. Engineering and Manufacturing Transformation. 3. Technological Innovations of Industrial Revolution 3.0 to 5.0. 4. Transformation in Automotive Sector. 5. Transformation in Hi-Tech Electronics Industrial Sector. 6. Transformation in Process and Industrial Manufacturing Sectors. 7. Upgradation of Industry 4.0 to Industry 5.0.

Uthayan Elangovan has 17 years of dynamic experience, which ranges from product lifecycle management (PLM) to Industrial Internet of Things (IIoT) consulting for assorted scope of associations, including automotive, electrical, medical, industrial, and electronics enterprises. He helps and leads PLM, IIoT usage, and sub ventures and with cutting-edge collaboration tools and techniques, he gives consultations to worldwide clients. Energetic about PLM, IIoT, and its effect on product development guaranteeing PLM, IIoT system meets client deliverables while supporting business process. His interest in making technological advancement in automation influenced him to write his first book "Smart Automation to Smart Manufacturing – Industrial Internet of Things", which was named as one of the Best Manufacturing Automation books of all time by BookAuthority. His passion towards PLM and IIoT influence him to author his second publication "Product Lifecycle Management (PLM): A Digital Journey Using Industrial Internet of Things (IIoT)", which was named as one of the Best Industrial Management books of all time, New Industrial Management books to be read in 2021 and New Product Design books to be read in 2021 by BookAuthority. He holds bachelor’s degree in mechanical engineering from Kongu Engineering College and master’s degree in computer-integrated manufacturing from PSG College of Technology. He currently resides in Tamil Nadu, India, and is practicing as consultant PLM and IIoT, providing business and education consulting through his consulting firm – Neel SMARTEC Consulting.