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AIROI - Artificial Intelligence Return on Invest
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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

19 June 2024

Industry 5.0 (Glossary)

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Industry 5.0 is at home in the areas of Industry and Factory 4.0, automation and artificial intelligence. While Industry 4.0 was characterised by the comprehensive automation and networking of production processes, Industry 5.0 goes one step further: here, humans and machines work even more closely together.

The aim of Industry 5.0 is to combine the strengths of people - such as creativity, problem solving and flexibility - with the precision and speed of robots and artificial intelligence. The aim is to make products more customised, sustainable and efficient.

An illustrative example: In a modern factory, a human designs a personalised bicycle together with an AI. The robot then customises the individual parts. The human checks everything, contributes creative ideas and adapts details to the customer's wishes.

Industry 5.0 therefore means that technology and people complement rather than replace each other. This can bring advantages for companies: They can respond better to specific customer requirements and implement new innovations more quickly. The result is production that combines human skills and technological possibilities in the best possible way.

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