Ready Or Not, Industry 5.0 Is Upon Us

While manufacturers are still busy interconnecting machines, processes, and systems to improve efficiency and productivity, Industry 5.0 promises to take it a step further. It aims at refining the collaborative interactions between humans and machines

- Sudheesh Narayanan

It is estimated that by 2023, manufacturers will reduce on-site personnel by 30 per cent, utilizing Machine Vision and AR/VR to scale offsite expertise to onsite, delivering engineering and maintenance support from anywhere.

Emerging trends in the AI-enabled Vision Analytics space

In fact, AR/VR technologies are one of the key technology disruptors that are transforming today’s business landscape. Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR) have become a catchphrase in the digital era, extending the normal user experience to a whole new level. The possibilities are endless; businesses can build:

Total, 360-degree Immersive Experience

Environment manipulation

Dissipate barriers between the real and virtual

Enable rich flow of information between environments

Discover innovative ideas and solutions, faster

New business demands and requirements

Business stakeholders must now identify new business models and avenues for engagement to leverage their data and information assets and enable a full-scale digital transformation. Sustaining and managing business continuity relies on a secure Industrial IoT platform built to address Industry 5.0 market demands. In terms of the infrastructure and software needed to augment this trend, it becomes imperative that businesses adopt an AI/ML-driven Analytics strategy with streamlined data management systems that further secure IT-OT integration while ensuring AI-driven Edge capabilities.

Unifying Human and Machine Intelligence