The road to Industry 5.0 is your data and AI

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Many industries that rely on physical assets, from construction to manufacturing, to energy & utilities, are still working to fully realize the benefits of Industry 4.0. But the data they are gathering now will help them build that next step, cementing the foundations of Industry 5.0.

Industry 4.0, or the Fourth Industrial Revolution (FIR), is a concept that has been around since the mid-2010s when Klaus Schwab at WEF coined the term. This revolution was rooted in digitalization and the implementation of digital transformation. This was marked by using connected devices, data analytics, and automation for process-driven shifts. Combined, these digital elements play a huge role in our everyday lives, whether we’re at work or at home. Industry 5.0 is the next rung on that digital ladder and the natural progression to what we’ve learned so far.

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