Industry 4.0 and Industry 5.0—Inception, conception and perception

🤖 Plain-English Summary

Industry 4.0, an initiative from Germany, has become a globally adopted term in the past decade. We have elected to use five of these questions to structure our arguments and tried to be unbiased for the selection of the sources of information and for the discussions around the key issues.

🔑 Key Findings

• Many countries have introduced similar strategic initiatives, and a considerable research effort has been spent on developing and implementing some of the Industry 4.0 technologies.
• At the ten-year mark of the introduction of Industry 4.0, the European Commission announced Industry 5.0.
• Industry 4.0 is considered to be technology-driven, whereas Industry 5.0 is value-driven.

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