Tinku Malayil Jose India has been on the journey of emerging as the world’s manufacturing hub, and technological innovations have only acted as a catalyst for this evolution. The Industry 4.0 revolution, aided by connectivity, played a critical role in increasing the efficiency in productivity, effectiveness, and quality of offerings by businesses across the spectrum. With the introduction of 5G, this will further accelerate. The companies that adopted the principles of Industry 4.0 accelerated their digital transformation to make their business processes more efficient, accurate, reliable, and predictable. However, with Industry 5.0 fast catching up today, it is more than just about efficiency in manufacturing. The next chapter of the great industrial revolution will progressively focus on human-centricity, resilience, and sustainability. It will increasingly deal with human-robot collaboration, cognitive systems, and customization in terms of personalization or hyper-personalization. The new wave of these technical innovations will elevate the overall user experience with sustainability as its core. To align with these paradigm shifts, it will become imperative for companies to adapt their corporate culture and change their ways of thinking. They must thoroughly review their current operations to re-evaluate their organizational structures and more extensive business plans. The new wave […]
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