We are still in the midst of Industry 4.0, where manufacturing has taken on the label of “smart” through the integration of the IoT, AI, cyber-physical systems, and Cloud and cognitive computing. The basic principle behind the fourth industrial revolution is that by chaining machines, intelligent devices, and systems, manufacturers are creating smart networks throughout the value chain (from materials to production) that can control each other.
With that being said, it’s amazing that technological advancements continue to grow at an incredible speed—so much so that Industry 5.0 can already be seen on the horizon, which according to some tech visionaries, will bring an increased human touch back to manufacturing.