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What is Industry 5.0?

The term Industry 5.0 was coined during the last 6 years. However, what does it mean? Is Industry 5.0 the fifth industrial evolution? What is the difference between Industry 4.0 and 5.0? Is Industry 5.0 the true evolution? What could be the fifth industrial revolution? Please leave your thoughts on this topic in the comments and to support my efforts: please give the video a thumbs up, please subscribe to the channel, and ring the bell to stay informed about future videos. If you want to know more about Industry 5.0 and 4.0: ► The World of NDE 4.0 – Let the Journey Begin https://www.amazon.com/dp/B09DZXQ3Z1 ► NDE 4.0 - A Design Thinking Perspective https://rdcu.be/cc0Tb ► Digitization, Digitalization, and Digital Transformation https://doi.org/10.1007/978-3-030-482... ► The Core of the Fourth Revolutions: IIoT, Digital Twin, and Cyber-Physical Loops https://rdcu.be/cljIq ► Cyber-Physical Loops as Drivers of Value Creation in NDE 4.0 https://rdcu.be/cnIn0 ► NDE Perception And Emerging Reality: NDE 4.0 Value Extraction https://mydigitalpublication.com/publ... ► Handbook of NDE 4.0 https://doi.org/10.1007/978-3-030-482... ► International Conference on NDE 4.0 https://2022.nde40.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Links to the individual sections of this video: 0:00 Welcome 1:03 The Industrial Revolutions 3:52 How the Revolutions Helped to Climb the Hierarchy of Needs 5:36 Industry 4.0 6:53 What is Industry 5.0? 7:04 Michael Rada: From Virtual to Physical 8:13 Esben Østergaard: Return of the Human Touch 8:44 Cabe Atwell: Yes, Industry 5.0 is Already on the Horizon 9:49 Esben Østergaard: Welcome to Industry 5.0 10:18 Further Industry 5.0 Ideas 11:40 European Commission on Industry 5.0 13:10 Is Industry 5.0 the Fifth Industrial Revolution? 14:30 Cabe Atwell: Industry Versioning Control 15:26 Michael Rada: Evolution, not Revolution 16:37 Singh and Vrana on Industry 5.0 17:26 Summary 17:54 What is the Fifth Industrial Revolution? 18:20 Benedikt Herles: The Next Industrial Revolution is Biologic 19:50 Fifth Industrial Revolution 21:15 Final Thoughts ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ NDE 4.0 Videos: ► Welcome to the World of NDE 4.0    • Welcome to the World of NDE 4.0   ► The Four Industrial Revolutions    • The Four Industrial Revolutions   ► The Four NDE Revolutions    • The Four NDE Revolutions   ► Top 5 Scary Opinions on NDE / NDT    • The Top 5 Scary Opinions on NDE / NDT   ► What is NDE 4.0? - The major use cases for NDE 4.0    • What is NDE 4.0? - The major use case...   ► The WHY of Industrie and NDE 4.0    • The WHY of Industrie and NDE 4.0   ► The WHY of NDE 4.0 @ Ripi Singh    • The WHY of NDE 4.0 @ Ripi Singh   ► Why do "I" need NDE 4.0? - A discussion on the Why of NDE 4.0    • Why do "I" need NDE 4.0? - A discussi...   ► Semantic Interoperability using Ontologies and Information Models    • Semantic Interoperability using Ontol...   ► The Idea of the Digital Twin    • The Idea of the Digital Twin   ► Basics of Data Security    • Basics of Data Security   ► Digitization, Digitalization, Digital Transformation, Informatization    • Digitization, Digitalization, Digital...   ► Why Proprietary Data Formats and Interfaces Hurt AND Why Data Transparency and Ownership are Key    • Why Proprietary Data Formats and Inte...   ► What is the Industrial Internet of Things (IIoT) and How to Integrate NDE    • What is the Industrial Internet of Th...   ► IIoT Core Connectivity Standards    • IIoT Core Connectivity Standards and ...   ► IIoT vs. Big Files in NDE: DICONDE    • IIoT vs. Big Files in NDE: DICONDE   ► How to Ensure Data Security and Ownership in the IIoT and in the Connected World    • How to Ensure Data Security and Owner...   ► The Value Generation Engine for Industry 4.0 and NDE 4.0: The Cyber-Physical Loop    • The Value Generation Engine for Indus...   ► We don‘t need NDT. A couple of sensors will do a better job!?    • We don‘t need NDT. A couple of sensor...   ► NDT: Unnecessary Cost Factor!?    • NDT: Unnecessary Cost Factor!?   ► Value Creation using Cyber-Physical Loops    • Value Creation using Cyber-Physical L...   ► NDE 4.0 Ecosystem, its Core Stakeholder, and Value Chains    • How YOU are Integrated into the NDE/N...   ► The Top 5 Scary Myths on Digital Twins    • The Top 5 Scary Myths on Digital Twins   ► Digital Twin: A Fancy 3D Visualization!?!    • Digital Twin: A Fancy 3D Visualizatio...   ► What is Industry 5.0?    • What is Industry 5.0?   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ UT Videos:    • Ultrasonic Testing   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ If you want to reach me (Johannes Vrana) or my company (Vrana GmbH): https://vrana.net/   / jvrana     / vranagmbh     / ndeconsulting   https://www.xing.com/profile/Johannes... ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ #Industry50 #Industry40 #NDE40 #Purpose #IndustrialUpcycling #HumanTouch