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INTERDEPENDENCE – INTEGRATION – CO-CREATION ON
The theme of this year’s IIC is “Industry 5.0: Challenges & Opportunities”. Industry 5.0 represents the dawn of a new era in manufacturing and production, pushing the boundaries of innovation and technological integration. Building upon the foundations laid by its predecessors, this latest industrial revolution is characterized by the seamless collaboration between humans and machines, marking a significant shift from the more automated processes of Industry 4.0.
In Industry 5.0, the emphasis is not solely on efficiency and automation but on the convergence of technology with a heightened focus on human ingenuity, creativity, and intuition. The integration of smart technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and robotics, serves as the catalyst for a more connected, responsive, and dynamic industrial ecosystem. As we navigate through the challenges and opportunities that Industry 5.0 presents, it becomes evident that this paradigm shift is not just about evolving technologies but also about redefining the very fabric of industries—placing humans at the centre, fostering collaboration, and opening up new frontiers of possibilities.
Industry 5.0 is not merely a progression; it is a revolution that beckons us to reimagine the future of production and manufacturing, where innovation knows no bounds, and the human touch is at the heart of industrial transformation. As we stand at the forefront of the fourth industrial revolution, Industry 5.0 beckons, promising a transformative journey for businesses across the globe. This conference serves as a pivotal platform for navigating the challenges and seizing the boundless opportunities that lie ahead. From the convergence of cutting-edge technologies to the reshaping of human-machine collaboration, our gathering at the conference will be dedicated to unraveling the complexities of Industry 5.0. Together, we will delve into the intricacies of this industrial evolution, fostering dialogue, sharing insights, and envisioning a future where challenges are met with innovative solutions, and opportunities are leveraged for sustainable growth.
Future of Manufacturing
Industry 5.0 represents the next evolutionary step in manufacturing, characterized by a human-centric approach that leverages advanced technologies to create a more sustainable, resilient, and personalized production paradigm. The global manufacturing landscape is undergoing a significant transformation driven by technological advancements and changing consumer preferences. While Industry 4.0 focuses on automation and digitalization, Industry 5.0 seeks to build upon these foundations by prioritizing human-machine collaboration, sustainability, and mass customization. By embracing human-centric technologies and collaborative approaches, manufacturers can unlock a new era of growth and innovation, paving the way for a more prosperous and equitable future.
Future of Services
Industry 5.0 opens up new vistas in the transformation of services as Customers expect services tailored to their specific needs and preferences, requiring a shift towards flexible and adaptable service models. Industry 5.0 demands a more holistic approach, where services become an integral part of the value chain, creating a customer-centric and data-driven ecosystem. This is primarily driven by the rise of the digital economy and technological advancement. This has also led to new business models such as subscription-based models, pay-per-use services, and outcome-based contracts to create recurring revenue streams and align their success with customer outcomes.
Emerging Frontiers of Technology
The growth in Industry 5.0 is fueled by the emergence of new technology such as Generative AI, Cobots(Collaborative Robots), Additive manufacturing, Blockchain, Industrial IoT, Development of advanced materials, Edge Computing, and Digital Twins to name a few. These enabling technologies make Industry 5.0 an advanced production model with a focus on the interaction between machines and humans.
Sustainable Growth Industry 5.0
By implementing a Technological shift, we can leverage Industry 5.0’s potential to create a more sustainable and resilient manufacturing industry. This transition will require collaboration between governments, businesses, and individuals, but the benefits of a sustainable future are worth the effort. As technology becomes more powerful, it’s crucial to ensure that it is used ethically and responsibly. Humans play a critical role in setting ethical guidelines, overseeing the development and deployment of technology, and ensuring that it is used for the benefit of society. The future of our planet depends on our ability to create a more sustainable manufacturing industry, and Industry 5.0 provides the tools and opportunities to make it happen.
Who should attend
Industry Professionals, Practitioners, Academicians, Research Scholars, Entrepreneurs, Business Owners, Bureaucrats, Industry associations, Government Agencies, Consultants and Students.
Special Event (Poster Making Competition):
The dawn of Industry 5.0 marks a transformative phase in the industrial landscape, blending the strengths of automation with the creativity and adaptability of human workers. As we stand at the intersection of technology and human-centric design, we invite you to express your perspectives, insights, and creative vision through the medium of art.
Awards:
Each year, Jaipuria Institute of Management, Lucknow celebrates outstanding institutions, organizations, individuals, and students who exemplify the vision and ideals of the Conference theme. This year we do the same to individuals and businesses pioneering Industry 5.0
Last Date to Register: February 20, 2024
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