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The IUP Journal of Information Technology

Industry 4.0 and Society 5.0: Drivers and Challenges

Article Details

Pub. Date	: Mar, 2022
Product Name	: The IUP Journal of Information Technology
Product Type	: Article
Product Code	: IJIT30322
Author Name	:Rupen Trehan, Rishabh Machhan, Perminderjit Singh and Kuldip Singh Sangwan
Availability	: YES
Subject/Domain	: Engineering
Download Format	: PDF Format
No. of Pages	: 19

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Abstract

The Fourth Industrial Revolution, or Industry 4.0, is the future of today's industry while a few countries are working on ways to face the challenges, there are some countries where the awareness associated with it, is still not sufficient for adoption. A country like Japan, which has implemented the Industry 4.0 concept entirely, is now working on the challenges for fifth revolution. Society 5.0 is an inventive concept derived from Industry 4.0. It seems similar but the difference is that the Fourth Industrial Revolution gives more power to the machine for making decisions. On the other hand, Society 5.0 primarily uses the same technologies, but the center of the focus is humankind. It will help people to live prosperously, and consequently ensure a more fruitful society. This paper presents the essential drivers and the challenges for Industry 4.0 and Society 5.0 based on an exhaustive literature review.

Introduction

In Fourth Industrial Revolution (Industry 4.0), there are many techniques, but digitalization, automation and cloud computing are the crucial segments of it. These digital techniques have overcome the traditional mode of operations. A number of functions which can be evolved due to integration of factors with the prevailing equipment are monitoring, automation and self-analysis of flaws. Innovation and technological changes have given birth to Industry 4.0 (Bauer et al., 2015). Industry 4.0 follows the first three industrial revolutions. Mechanization and electrification of manufacturing processes were the key focus areas of the first two industrial revolutions whereas the Third Industrial Revolution is concerned with the boom in automation and information (Bauernhansl et al., 2014).

A smooth flow of communication and a close network of machinery (machines and sensors) and infrastructure (constrained locations with information generation systems)