Metamorphosis of marketing in the industry 5.0 ephoc.

 Metamorphosis of marketing in the industry 5.0 epoch.

 
Need of industry 5.0

• Industry 4.0 emphasis on the connecting all machines and men but never thought of collapse of the entire network(Özdemir, V., & Hekim, N,2018).
• The connected environment leads to monopolies the power and control structure (Özdemir, V., & Hekim, N,2018).
• Too much of automation raises the question of proper maintenance(Özdemir, V., & Hekim, N,2018).
• The collapse of network of connected devices due to hacking and viruses were not addressed in the industry 4.0(Özdemir, V., & Hekim, N,2018).

Definitions:

Industry 5.0 require human touch to have mass personalization probably desired by the future generation(Esben, EE publishers,2019)

Attributes of Industry 5.0
Industry 5.0 adds human value to the manufacturing(Esben, EE publishers,2019)
Industry 5.0 allows individuals to express themselves(Esben, EE publishers,2019).
Industry 5.0 focuses on interaction between man and machine(Marchell, Linkedin, 2018)

Industry 5.0 and society
1. Distributed robots.(Skobelev, P. O., & Borovik, S. Y, 2017).
2. Internet of everything(Internet of things and People.(Skobelev, P. O., & Borovik, S. Y, 2017)
3. Multi agent systems.(Skobelev, P. O., & Borovik, S. Y, 2017)
4. Ontology.(Skobelev, P. O., & Borovik, S. Y, 2017)
5. Complex adaptive systems.(Skobelev, P. O., & Borovik, S. Y, 2017)
6. Emergent intelligence.(Skobelev, P. O., & Borovik, S. Y, 2017)
7. Evergetics.(Skobelev, P. O., & Borovik, S. Y, 2017)

6R Methodology in the industry 5.0
1. recognize(Michel Rada, Medium.com,2018)
2. reconsider(Michel Rada, Medium.com,2018)
3. Realize(Michel Rada, Medium.com,2018)
4. reduce(Michel Rada, Medium.com,2018)
5. Reuse(Michel Rada, Medium.com,2018)
6. Recycle(Michel Rada, Medium.com,2018)

Human Machine Interface: 
In the industry 5.0 men and robots will work together and share their learning to improve their performance. These collaborative robots are called as Cobots. These cobots will work in tandem with humans to increase the productivity and completion of the task(Manufacturing.net, 2018)

Customer will select their size, color, cloth, variety and other features and manufacturing process will continue later(Manufacturing.net, 2018)
industry 5.0 will provide more meaningful wok to human beings(Manufacturing.net, 2018)

Advantages of cobots to Industry 5.0

1. Cobots will product high quality product at cheaper rate(ISA, 2019)
2. Cobots will bring consistency in the quality of products.(ISA, 2019)
3. Cobota will generate quality data for artificial intelligence(ISA, 2019)
4. cobots costis are same across the globe thus may result in the end of BPO, KPO and EPO jobs.(ISA, 2019)

Impact of Industry 5.0 on macro-environment
1. Industry 5.0 will affect ecology, economy and environment(Global electronics service, 2017)
2. Industry 5.0 is expected to have zero waste management system. Thus it will reduce the pollution(Global electronics service, 2017).




Reference:
Journal References; 

1. Özdemir, V., & Hekim, N. (2018). Birth of industry 5.0: Making sense of big data with artificial intelligence,“the internet of things” and next-generation technology policy. Omics: a journal of integrative biology, 22(1), 65-76.
2. Skobelev, P. O., & Borovik, S. Y. (2017). On the way from Industry 4.0 to Industry 5.0: from digital manufacturing to digital society. International Scientific Journal Industry 4.0, 2(6), 307-311.

Website references: 

1. Factory Automation: Welcome to Industry 5.0 - ISA . (2019). Isa.org. Retrieved 10 May 2019, from https://www.isa.org/intech/20180403/
2. Welcome to industry 5.0: The “human touch” revolution is now under way - EE Publishers. (2019). EE Publishers. Retrieved 4 May 2019, from https://www.ee.co.za/article/welcome-to-industry-5-0-the-human-touch-revolution-is-now-under-way.html
3.  What is Industry 5.0?. (2018). Linkedin.com. Retrieved 4 May 2019, from https://www.linkedin.com/pulse/what-industry-50-dr-marcell-vollmer/
4.  INDUSTRY 5.0 definition. (2018). Medium. Retrieved 4 May 2019, from https://medium.com/@michael.rada/industry-5-0-definition-6a2f9922dc48
5. What Is Manufacturing 5.0?. (2018). Manufacturing.net. Retrieved 10 May 2019, from https://www.manufacturing.net/article/2018/06/what-manufacturing-50

6. What Is Industry 5.0 — and How Will It Affect Manufacturers? - Global Electronic Services. (2017). Global Electronic Services. Retrieved 11 May 2019, from https://blog.gesrepair.com/2017/09/19/industry-5-0-will-affect-manufacturers/