Industry 5.0 – IoE, Automation, Cobotics, Digital and Industrial Transformation
Industry 5.0 is about industrial transformation. Fully integrated manufacturing, supply chains and humans. In simple terms, Industry 5.0 is the meshing of computers, automation and robotics in an entirely new way. It is where machines, devices, sensors and people are connected, collaborate and communicate with each other. Machines and sensors collect information, store it in a common data layer, a single point of truth such as the blockchain, and through the appropriate analytics (Artificial Intelligence), communicate actions to other machines and humans in ways that are both predictive and prescriptive. This collection of people, machines, devices, computing systems, analytics and the cloud is what we call Industry 5.0 and the Internet of Everything (IoE).
The technology choices senior leaders in manufacturing and distribution have are accelerating at a far faster rate than business, business processes, organizations and people can adapt to. The benefits, cost of implementation and failure can be enormous, therefore it is in the best interest of stakeholders to be diligent about the Industry 5.0 business strategies they create. Most digital and industrial transformation strategies fail because of a lack of thorough and holistic planning. Those strategies need a clear roadmap that has been created through a strategic planning process that is designed to support the needs of Industry 5.0. Their plans must take a building block approach, be adaptable and be scalable. For most companies, it is nearly impossible to have this strategic planning expertise on staff and they need to rely on subject matter experts who are focused on the results, not specific pieces of technology and vendors: preferably from one firm.
We have created Strategic Planning 5.0™, a strategic planning process that is focused on developing and implementing strategies that allow a company to realize ifs full Industry 5.0 potential. At Group50, we have put together a team of cross-functional Industry 5.0 subject matter experts who have deep automation and systems integration experience.
They have assessment tools, IoE libraries and technology partners at their fingertips and their mission is to stay on top of the latest Industry 5.0 and IoE best practices and technologies. Group50 has created IoE and blockchain reference architectures for industry verticals such as logistics, distribution, food processing, agriculture, aviation, Information Technology, CPG and others. Our Industry 5.0 assessments clearly define the current state and the opportunities available to create a more cost effective future state. We take the results of the assessment(s) and through our Strategic Planning 5.0 process, facilitate cross functional workshops that help a team design and plan the most cost-effective approach with the highest ROI.
At Group50 we have assembled a team and a 5-step process that is capable of
- Assessing the current state against Industry 5.0 standards
- Identifying strategic and operating gaps to those standards
- Working with your team to create an implementation roadmap and understand the ROI
- Designing and building automation
- Modeling and simulating our recommendations
- Integrating recommended machines, sensors and devices into existing systems architecture
- Utilizing our Organizational Development 5.0™ methodology, we design and development and implementing the appropriate change management strategies
- Creating the analytics platform(s) with our IoE partners
- Program and project managing the entire project from start to finish
Talk to a Group50 Industry 5.0 expert about how you can take advantage of our 5-step process for how your company can move toward Industry 5.0, today by calling (909) 949-9083, sending a note to info@group50.com or requesting more information here.
