Cobots and Digital Twins are Ushering in Industry 5.0

Authors

  • CMA Mani P. Sam Professor Rajagiri Business School Kochi

DOI:

https://doi.org/10.33516/maj.v57i10.77-79p

Abstract

Digital transformation disrupted both manufacturing and services. Implementation of Industry 4.0 and its equivalents resulted in smart factories, intelligent automation, and robots working as colleagues of humans. Digital twins facilitate seamless integration of physical and virtual workspaces. However, there is a need to incorporate sustainability and a focus on human well being and Industry 5.0 champions this holistic approach.

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Published

2022-10-01

How to Cite

Sam, C. M. P. (2022). Cobots and Digital Twins are Ushering in Industry 5.0. The Management Accountant Journal, 57(10), 77–79. https://doi.org/10.33516/maj.v57i10.77-79p

Issue

Volume 57, Issue 10, October 2022

Section

Industry 5.0
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Europe PMC

References

Unlocking the Potential of Digital Twins in Supply Chains by Özden Tozanli and Maria Jesús Saénz; Sloan Management review August 18, 2022 (https://sloanreview. mit.edu)

“25 Years Ago I Coined the Phrase “Triple Bottom Line.” Here’s Why It’s Time to Rethink It. “By John Elkington, Harvard Business Review , June 2018

Industry 5.0 : A Transformative Brief for Europe , ESIR Policy Brief no. 3

Enabling Technologies for Industry 5.0 ; Julian Muller , September 2020