From mass production to mass personalization.
• Industry 4.0 offers mass customization – however, today consumers want more. They are looking for mass personalization, which can only be had when the human touch returns to manufacturing. This is what we call Industry 5.0.
• Industry 5.0 products empower people to realize the basic human urge to express themselves – even if they have to pay a premium price to do so. Products like these can only be made through human involvement and human engagement.
• Collaborative robots (cobots) are exactly the tools companies need to produce the personalized products consumers demand today. Cobots bring the human touch to the masses.
• By putting human beings back at the center of industrial production – aided by tools such as cobots – Industry 5.0 not only gives consumers the products they want today, but gives workers jobs that are more meaningful than factory jobs have been in well over a century.