Radwell International’s Blog

As technology continues to grow and expand, so does the Industrial Revolution. There are four established stages as of now, with a fifth beginning to take shape. It started with the first stage of mechanized production. During this stage, water wheels and steam engines were created, and manufacturing moved from manpower to machine power. The second stage was mass production. A major technological advancement was achieved in the form of electricity. This technological advancement allowed for the creation of assembly lines. The third stage was the Digital Revolution. Analogue electronics and mechanical devices were expanded into digital technology such as personal computers, the Internet, and information and communications technology.

Engineers play a critical role in integrating legacy systems into the digital landscape of today’s businesses. The new-age enterprises thrive on technologies such as artificial intelligence (AI) and machine learning (ML), Big Data and analytics, and robotic process automation (RPA). To optimize these technologies, organizations need to either overhaul their operations completely or make use of the existing setup and intelligently transform them as per the business needs. This makes strategizing a very important gamut of the digital transformation exercise.

A complete overhaul is not only cost-intensive but also risks compromising business continuity. As a result, organizations generally opt for the latter option and gradually transition legacy systems while keeping a close look at the lifecycle.

At its core, Industry 5.0 is about people working alongside robots and smart machines. That may evoke memories of movies about robots taking over the world. But at its core, robotics is about practicality. Robots will help humans work more efficiently and Industry 5.0 is about the co-existing and co-producing that will occur between humans and machines.