We are already witnessing the fifth industrial revolution. The revenues of the Indian manufacturing sector will increase by 6.42 per cent over the next two years (PwC study — over 2025 and 2026).
Industry 5.0 is the next level of industrialization that focuses on collaboration between humans and machines. The aim is to create sustainable products and services. It is a tech-heavy revolution. Still, humans will be an integral part of it. In addition, it is not going to be human vs. machines. The revolution is sustainability driven.
C-suite executives from chemical, cement, textiles and clothing sectors believe that these industries would see the most significant gains from the adoption of Industry 5.0.
The industry would be vulnerable to cyber threats and hence the focus would be on building capabilities aimed at protecting from cyber threats.
Consider the smart cars. They carry a code of 100 million lines. By 2030, the code is expected to reach 300 million lines. Thus, cars are sophisticated containers of software. These provide mobility, entertainment and buying. Of course, they will be prime targets for cyber-attacks. There should be cyber security management system for the vehicles.
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