Industry 4.0 and Society 5.0: Opportunities and Threats

Abstract

Industry 4.0 promises to revolutionize industrial production with increased operational efficiency, the development of new business models, services and products. It enables real-time production planning and dynamic optimization in contrast to conventional forecast. The tools and technological advances developed by Industry 4.0 will have a significant role to improving the quality of life in society in order to enable a happier, motivated, and satisfied and with more time for leisure. As a consequence, it will increase productivity and the mankind will choose the direction and the kind of society we want to create in the future to promote equal wealth distribution. As consequence of Industry 4.0 emerges Society 5.0, beginning in Japan, due to the concern of the ageing population. Society 5.0 focuses on the use of tools and technologies developed by Industry 4.0 to benefit the humankind. Intelligent systems, developed by Industry 4.0, could be seen by society as a beneficial rather than as adversaries. Future society could benefit from advanced technology in solving problems and economically. Society 5.0 has a special focus to position the human being at the centre of innovation, technological transformation and industrial automation, stimulated by Industry 4.0. This new Society 5.0 paradigm will play a predominant role in creating a happier, satisfied, fulfilled and consequently more productive society. Society 5.0, also called the super intelligent society, intends to use advanced technology of Industry 4.0 for enjoyment of humankind, in order to promote an interconnection between people and systems in cyberspace with optimization of results by artificial intelligence.

Society 5.0 and Financial Integration in Developed Countries

“…From 1.0 to 5.0, these changes have occurred. The term "community 5.0" is new, and its goal is to improve people's quality of life (Pereira et al, 2020). But before we explain this, it's important to give a brief explanation of what other industrial revolutions are; Industry 1.0: Thomas Newcomen invented the first major technology, the steam engine, in 1712.…”

“…While many countries attempt to adapt to Industry 4.0, Japan, a developed country, is heading toward Society 5.0 thanks to its advanced technologies. This attempts to develop a super-intelligent civilization that can be managed without humans (Pereira et al, 2020).…”

“…Unlike Industry 4.0, however, it covers not only industrial production, but also the issues closely related to society such as health, transportation and security services, agriculture, finance, energy and food production (Öztürk & Ateş, 2021). But it has to be said that the technological developments could allow for an even better quality of life, an even easier way of life, while at the same time leading to an unequal distribution of employment and wealth (Pereira et al, 2020).…”

The Empirical Analysis of Industrial Work Challenges in the Industrial Revolution 5.0 Towards a Grade Point Average (GPA) for Electronic Engineering Education Students

“…Currently, the concept of industry 5.0 is slowly being introduced in the world. Society 5.0 is the concept of society introduced by the Japanese goverment [1]. When the industrial revolution 4.0 focused on developing the internet, industry 5.0 saw more of the rise of society.…”

Security Challenges in Industry 4.0 PLC Systems

“…The road to reach such goal is, however, very difficult, following from the nature of the Industry 4.0 concept. Such transformation imposes not only technological challenges but also organizational [10,11] and sociological [12][13][14] ones. While aiming to achieve a higher level of automatization and operational productivity [15], the Industry 4.0 concept requires vast computerization, inter-connection and horizontal and vertical integration in the traditional industry [4].…”