Grow Digital 23 - Industry 5.0

Summary

The discussion centers on the evolution from Industry 4.0 to Industry 5.0, emphasizing human-centricity, sustainability, and resilience through digital technologies. Panelists highlight the need to see workers as investments, utilize digital tools for sustainability, and create flexible supply chains. They address the importance of skills development, collaboration between academia and industry, and the need for supportive regulatory frameworks. The conversation also touches on the global race in adopting these principles and the challenges of implementation. Overall, Industry 5.0 aims to balance productivity with societal and environmental responsibilities.

Takeaways

• 🚀 Innovative companies are leveraging digital technologies to enhance creativity and drive innovation within their workforce.
• 🌍 Industry 5.0 is centered around three interlinked pillars: human-centricity, sustainability, and flexibility to enhance company resilience.
• 💼 Human-centricity involves viewing workers as investments and using digital technologies to empower them and drive change.
• 🌱 Sustainability focuses on using digital technologies to develop full product lifecycle processes that promote doing more with less.
• ⚙️ Flexibility and resilience are essential to adapt to disruptions such as raw material shortages, supply chain disruptions, and geopolitical disturbances.
• 👩‍🏫 Industry 5.0 emphasizes the importance of collaboration between academia and industry to drive human-centric perspectives and sustainability.
• 📊 Regulatory frameworks should support innovation without hampering it, and there should be coherence across policy areas to promote a holistic approach.
• 🎓 Investment in ongoing skills development is crucial for empowering workers and offering them dynamic career prospects.
• 🤝 Public-private partnerships play a vital role in developing research programs and fostering the implementation of new technologies.
• 🔄 Decentralization and personalization are key factors in Industry 5.0, enabling a more customized and human-centric work environment.

Q & A

What are the three pillars of Industry 5.0 as identified in the script?

The three pillars of Industry 5.0 are human centricity, sustainability, and using technologies dynamically to increase resilience.

How does Industry 5.0 view workers in comparison to traditional models?

Industry 5.0 views workers as an investment rather than a cost, aiming to empower them and make them agents of change within the company.

What role do digital technologies play in supporting sustainability in Industry 5.0?

Digital technologies help companies become more sustainable by identifying ways to do more with less and developing full product lifecycle processes.

Why is flexibility important for companies in the context of Industry 5.0?

Flexibility is crucial because rigid global supply chains no longer work effectively due to disruptions like raw material shortages, supply chain issues, the COVID-19 pandemic, and geopolitical disturbances.

What is the significance of human centricity in Industry 5.0 according to Harold?

Human centricity is significant because new workforces are digital natives who expect a digitalized work environment and because it aligns with the broader goals of sustainability and resilience.

Why does Industry 5.0 emphasize the broader role of companies in the economy and society?

Industry 5.0 emphasizes the broader role of companies because the straightforward global market environment has been disrupted, and there is a need to focus more on companies' impacts on the economy and society, including attracting young talent.

How is the industrial metaverse related to Industry 5.0?

The industrial metaverse is one of the underlying technologies that will enable the transformation associated with Industry 5.0.

What is the role of regulations in achieving the goals of Industry 5.0?

Regulations can help drive the transition by providing clear goals and incentives, though excessive regulation might create uncertainty and stifle innovation.

How does Europe compare to other regions in terms of advancing Industry 5.0?

Europe developed the concept of Industry 5.0 early on but other regions, like the U.S., Australia, and parts of Asia, are quickly catching up by implementing policies and programs that support the transition.

What is the importance of personalization in the context of Industry 5.0?

Personalization is important because it enhances motivation and engagement among employees, making them feel more involved and valued in their work environment.

Outlines

00:00

🌟 Embracing Digital Technologies for Workforce Innovation

This paragraph discusses how innovative companies leverage digital technologies to enhance workforce creativity and stimulate innovation. The concept of Industry 5.0 is introduced, focusing on human-centricity, sustainability, and flexibility. Companies are encouraged to view workers as investments, use digital tools to empower them, and drive innovation. The importance of sustainability through digital technologies is highlighted, as well as the need for resilience in response to global challenges like supply chain disruptions and geopolitical events.

05:01

📊 Industry 5.0: A Human-Centric Approach

The paragraph features insights from an assistant professor at KTH Royal Institute of Technology, emphasizing the importance of human-centric perspectives in Industry 5.0. Despite advancements in production systems, human involvement remains crucial. The professor discusses ongoing research projects and collaborations that focus on integrating human-centric approaches with digital technologies in production logistics.

10:02

🧩 Defining Industry 5.0

This segment explores the definition and necessity of Industry 5.0. It addresses concerns about the premature definition of a new paradigm when Industry 4.0 is not fully realized. The speakers agree on the importance of human-centric, sustainable, and resilient approaches. They emphasize the changing conditions and the need for industry to reconnect with its broader societal role, appealing to digitally literate younger generations who value sustainability and career development.

15:02

🌍 The Industrial Metaverse and Sustainable Business Practices

The discussion continues with the concept of the industrial metaverse and its role in making manufacturing more appealing. The focus shifts to the holistic view of Industry 4.0/5.0 and the integration of sustainability into business models. Panelists highlight the need for businesses to transition towards generative, planet-positive practices. The importance of personalization, digital twins, and reskilling programs is emphasized as key elements in achieving human-centric, sustainable, and resilient industrial practices.

20:02

🔄 Public-Private Partnerships in Industry

The role of public-private partnerships (PPPs) in advancing Industry 5.0 is discussed. Successful examples of PPPs in data and industrial sectors are mentioned, highlighting their effectiveness in developing research programs. The need for more adaptation of new technologies and increased transparency in the market is stressed. The discussion also touches on how PPPs can help bridge the gap between research activities and real industrial implementation, particularly for small and medium enterprises.

25:03

🚀 Investment and Innovation in Industry 5.0

This paragraph focuses on the need for investment in innovation and skills development to achieve Industry 5.0. It stresses the importance of company commitment to ongoing skills development and cross-sectoral cooperation. The panelists discuss the need for regulatory sandboxes to foster innovation and how regulations can both limit and enable creativity. The conversation also addresses the challenges of economic uncertainty and the need to show tangible benefits of new technologies to encourage industry adoption.

30:07

⏳ The Journey to Industry 5.0

The final segment reflects on the timeline and progress towards achieving Industry 5.0. Panelists acknowledge that different industries and companies are at various stages of transformation. They express hope that some companies will reach Industry 5.0 soon, with others following. The discussion concludes with examples of companies already making significant strides towards the goals of Industry 5.0, highlighting the ongoing nature of this industrial evolution.

Keywords

💡Industry 5.0

Industry 5.0 focuses on human-centric, sustainable, and resilient industrial practices. It emphasizes seeing workers as investments, using digital technologies to empower employees, and making companies adaptable to changes. This concept extends Industry 4.0 by integrating these additional pillars.

💡Human-centricity

Human-centricity in Industry 5.0 involves viewing workers as valuable investments rather than costs. It focuses on empowering employees through digital technologies, making them agents of change and driving innovation within companies. This approach contrasts with traditional views of labor as merely an expense.

💡Sustainability

Sustainability refers to using digital technologies to create eco-friendly practices in industry. It involves developing full product life cycles that do more with less, reducing waste, and supporting sustainable practices. This concept is crucial in Industry 5.0 for ensuring long-term environmental and economic health.

💡Resilience

Resilience in Industry 5.0 is about making companies adaptable and flexible to external disruptions, such as supply chain issues or geopolitical events. It involves using digital technologies to create dynamic responses to changing circumstances, ensuring business continuity and stability.

💡Digital Technologies

Digital technologies are tools and systems that use digital information to improve processes. In the context of Industry 5.0, they are used to enhance creativity, drive innovation, support sustainability, and improve resilience. Examples include AI, AR, and data analytics.

💡Industry 4.0

Industry 4.0 is the current phase of industrial revolution focusing on automation, data exchange, and manufacturing technologies. It includes cyber-physical systems, IoT, and cloud computing. Industry 5.0 builds on these concepts by adding human-centricity, sustainability, and resilience.

💡Innovation

Innovation refers to the introduction of new ideas, methods, or products to improve efficiency and productivity. In the video, it is highlighted as a driving force for Industry 5.0, with companies using digital technologies to foster creative and innovative solutions.

💡Collaboration

Collaboration in Industry 5.0 involves cooperation between industry, academia, and other stakeholders. This teamwork is essential for advancing research, developing new technologies, and implementing industry-wide changes. Effective collaboration ensures a holistic approach to innovation.

💡Personalization

Personalization in Industry 5.0 refers to customizing work environments and processes to individual preferences and needs. This approach increases employee motivation and satisfaction, as seen in the example of drivers wanting options rather than just following AI recommendations.

💡Geopolitical disturbances

Geopolitical disturbances are events or conflicts that disrupt global stability and supply chains, such as the war in Ukraine. These disturbances emphasize the need for resilient and adaptable business practices, a key component of Industry 5.0.

💡Extended Reality (XR)

Extended Reality (XR) encompasses technologies like AR and VR, used to enhance the real-world environment with digital overlays. In the context of Industry 5.0, XR helps make workplaces more engaging and efficient, reducing the need for physical paperwork and improving worker experience.

💡STEM Skills

STEM skills refer to knowledge in science, technology, engineering, and mathematics. These skills are critical for driving innovation and adapting to new technologies in Industry 5.0. Ensuring proper STEM education and ongoing skill development is essential for a successful transition.

💡Circular Economy

A circular economy is an economic system aimed at eliminating waste and the continual use of resources. In Industry 5.0, this concept is supported by using digital technologies to create sustainable product life cycles, enhancing resource efficiency and reducing dependency on raw materials.

Highlights

Innovative companies are capitalizing on digital technologies to increase creativity and stimulate innovation in their workforce.

Industry 5.0 is identified around three pillars: human-centricity, sustainability, and flexibility.

Human-centricity involves viewing workers as an investment and using digital technologies to empower them and drive innovation.

Sustainability in Industry 5.0 focuses on using digital technologies to support sustainable practices and develop full product life cycle processes.

Flexibility is crucial for companies to adapt to changes in circumstances, such as raw material shortages and supply chain disruptions.

The shift towards Industry 5.0 reflects changing conditions and emphasizes the need for industries to focus on their wider role in the economy and society.

Younger digitally literate workers expect digitalized work environments and seek employers who align with their values.

Collaboration between industry and academia is essential for advancing Industry 5.0 principles and practices.

Public-private partnerships play a significant role in fostering innovation and developing research programs that align with Industry 5.0 goals.

There is a need for investment in ongoing skills development to empower workers and offer stimulating careers.

The importance of sustainability is highlighted, including the need to measure and reduce CO2 footprints across the entire production process.

Decentralization and web3 technologies present opportunities to disrupt traditional supply chains and investment models.

The European Commission has introduced various regulations, such as the AI Act and the Data Governance Act, to promote transparency and fairness.

Personalization and customization of work environments can motivate employees and improve productivity.

Sustainability and resilience are seen as critical factors for the future of industry, with a focus on making a positive impact on the planet.

Transcripts

those companies that were being most

Innovative were the ones that were able

to to to capitalize on digital

Technologies to increase the creativity

of their Workforce and stimulate

Innovation so it was on that basis that

we identified entity 5.0 around three

pillars that are very much interlinked

first of all human centricity so seeing

workers as an investment rather than a

cost for the company

and using digital Technologies to

empower them and to make them agents of

change to drive innovation in the

company secondly sustainability

capitalizing on digital Technologies to

help companies in a positive way to

support their sustainability by using

digital Technologies to identify ways of

doing more with less by developing full

products life cycle processes that

really help them to be more sustainable

and thirdly really focusing on uh the

way in which the Technologies can be

used in a dynamic and flexible way in

order to make companies more resilient

in recent years we've seen the the

difficulties for companies arising from

uh raw material and shortages supply

chain disruptions and of course that was

really emphasized by the during the

covert pandemic and now the geopolitical

disturbance caused by the the war in

Ukraine so the the idea of the very

rigid Global Supply chains really don't

work anymore and you need to use digital

Technologies in a flexible way to help

the company to adapt quickly to changes

in its circumstances so really uh we

came at this from point of view of

seeing digital Technologies being more

human used in a more human-centric way

to also Drive sustainability and

resilience

well it does quite a lot in a nutshell

um Jungkook tell us a bit about what

you're working on and uh why why you're

on the panel uh yes so now I'm working

as an assistant professor in kth Royal

Institute of Technology in Sweden and my

department is production engineering and

in the production engineering my field

is production Logistics and as you know

so we deal about like all the moving

Goods or data information in production

site and most of the production side

they are very oriented efficiency or the

digitalization but in the production

Logistics we still have some human there

and I see the industry 5.0 is a good

guideline for the transition because

even though we are developing some new

technologies for production systems but

still we have the human and I have some

project about

where is the the way of going in this

area so we have some

literature review and the surveys and we

analyzed the ongoing project in kth and

other universities as well so I would

like to like maybe more emphasize the

human-centric perspective and Industry

Academia collaboration in terms of

Industry 5.0 today so maybe that's why

I'm here thank you Harold tell us your

thinking on industry 5.0

yeah thank you

um first of all I have to mention that

I'm a co-speaker of the German research

Council on industry 40 and a member of

the steering body of the platform

industry for zero and we are not

thinking about renaming us to 5-0

although all the topics mentioned are in

the focus of our activities

so if we talk about 4-0 we include these

these topics such as human centricity

sustainability resilience from the start

on because they were already mentioned

in the 2013 paper on industry for zero

nevertheless a coining a new term might

be good to raise more the

awareness

in the European level

we noticed that these are topics that

you cannot just ignore human centricity

is important because also people are

changing I mean the new new workforces

that come into companies now they are

used to digital Technologies they are

digital natives yeah and they expect

their work environment to be digitalized

and

we lack a lot of progress there in the

real implementation of our factories

yeah so we are already

researching on how to use AR or extended

reality to help people to make them

feel comfortable with their working

environment I mean no one wants to do

the paperwork anymore yeah they want to

do it in a digital way and the same is

true with with the sustainability thing

people want to see products that are

designed from the beginning for being

reused or recycled or upcycled later

and you also have to see the European

dimension

we are short of some raw materials and

depending on raw materials from from

countries that are outside of Europe and

with a circular economy

that is enabled by industry four zero or

five zero whatever

we create another source of raw material

within Europe so it even increases the

resilience so the topics are very very

hot very important and also in the

discussions in Germany well Harold

you've raised the issue of definitions

and this is one I want to tackle first

um

Sean I think a lot of people would say

we haven't really already delivered on

4.0

is it are we getting ahead of ourselves

in already trying to define a new

paradigm with 5.0 or does it not really

matter what terms we're using to

describe the same thing and Yani I'm

coming back to you on this but I I think

Harold is correct that we shouldn't get

too hung up on on titles but

industry 5.0 it's not a chronological

follow-on Community 4.0 but it it

reflects the fact the conditions have

changed conditions which Visions are

operating uh have changed uh firstly and

that

um now in this now industry needs to

um be more focused on its impact

there's a clear impression that industry

uh with this focus on on digitalization

to drive down costs and enhance

productivity has maybe become too

focused on the factory floor and had a

little bit become disengaged from its

wider role in the economy and Society

um and was indeed perhaps becoming less

attractive to young people coming onto

the the jobs Market I already made the

point that this is the first generation

that is digitally literate but

Industries in competition with many

other sectors for these excellent people

also as we've seen with what's become

known as the great resignation in the

United States people leave a company

that doesn't share their values and

young people coming onto the job market

now want to work for an employer not

only who pays him a good salary but who

takes seriously

their career prospects in terms of of

skill development

um empowerment and having a a dynamic

and interesting job and also company

that takes its responsibilities vis-a-b

uh resilient and secure and

sustainability properly

um so that it is it is seen as a valued

part of society so I think industry 5.0

we're looking we're taking a broader

look at the the role of the company in

in the economy and Society and also

recognizing the fact that the the the

the uh very folk very straightforward

Global Market environment of 13 years

ago has been disrupted by a number of of

and therefore we need to to look in a

different way at the same things but I

don't think we should get too hung up on

titles

well I am still going to say to Yani I

mean I can't think that I'd heard of the

industrial metaverse before but of

course metal versus a huge buzzword I

mean is this just trying to make

the factory floor sexy

hmm

well maybe it's a small attempt on on

that one

um

I I kind of

agree with my my panel colleagues here

that

it's it's more about having this

holistic view on on this industrial 4.0

or 5.0 whatever term you now want to use

and and there there has this

um raised understanding of the situation

that it's not anymore optimizing it's

it's my like making your business a

generative like being a planet positive

that that you you need to have that as a

part of your business that that you

actually not just optimize the

consumption but you actually optimize

that how much you do good for for the

planet so yeah but the metaverse if if

coming back to that I think that's just

one of the underlying technologies that

will enable this transformation that is

coming up

well we'll we'll park that for now so

we'll we've talked a little bit about

the what the difficult part is always

the how how do we achieve these sort of

human-centric collaborative sustainable

and yet High productivity goals that we

seem to be marrying together under this

umbrella term

um

Jungkook will it happen by market forces

or are we going to need some sort of

Regulation to get to where we want to go

what's your take

um I think industry 5.0 and the industry

4.0 right now it's a transition because

I think the maybe some Advanced oems

like bigger players they are already

reached in the 4.0 and they are ready to

go to further but we have small and

medium companies and maybe there are

difference between Academia and Industry

and maybe developed countries and

developing countries as well so I see

this one as a transition and to achieve

this I think we should have like a clear

goal and then we the the bigger players

can maybe be the leader of this like a

use cases and the smaller medium

companies get some like a benefit from

the bigger players as well and also same

for the industry Academia and the

regulations as well so I see this is

like a long run we we will achieve maybe

efficiency and the customers involvement

and the young people will join the like

a Visionary companies later but maybe in

the short term when need some

regulations because nowadays maybe some

companies they are investing ESG and the

sustainability because they can get some

benefit at this moment so as a short

term I think we need some kind of

Regulation but I see as a long long

because it's a transition so at the end

we will get some improvement in the

bigger perspective Harold humans yeah on

the regulation I mean we have a lot we

have seen a lot of regulation in the in

the last years that's coming from the

European commission and it's it's of

course good that we have all these ESG

reporting things but you should be

careful with introducing new regulations

because we have the AI act we have the

data governance act we have the data act

coming up

so it's a lot of things that really

create uncertainty with the companies

what does that all mean what are the

consequences of that and for example the

data governance act has has destroyed

some business models that were just

raising up in the area of data sharing

because well I don't go into the details

why that's the case but

um

so I I think it's it's enough of

Regulation at the moment

um we have to consume all the new

regulations and adapt in the industry

and

even more regulation that would not

benefit but it would uh what in the

European industry yeah

um and of course industry is doing a lot

at the moment to increase all the ESG

aspects because people are demanding it

the employees are demanding it the

customers are demanding it at least in

Europe

and that should be enough to drive the

the whole movement

well I always say when we talk about

laws and in particular EU laws if there

were no Bad actors we wouldn't need any

laws at all if everyone behaved

ethically and responsibly

um than the commission would be out of a

job really

um but Sean let me bring you in here

um not to focus overly on necessarily

the legislative side but tell me whether

you think we're creating the right

conditions and what might those

conditions be for a successful

transition to 5.0

I was I was certainly agreed that it's

um this process must be driven by

Innovation and we shouldn't do anything

that in any way hampers Innovation

um I think the and it is for industry to

adopt industry 5.0 and the role our role

um at the European level really should

be uh to to to to ensure the right

framework conditions are in place so

making sure that at policy level there

is coherence what we're doing across

different areas

um that um there is a clear

directionality and that there's a the

appropriate level of incentives and I

think we what's important is we need to

look in a broad way across policy areas

looking at environment policy uh

employment policy to make sure that the

the right incentives are there

education policy to make sure that

there's proper stem

skills training also Regional and social

policy to make sure that this uh these

are opportunities and the are available

to across regions and to all players in

society and also we need to look at a

taxation policy make sure the taxation

policy also supports uh the more in the

Innovation that's necessary to make this

transition and this transformation

happen and of course on the research and

Innovation side we see it as very

important as well to to have programs

and policies in place that support this

Innovation so yeah we definitely need

them in proper framework conditions and

we need to look in a broad way at these

to make sure that the system is is

working in the same direction

well I want to talk about skills now as

well because they're having a skilled

Workforce is obviously a precondition

and you've mentioned that already we

have digital natives Yani

do you see any gaps are there any

concerns or or do you see that there's

so much great young talent coming down

the line that that we're going to be

fine

well I personally definitely I see gaps

in Bell Labs we do research and we try

to do cutting-edge research and actually

there is always a scarcity of of good

resources

and talented resources

what comes to this transformation and so

on I have a little bit Hope on our

younger generation that the mindset is

different and maybe they are choosing

more wisely their their education and

and have more uh and better better kind

of suitable education for for this topic

uh like

um sustainability and so on at least I

see that in my kids and and so on but

yes there is a gap and if you think

about the geopolitical thing I think

there's a bigger Gap in in Europe than

in the U.S

uh Jungkook I mean could you expand a

little bit on that I'm sure you would

say you're you're doing fabulous in

Sweden um do you see any other gaps

around Europe or

um as Yeti mentions compared to the US

or southeast Asia or other parts of the

world in terms of like in terms of the

skill set in terms of the the workforce

that's there and coming

um for example in Sweden yeah I have

maybe no no more about Swedish cases so

I'll talk about the Swedish case though

in terms of Sweden there are many

reskilling and upskilling program for

the employees so it is not only for the

young young students and young people so

I think they are already engaged in

sustainability they're aware about their

future so they're concerned about it and

also because of the digitalization many

people are worried about can I still

work in this field can I like use my

skill in next five or ten years so in

Swedish universities we have some

um in we call it engineer 4.0 program

even though we are using 4.0 but they

are more talking about reskilling the

current workers for the digitalization

and how they like for example use the

robot or they use the digital twin in

their work so there are many upskilling

and reskilling programs in Sweden but I

guess other com other countries and

other reasons are doing this similar in

a way

but Sean we often talk about Europe as

being in a race with other parts of the

world in whatever context economically

or industrially do you have any insight

onto which where and which areas

globally are sort of best placed to uh

to race ahead in the 4.0 right as three

5.0 okay sorry well that's a very

relevant point because I think we were

ahead of the game when we we developed a

concept but in in the in the two years

two to three years since then we're

seeing other parts of the world really

catching up with us I mean if we look at

the U.S

um the bite administration's inflation

reduction act I mean industry 5.0 is at

the heart of that it's all it's about

bringing uh manufacturing back and

bringing people putting Peter at this

people at center of it and you know

we're already seeing in MIT that we

orientating their their manufacturing

programs

um to to focus on on delivering the

skills and they have a very interesting

initiative they call it the Hub and

spoke initiative where they develop it

at an MIT quality program but it's being

delivered right across the the states of

the Us close to where the companies are

that need these skills so that uh their

workers can acquire the the skills

development on an ongoing basis uh close

to where they're working we I mean in

Europe EIT is doing really good work in

in that area work a lot with our

colleagues in IIT manufacturing and

they're bringing their their programs uh

very much into line with the industry

5.0 principles but we

we're good at talking about things in

Europe and then other parts of the world

maybe they move they move ahead faster

in Australia they're just beginning now

uh to to to understand the opportunity

of Industry 5.0 and they've developed

now in um in uh

in Queensland a a trial program which is

very close to Industry 5.0 combining

training and coaching and so on and in

areas like like India and Pakistan

they're really jumping on the industry

5.0 bandwagon very quickly so yeah we

very fast other parts of the world are

catching up with us so we we need not

only to talk about industry 5.0 but we

need to make sure that we're putting it

in place we're particularly putting in

place the skills that are needed

Harold let me ask you about

collaboration and in particular public

private Partnerships and and working

groups this whole uh topic that we like

so much in Brussels how important is

that and do you see it happening enough

at the moment are there any good

examples or are there any bad examples

well

um yeah I see some some good examples in

that

um we have

public private Partnerships in the data

area we have Public Partnerships in the

industrial area as well and as far as I

can see or as as I can say they are they

are quite successful because the

commission works together with with all

the stakeholders industry and research

in these Partnerships to develop the

rights research programs so that's

that's very successful

um but that's a research side that I

know on the other hand I'm not sure what

Public Partnerships can do in addition

yeah for example concerning the

procurement concerning fostering the the

usage of these new technologies not just

the development I'm just lacking ideas

there

what if anything would you like to see

change rapidly in the next five years

in in relation to this topic yeah yeah

um

I I hope that there is more adaptation

of of these new technologies that we

start really utilizing those so I think

that's that's the thing then I I hope

this legislation and all that brings

this visibility and transparency that

it's more fair to compete at the market

because I think that's also the the

driving force that once once uh you can

really

have the visibility and and say that I

do it right and and our company have the

the right measures to do it I think that

that gives you the competitive advantage

and and so on so I I hope the

transparency happens I hope that there

is a faster adaptation of of the new

technologies uh yeah I I would take

those too uh Jungkook I um I mean we've

talked about the human-centric nature

and we've said the collaboration is

important I mean some other factors that

fall under the umbrella of 5.0 is

personalization or customization

sustainability resilience and

decentralization I mean of those four or

five areas is the one that stands out to

you as potentially having the most

impact

uh well maybe the personalization is

also related to human-centric as well

because as a like a employee or the

person who will do their work they will

get more motivated if the environment is

more personalized there was one research

he was talking about uh industrial human

needs that there was a pyramid and when

the people how when what is the need for

the people so the first one was the

safety and and that the next one is

healthy and the next one is the

belonging and esteem and the

self-actualization and I think that the

last two parts are more in

correlated to the the technological

perspective but the other like

belongings and like a self-esteem or the

self-actualization it it the people can

feel more when it is more customized so

one example that I have involved in one

project with the steel manufacturing

company and we have interviewed the

drivers in the factories because we are

developing some autonomous

transportation system for them so we

thought that okay this is our solution

and we will give you the direction to

you where you go and where to pick and

so on and the driver says no but I don't

want to just follow the ai's

recommendation I want to have my options

so I can do my work and I can feel get

more motivated I think this was a really

good example for me aha there was

something else we should not just

provide maybe we need to hear the people

who will use this Technologies and also

how can get more involved and get

motivated people so I think the

personalization is the really important

part Sean same question to you I mean

where do you think the biggest impact

will be I mean I mentioned

sustainability and resilience and

decentralization as well

well I wouldn't maybe separate out

sustainability and resilience as two

goals we need to achieve but I think

there are a lot of driving forces this

this uh need for for greater

customization uh that people want that

the market is demanding uh the

opportunity for for greater

personalization I think and these

coupled with uh some of the technologies

that Yani has talked about these can all

help us to to to move in in their in the

appropriate Direction

um I I think at this moment resilience

is probably uh uh this punctually the

critical thing we need to get right

because we're still in a very uncertain

business environment

um on sustainability I think what's

important is that the digital

Technologies are used in a way so that

companies don't no longer think about it

in terms of not doing the bad things but

rather making a positive contribution to

sustainability by using digitalization

to uh improve their the the their

production processes and succeed in that

way I think you're right on resilience

we had a we kicked off yesterday morning

with a panel ON Semiconductor Supply

chains and that was the point that kept

being raised I would like to I would

like to actually pick the

decentralization because uh

um we do a lot of research on web3 type

of software and now I see a big

opportunity to combine that with this

kind of manufacturing and and it it

could affect the supply chains it could

affect the way how you how you kind of

make your Investments at your Factory

and then how you distribute your factory

assets and so on so I I would pick that

one as the next District disruptive uh

thing and the biggest thing in this one

pick the pick

the Pick 4 shall I ask you the question

about investment no I I fully I fully

fully agree to what what has been said

but I want to highlight the

sustainability apart a little bit

um

currently we are talking a lot about CO2

footprint but we are not able to really

measure the real CO2 footprint over

scope one scope 2 scope 3 in reality so

it's all models it's all estimations and

you don't really know what's happening

and as long as you don't know you can't

change now and we need to change of

course yeah we should all agree on that

so um that's that's one thing that I see

as as very much important uh to improve

there and also to improve I mean

sustainability is not just CO2 it's also

reusing material and we're seeing a lot

of initiatives there

um but it's just in the beginning and

there is no clear goal and how how far

we should go I mean consider the

building industry

concrete is is known to be

um depending on Sand which is a rare

resource nowadays interestingly

um it's creating a lot of CO2 and so on

but on the other hand the deconstruction

of buildings creates a lot of material

but that material is rarely used to

build new buildings

maybe because of Regulation maybe

because of Technology issues so

improving and that aspect is from my

point of view very very important in

particular for Europe

we should have had you at EIT raw

materials a couple of weeks ago talking

about that very subject

um to wrap up I mean I I wanted to

quickly touch on the point of investment

into Innovation into R D

um and where that fits within this

ecosystem shall we call it

um Sean what do we need and and how fast

do we need it

I think we need

um

first of all we need we need commitment

uh to London to really move forward with

the transmit transformation coming

quickly I think we need more engagement

and investment by companies uh in

ongoing skills developing

skills as as a strategic tool for the

company so that uh it's a way of

empowering workers it's also a way of

offering workers a stimulating career so

we certainly need something there and I

think we also need in investment in

Innovation and uh opening up

opportunities for cross-sectoral

cooperation so that we we really see

that the opportunities that

digitalization uh can can have for

industry in terms of moving out of the

old uh sectoral silos and bringing ideas

together across sectors and companies

coming together to develop new markets

and New Opportunities across sectors

uh Jungkook what are the next steps then

thinking more near-term

um in achieving the aims that we want to

achieve with 5.0 I was thinking about

like the regulations and rules are very

important to get Innovative because

maybe people are in the box and they

will think about something creativity

but also the regulation and the rules

can limit the people's thinking so maybe

some kind of Regulation free sandbox for

the Innovative companies or Innovative

research institutions so they can do

whatever they want it should be

regulated but some more Innovative space

I think that would that can be helpful

you said the sort of regulatory

sandboxes that we talk about yeah yeah

Harold your thoughts on on where the

direction of travel and the speed of

travel and are we getting that right

well it's

in an economic situation that we have at

the moment it's not it's not easy for

companies to invest in technologies that

are maybe far off um so we have to show

the companies the the low hanging fruits

even in in respect to sustainability to

human centricity and so on and and to do

so it's very important to bridge the

research activities that are there and

that have have done great progress on on

all these areas with the real Industries

industrial implementation

in particular and in Germany it's it's

difficult because we have a lot of

world-leading companies real champions

but they are small and they are very

distributed over over Germany so 99 of

the German industry is small and medium

Enterprises

um and to to distribute all the

knowledge to them that's that's an hard

issue and we should work very hard on to

do that

um Yani I said at the beginning that

there could be criticism that we haven't

achieved 4.0 uh Sean points out it's not

necessarily A next iteration uh to get

to 5.0 but

how fast are we going to get there when

do you think we'll be looking back and

saying oh that's job done tick the Box

um you mean to Industry 5.0

and why well I I think it's a it's a

transformation and there are businesses

and industries in different stages so

most probably it's a hard to say that

when when we have reached that and we

can claim that now we are there can we

even claim that we have done industry

4.0 at least I have been in a businesses

that they they are not even close so my

answer is that hopefully some companies

will reach that soon and and the others

follow fast

so watch this space oh uh I think that

some of the companies are almost there I

because now okay it's it depends how you

define it and how widely you want to

think about it but but

um I would say that for example Nokia is

quite well on on is on its way well you

would say that wouldn't you yeah thank

you very much gentlemen it's been an

interesting discussion I don't think

we've solved all the issues or answered

indeed all the questions at this point

but we were never going to achieve that

in 45 minutes so thank you very much a

big round of applause for our speakers

please

if