November 10, 2022
Explore the concept of digital transformation and how it can help your business stay competitive in today's rapidly-evolving process industries. Unlocking Industry 5.o will require a cohesive relationship between people and machines. Learn more!
An Industry 5.0 approach enables manufacturers in the process industry to take advantage of the benefits of digitization while avoiding the pitfalls. A people-centered digitization strategy draws on the insights and experiences of people working in the industry to create systems that are tailored to the specific needs of workers and managers. When adding a human-centric component to a digitalization strategy, adoption is easier and faster because it has the end-users in mind.
Algorithms can surface information and patterns that are difficult for humans to detect on their own, but ultimately, they can only follow their programming. That means algorithms are not well-positioned to respond to changing conditions and unanticipated shocks—such as the COVID-19 pandemic, unforeseen raw material shortages or regulatory changes. People are needed to respond to these challenges and align algorithmic activities with strategic priorities. By combining the strengths of both people and machines, we can make organizations safer, smarter and more resilient.
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