How Industry 5.0 Will Transform Process Manufacturing As We Know It
There is no underestimating the impact that the process manufacturing industry has on society today. Process manufacturing deals with formulas and basic ingredients, as in biotech, pharma and chemical operations (contrasted with discrete manufacturing, which deals with assembled parts and bills of materials). Chemicals are ubiquitous in our automobiles, particularly EVs, and the new light-weight materials used to reduce carbon emissions, windmills and solar panels. On top of this, pharmaceuticals are saving lives with innovative drugs and vaccines.
But in the near future, a new wave of cognitive computing applications and infrastructure, collectively known as Industry 5.0, will transform chemical, pharmaceutical and biotechnology manufacturing, leading to innovations in drug therapies and dramatically accelerating new drug discovery.