Document Type : Review paper
Management Faculty, Science and Research branch, Islamic Azad University, Tehran, Iran
Department of Industrial Management, West Tehran Branch, Islamic Azad University, Tehran, Iran
Industry 5.0 is transformation of the manufacturing sector to a modern manufacturing so that man and machine can perform work hand in hand to achieve more and faster outcomes. This industry revolution improves customer satisfaction by making personalized products. Industry 5.0 with digital technologies creates a new paradigm in manufacturing and supply chain management. Machin learning and artificial intelligent analyze big data in manufacturing to solve complex problems. In the modern business with a rapid technological advancements and globalizations IoT and Industry 5.0 phenomenon are major requirement of competitive advantage and economic growth. Robots used in this revolutions help human to provide higher accuracy in computing and forecasting in industrial automation systems. In the era of technology, mass personalization and smart manufacturing is experiencing a rapid transformation and robots play an important role with the help of human mind. This paper presents the history of Industry revolutions and impact of Industry 4.0 and Industry 5.0 on manufacturing and society. This research also defines some features and capabilities of new Industry revolutions. This paper finally summarizes differences between Industry 4.0 and Industry 5.0.