Industry 4.0 and Society 5.0: Drivers and Challenges

Abstract

The Fourth Industrial Revolution, or Industry 4.0, is the future of today's industry while a few countries are working on ways to face the challenges, there are some countries where the awareness associated with it, is still not sufficient for adoption. A country like Japan, which has implemented the Industry 4.0 concept entirely, is now working on the challenges for fifth revolution. Society 5.0 is an inventive concept derived from Industry 4.0. It seems similar but the difference is that the Fourth Industrial Revolution gives more power to the machine for making decisions. On the other hand, Society 5.0 primarily uses the same technologies, but the center of the focus is humankind. It will help people to live prosperously, and consequently ensure a more fruitful society. This paper presents the essential drivers and the challenges for Industry 4.0 and Society 5.0 based on an exhaustive literature review.