Artificial Intelligence in the 5th Industrial Revolution

How is artificial intelligence spearheading a new business paradigm and Industry 5.0?

The 5th industrial revolution is no longer the future. It's already here! This new era of revolution brings a layer of humanity to the emerging technologies, unlike the 4th industrial revolution. It focuses on sustainability, governance, and social impact while ensuring that technological solutions factor in the impact of social inclusion, environmental sustainability, and improved accountability.

The 5th Industrial Revolution builds upon the 4th. It brings along disruptive megatrends and paves the way for new revenue opportunities worth $25 trillion that are replacing the existing ones. Pranjal Sharma’s “The Next New” is the first-ever book to chronicle this disruptive transition and decode the new revenue opportunities emerging. According to the book, the key pillars of the fifth industrial revolution are:

·??????Technological breakthroughs

·??????Values, Ethics, Safety, Social equity

·??????Climate change goals and Accountability

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So, what is the role of breakthrough technologies, especially artificial intelligence, in spearheading the 5th IR and influencing its nature?

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Artificial Intelligence and the 5th Industrial Revolution

Let us take a look at the following points, which highlight the influence and impact of artificial intelligence on the prominent sectors:

·??????In the energy sector, AI is leveraged to forecast energy demand and predict equipment breakdown and outages—resulting in smarter asset management, higher efficiencies, and reduced wastage.

·??????In the food and agriculture sector, artificial intelligence is anticipated to disrupt the sector in the upcoming decade. It is used to analyze weather and soil data for farmers to make smarter planting and harvesting choices. Moreover, by merging AI with image processing, farmers can track crop health and direct agricultural robots for precise pesticide use.

·??????Amongst the technology-enabled disruptions in the food and beverages sector, AI is leveraged to blend food, flavors, and aromas to bring new and creative dishes.

·??????Artificial Intelligence has made a major contribution to the advancement of the healthcare sector. Advancements in diagnostic imaging have resulted in improved and affordable patient care, where AI is massively harnessed to increase the efficiency of diagnostics. Though AI in healthcare is in its early stages, its promise is evident through the harmonious inclusion of vast patient data. AI-driven machine learning harnesses the expanding genomic data, unlocking novel insights for safer, more efficient, and personalized healthcare, marking a shift toward better-tailored medical approaches.

·??????The use of AI to understand the universe’s dynamics is one of the two critical shifts propelling the space industry. In general, space exploration technologies are expected to undergo much more advancement in the next few decades than they had in the past. The industry has systematically reshaped itself with fundamental digital tools. Moreover, AI and blockchain are strengthening security and management solutions using data generated by space businesses.

·??????When merged with the IoT, AI systems would be especially useful in regulating digital battlefield products, including military devices. The AI systems will analyze transmitted data and control their operations to match user requirements.

·??????With AI's growing presence in industry, AI chipsets are becoming pivotal for extensive data processing. These specialized computer chips, also called AI accelerators, ensure rapid and efficient AI calculations on a large scale. Edge AI chips, a notable chip trend, enable AI processing directly on unconnected devices. According to MarketsandMarkets, the global AI chipsets market is projected to achieve a 40.1% CAGR by 2026.

These are just the tip of the iceberg. AI will get smarter and sharper, and humans will work far more collaboratively for rapid and complex decision-making. This change is a crucial part of the 5th Industrial Revolution. As AI improves, people will work together to make decisions quickly and solve complex problems.

What’s Next and What’s New?

"The Next New: Navigating the 5th Industrial Revolution" connects with our earlier talk about AI and the 5th Industrial Revolution. It reminds us that change is constant and everything can change quickly. Just like AI is changing industries, this book shows how new technologies are shaking up old ways and bringing creative solutions.

Just as we're teaming up with AI for better decisions, this book highlights the importance of adapting to change and addressing society's needs. Technology is shaking things up well, making things safer, more productive, and kinder to the environment. If you want to dig deeper and prepare for the future, order ‘The Next New’ from the below links and gain a deeper understanding of the disruptive era!