Abstract
IR 4.0 emphasizes the interconnection of machines and systems to achieve optimal performance and productivity gains. IR 5.0 is said to take it a step further by fine-tuning the human-machine connection. IR 5.0 is more collaboration between the two: automated technology's ultra-fast accuracy combines with a human's intelligence and creativity. The driving force behind IR 5.0 is customer demand for customization and personalization, necessitating a greater human involvement in the production process. As IR 5.0 evolves, we may expect to see a slew of breakthroughs across various industries. However, just automating jobs or digitizing processes will not be enough; the finest and most successful businesses will be those that can combine the dual powers of technology and human ingenuity. IR 5.0 focuses on the use of modern cutting-edge technologies, namely, AI, IoT, big data, cloud computing, Blockchain, Digital twins, edge computing, collaborative robots, and 6G along with leveraging human creativity and intelligence. Wherever possible, IR 5.0 will change industrial processes worldwide by removing mundane, filthy, and repetitive activities from human workers. Intelligent robotics and systems will have unparalleled access to industrial supply networks and production floors. However, to understand and leverage the benefits of IR 5.0 better, there is a need to understand the role of modern CET in industrial revolution 5.0. To fill this gap, this article will examine IR 5.0 prospective, uses, supporting technologies, opportunities, and issues involved that need to be understood for leveraging the potentials of IR 5.0.