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FutureAlgos > FAQs

Frequently Asked Questions

These questions are designed to provide our clients with a better understanding of emerging technologies and solutions. For more information on any of the following points, or to know more about our business and services in detail, please email

What is the future of industry?

In the future, successful manufacturers will be those who leverage emerging technologies and focus on building a cutting-edge business with the right capabilities, on delivering the right products/services at the right time. As customers demand more, industries will have to adapt to the latest changes with agility and deliver on all fronts. Industry 5.0 is not just about technology but harnessing technological prowess and human capabilities in the right measures to provide the best.

What is Industry 5.0?

Traditionally, robots have been used on factory floors to handle dangerous and repetitive tasks. Industry 5.0 will see robots and humans working alongside together and collaboratively by leveraging advanced technologies like AI, ML, IoT, big data and more.

Will Industry 5.0 replace humans?

Industry 5.0 is all about supporting and not superseding humans. Instead, robots will work with creative factory workers by providing them with assistance in tasks requiring precision. The human workers will bring critical thinking and logical decision making to the table, thereby boosting productivity and performance.

Why should I invest in IoT and other technologies?

The Covid-19 pandemic demonstrated that even the most well-run factories could come to a grinding halt by unexpected events. Organisations must protect themselves from unplanned downtime and any contingencies. The industries of the future must be dynamic, responsive, and interconnected with intelligent solutions. Businesses that leverage smart technologies are better poised to address the challenges of today’s workplace – supply chain interruptions, workforce dislocation, raw material unavailability and more. Leverage the technologies of today to thrive in the market of tomorrow.

What is the difference between digitalisation, digitisation and digital transformation?

Digitisation is creating a digital version of physical objects. In simple terms, it’s building a digital representation of a non-digital object. For example, a physical reading from a mechanical device can be digitised into an electronic value. Digitalisation is improving a process by applying digital technologies and digitised data. It’s about converting a human-oriented process into a software-driven process. Digitalisation paves the way for digital transformation. In simple terms, digital transformation uses digital technologies to create modern processes that meet the challenges of changing business needs.

Is IoT the same as IIoT?

IoT (Internet of Things) refers to connecting smart devices via a wireless network. Smart homes, smart speakers, smartwatches and other everyday devices use IoT to offer better solutions. IIoT (Industrial Internet of Things) refers to the industrial side of IoT. It’s using intelligent devices to improve the features and functionality of a manufacturing plant.

What is a smart factory?

A smart factory harnesses the power of IIoT to process data in real-time, paving the way for intelligent manufacturing.

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