Clean Energy Tech Now Adds 10% to China’s GDP in 2025
Schneider Electric Introduces Digital Twin for OEMS in 2024
By Shubhendra Anand , 26 December, 2024
Industrial development is an important economic factor as it leverages economic trends. A survey in 2024 suggests that the industrial sector will experience a fifth industrial revolution, industry 5.0. However, the fifth industrial revolution is still in the development stage. With the flow of Industry 5.0, Scheider Electric jumps into a new venture. It aims to provide its consumers from the automotive industry with virtual replicas of their machines before they are ready for manufacturing. The company will focus on digital twin services to OEMs (Original Equipment Manufacturers) in 2024.
Industry 5.0 is the fifth industrial revolution that focuses on the transition of industries in specific ways to produce goods. Current market trends cover the aims of Industry 5.0 to regulate the manufacturing sector globally. There are several initiatives that Industry 5.0 integrates to deliver products by merging technology and industrial production. In the era of artificial intelligence, the strategic plans of industries focus on building smart factories in 2024. Smart factories define the products and services incorporating the interconnection of machines, devices, and their real-time data. Hence, it helps facilitate manufacturing units by increasing the efficiency of the industries. Industry 4.0 helped impact the global economy and businesses more by introducing technology that produces real-time data. Artificial intelligence is an important aspect of Industry 5.0. It is because technology plays a crucial role in the enhancement of businesses. Hence, AI provides firms with various solutions to improve their products and services. It helps to keep data in order by using the IoT (Internet of Things) devices.
Moreover, it keeps track of consumers' data and studies their product preferences. Industries also design innovative tools driven by AI ideas to enhance productivity while ensuring safety. The introduction of generative AI in the sector helps improve consumer interaction. It answers consumer queries, and the data saved helps industries. Hence, it further helps to understand consumers' behavior towards the product.
Industry 5.0 is a different entity under process as it focuses on human and machine collaboration. While artificial intelligence rules the technological world, introducing digital twins into society aims to achieve better outcomes. Therefore, Schneider Electric's new venture on digital twins will have better outcomes in the production sector.
A survey report of 2023 shows 76 percent of respondents agreeing about the automotive industry leveraging digital twins:
Latest News
Clean Energy Tech Now Adds 10% to China’s GDP in 2025
A recent study by Carbon Brief and the Centre for Research on Energy and Renewable Air (CREA) shows that China's clean energy industry has hit a major milestone, contributing more than 10 percent to the GDP in 2024. This comes to around $1.9…
India's Investment in Renewable Energy Shortfalls Against 2025 Goals
Research from clean energy think tank Ember claims that a fall in renewable energy investment means that ambitious clean energy targets for 2025 and beyond pose a key obstacle. Although investment for the fiscal year 2024 shows a notable 40 percent…
Sustainable Fuels Paves the Way to Net-Zero Emissions in the Aviation Industry
The sector needs to reduce its environmental impact while addressing the growing demand for air travel, as it currently represents about 2.5% of global energy-related CO2 emissions by the end of 2025. Sustainable Aviation Fuels (SAFs) are essential…
Microsoft claims to have invested $3 billion in rapidly advancing artificial intelligence growth in India.
Microsoft revealed at the Microsoft AI Tour in Bengaluru in January 2025, announcing a $3 billion investment to support cloud and AI infrastructure in India over the next two years. This action supports India's growing digital economy and fits its…
Net Zero Emissions can Reduce Earth’s Biodiversity Loss in 2025
Biodiversity across the world is under crippling threats, and according to a report published in 2025, enormous stress is being induced on different ecosystems around the world. The report explains that almost all Key Biodiversity Areas (KBAs) in the…
Shubhendra Anand
Head Research
Latest News
India's Investment in Renewable Energy Shortfalls Against 2025 Goals
Sustainable Fuels Paves the Way to Net-Zero Emissions in the Aviation Industry
Microsoft claims to have invested $3 billion in rapidly advancing artificial intelligence growth in India.
Net Zero Emissions can Reduce Earth’s Biodiversity Loss in 2025
