The Future with Industry 4.0 at the Core of Society 5.0: Open Issues, Future Opportunities and Challenges

Developing technologies, advancement in science, evolving globalized perspectives and the massive dependence on digital platform for a routine sustenance has led to the core building of Industry 4.0. In general, industry 4.0 focuses on the metamorphosis of all industrial components with the help of strong digital support. It's very often interlinked with the successful fourth industrial revolution. It is to be noted that the very fourth outburst of industrialization plunges forward in order to achieve an optimized and sustained form of production. With the uplift of the fourth generation of this stirring revolution, the efficient extraction of advanced informatics analytics along with internetworked machines have grown to a great extent, complementing the digital platform. On the other hand, society 5.0 involves a human centric community which is capable of striking a balance between the economical proliferations and resolving societal liabilities by the core combination of cyber and physical space. Just like how industry 4.0 carries out the digital transformation of every industrial perspective, society 5.0 encourages mundane life to leap towards a digital revamp expanding across different tiers of the community. Indeed, the rapid change of information and Communication Technology along with the portrayal of society 5.0 as a global trend and a key aspect of the Science and Technology Basic plan, the interplay of the two proves to be a constant support for each other. This paper discusses about the future look of industry 4.0 and society 5.0 and elaborates on the challenges and opportunities rooted from them.