Centre for Fourth Industrial Revolution (C4IR)

Why is it in the news?

The World Economic Forum (WEF) is establishing the Centre for Fourth Industrial Revolution (C4IR) in Hyderabad.
The centre will function as an autonomous, non-profit organization with a focus on leading policy and governance in healthcare and life sciences.
Globally, WEF has set up C4IR to foster global cooperation and innovative ideas in the realm of the Fourth Industrial Revolution (4IR).

· Klaus Schwab, the Founder and Executive Chairman of WEF, coined the term “Fourth Industrial Revolution” (Digital Revolution).

Key Aspects of the Fourth Industrial Revolution (4IR)

The 4IR is characterized by a fusion of technologies that blurs the lines between the physical, digital, and biological spheres.
Technologies associated with 4IR include the Internet of Things (IoT), robotics, virtual reality (VR), artificial intelligence (AI), quantum computing, and 3D printing.
The significance of the Fourth Industrial Revolution includes Technological Advancements; Increased Productivity and Efficiency; Economic Growth; and Good Governance.

Fourth Industrial Revolution and Good Governance

· Improving public service delivery through digital platforms.

· Better policy formulation through the use of big data analytics and AI.

· Enhanced healthcare services delivery, including the use of drones and telemedicine.

· Increased transparency and accountability.

· Faster resolution of grievances.

India’s Initiatives for Capacity Building in the Digital Revolution

National Quantum Mission: Aimed at scaling up scientific and industrial research and development for quantum technologies.
National Strategy on Additive Manufacturing: Focused on developing Additive Manufacturing grade materials, 3D printer machines, etc.
FutureSkills PRIME programme: Targets re-skilling/up-skilling aspirants in emerging technologies.
SAMARTH Udyog Bharat 4.0: An initiative of the Ministry of Heavy Industry for increased competitiveness in the Indian Capital Goods Sector.

AMIGOS IAS