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Centre for Fourth Industrial Revolution (C4IR)

Facts for Prelims (FFP)

 

Source: TH

 Context: Telangana has signed an agreement with the World Economic Forum (WEF) to establish the Centre for Fourth Industrial Revolution (C4IR) in the state capital, Hyderabad.

 

What is C4IR?

C4IR stands for the Centre for Fourth Industrial Revolution. It is an initiative by the World Economic Forum (WEF) to establish centres that focus on harnessing the potential of the Fourth Industrial Revolution (4IR) technologies and driving collaboration between governments, businesses, and academia to address global challenges and opportunities.

The collaboration aims to leverage technology for advancements in the life sciences and healthcare sector, with a focus on reaching healthcare targets for the state’s population. Telangana envisions becoming a health tech hub and a global destination for healthcare services.

 

About 4IR:

The Fourth Industrial Revolution (4IR), also known as the Digital Revolution, is characterized by the integration of technologies that blend the physical, digital, and biological realms. Coined by Klaus Schwab, Founder and Executive Chairman of the WEF, 4IR includes technologies such as IoT, robotics, VR, AI, quantum computing, and 3D printing. It brings about advancements in technology, boosts productivity and efficiency, contributes to economic growth, and facilitates good governance.

 

About WEF:

The World Economic Forum is an international non-governmental organization for public–private sector collaboration based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab.