Facts for Prelims (FFP)
Source: TH
Context: The World Economic Forum’s Centre for Fourth Industrial Revolution (C4IR) was inaugurated during BioAsia 2024 in Hyderabad.
Aim: It aims to create 10,000 job opportunities in health tech, support emerging companies, and generate novel ideas.
- The focus areas include real-world evidence, healthcare analytics, and informatics.
- Initiatives like a clinical registry, innovation sandbox, and data analytics lab are underway.
- The centre aims to develop industry-ready talent through skilling programs.
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.
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.
