World Economic Forum (WEF)’s Centre for Fourth Industrial Revolution (C4IR) inaugurated at Hyderabad | Current Affairs | Vision IAS
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World Economic Forum (WEF)’s Centre for Fourth Industrial Revolution (C4IR) inaugurated at Hyderabad

Posted 29 Feb 2024

2 min read

  • This C4IR will be the world's first thematic centre which will focus on healthcare and life sciences.
    • The inauguration was done during 21st edition of  Bio Asia 2024 
      • BioAsia is the edition of the premier life sciences and healthcare forum in Asia. 
  • WEF’s C4IR initiative is aimed at harnessing potential of technological progress for equitable and human-centred transformation of industries, economies and societies. 

 

  • About 4IR
    • 4IR means the digital transformation of the manufacturing industry by technologies such as Artificial Intelligence, Additive Manufacturing, Internet of Things (IoT), etc. 
    • It also refers to “smart factories”–which are fully connected cyber-physical systems that merges the physical and digital aspects. 

 

  • Applications 4IR IN healthcare and life sciences
    • Monitoring, recording, visualisation and sharing of symptoms using wearable devices. 
    • Evidence based care through health profiling and clinical registries.
    • Facilitates Precision Medicine and targeted drug delivery

 

  • Challenges: Fragmented and siloed patient information, lack of skilled personnel, privacy concerns, security issues due to cyber challenges, ethical issues, etc.
  • Earlier, C4IR(INDIA) centre was also established in Maharashtra. It is coordinated by NITI Ayog.
  • Tags :
  • World Economic Forum (WEF)
  • Fourth Industrial Revolution
  • BioAsia
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