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WEF unveils Centre for Fourth Industrial Revolution in India: Details
WEF unveils Centre for Fourth Industrial Revolution in India: Details, Aim, Functions, Highlights
The World Economic Forum (WEF) has unveiled its new Centre for Fourth Industrial Revolution in India. It was launched by Prime Minister Narendra Modi in New Delhi.
The Centre for Fourth Industrial Revolution in India will be based in Maharashtra. It will be the fourth center in chain-ones as part of WEF’s global network along with San Francisco (US), Tokyo (Japan) and Beijing (China) are already functioning.
The centre will facilitate to bring together government and business leaders to pilot emerging technology policies.
The centre has selected drones, artificial intelligence, and blockchain as the first three project areas.
The centre will work in collaboration with the government on a national level to co-design new policy frameworks and protocols for emerging technology alongside leaders from business, academia, start-ups, and international organizations.
NITI Aayog will coordinate partnership on behalf of government and work of centre among multiple ministries.
The initial efforts at the national level are focused on two emerging technology areas AI and machine learning and blockchain and distributed ledger technology.
The first project will focus on expanding access to data to accelerate adoption of AI in socio-economic areas like education, healthcare, and agriculture.
The second project will focus on the application of smart contracts to boost productivity and transparency while reducing inefficiency.
At the state level, Maharashtra Government in collaboration with Centre is planning to undertake a drone mapping operation in the agriculture sector.
World Economic Forum (WEF) is an international institution (non-profit organization) that works to improve the state of the world through public-private cooperation.
Established: 1971
Founded: Klaus Schwab
Headquarter: Geneva, Switzerland
