C4IR at Hyderabad

• Hyderabad witnessed the inauguration of the World Economic Forum’s (WEF) Centre for Fourth Industrial Revolution (C4IR) during the concluding day of BioAsia 2024.
  • BioAsia is premier life sciences and healthcare forum in Asia.
• This will be the world’s first thematic centre focussed on healthcare and life sciences.
• The centre aims to create over 10,000 job opportunities in healthtech, foster 20-25 emerging companies and startups, and generate 10-25 novel ideas through its registry.

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.