C4IR

• World Economic Forum has agreed to set up its Centre for Fourth Industrial Revolution (C4IR) in the Hyderabad, state capital of Telangana.
• It will be an autonomous, non-profit organisation with a thematic focus on healthcare and life sciences.
• The three pillars on which C4IR work are-
  • 4IR technologies such as artificial intelligence, the internet of things, blockchain and others.
  • Public-private cooperation– for example India recently announced drone services, an area where C4IR work with the Centre and several state governments.
  • Multi-stakeholder partnership- C4IR collaborates with various sectors —government, industries, start-ups, civil society, and consumers — for inclusiveness.

What is fourth IR?

• Industry 4.0—also called the Fourth Industrial Revolution or 4IR—is the next phase in the digitization of the manufacturing sector, driven by disruptive trends including the rise of data and connectivity, analytics, human-machine interaction, and improvements in robotics.
• The term 4IR was coined by Klaus Schwab, executive chairperson of the WEF, in 2016.