Hyderabad witnessed the inauguration of the World Economic Forum’s (WEF) Centre for Fourth Industrial Revolution (C4IR) during the concluding day of BioAsia 2024.
About Centre for Fourth Industrial Revolution (C4IR):
- The C4IR is a global platform for cooperation and dialogue between multiple stakeholders.
- The C4IR’s goal is to use technological progress to transform societies, economies, and industries in a human-centered and equitable way.
- The C4IR’s initiatives includes: AI and machine learning, Bioeconomy, Autonomous systems, Climate and agri-tech, Data economy and policy, Digital inclusion, Digital safety and trustworthy technology.
- C4IR India: It is a collaboration between the World Economic Forum and the Government of Maharashtra, coordinated by the National Institute for Transforming India (NITI).
C4IR Hyderabad:
- The C4IR in Hyderabad is the world’s first thematic centre focusing on healthcare and life sciences.
- The C4IR’s focus is on the interplay between technology and life sciences in the region and globally.
- It will accelerate the development and adoption of newer technologies, including personalized medicine, genomics, and healthcare manufacturing.
- The C4IR will also work with partners to design and scale solutions to address challenges.
- C4IR Hyderabad is the 18th centre to join the Forum’s Fourth Industrial Revolution Network, which spans four continents.
- The C4IR network began operation in 2017 in San Francisco and also has centers in China and Japan.
Key Objectives and Vision
- Job Creation and Startups:
- Aims to create over 10,000 job opportunities in healthtech.
- Seeks to foster 20-25 emerging companies and startups.
- Ideation and Innovation:
- Aims to generate 10-25 novel ideas through its registry.
- Emphasizes the importance of creating a conducive environment for innovation in healthcare.
- Skill Development:
- Vision includes skilling nearly 50,000 local graduates over the next five to six years.
- The launch of a high-throughput skilling program, starting with medicinal chemistry and analytical chemistry.
Focus Areas of C4IR
- Real-World Evidence:
- Concentrates on gathering real-world evidence to enhance decision-making in healthcare.
- Healthcare Analytics and Informatics:
- Utilizes advanced analytics and informatics to derive valuable insights in the healthcare domain.
- Software as a Medical Device:
- Exploration of software-based solutions for medical purposes.
Initiatives and Programs
- Clinical Registry:
- Currently undergoing a pilot phase in three hospitals before statewide implementation.
- Aims to improve healthcare outcomes and facilitate better resource allocation.
- Clinical Innovation Sandbox:
- Under development to foster startups and innovations.
- Partnerships established with 15 clinical sites to expedite the validation of innovative products and devices.
- Allows prototypes and products to undergo testing in clinical settings.
- Data Analytics Lab:
- Establishment to drive innovation in clinical and wearable devices.
About Fourth Industrial Revolution (4IR):
- Industry 4.0, also known as the Fourth Industrial Revolution or 4IR, signifies the upcoming stage in the digitization of the manufacturing sector.
- This evolution is propelled by disruptive trends such as the increasing prominence of data and connectivity, advancements in analytics, human-machine interaction, and improvements in robotics.
- Steam propelled the original Industrial Revolution, electricity powered the second, preliminary automation and machinery engineered the third and cyber-physical systems, or intelligent computers are shaping the Fourth Industrial Revolution.
- The 4IR builds upon the inventions of the Third Industrial Revolution, also known as the digital revolution, which spanned from the 1950s to the early 2000s and introduced computers, various electronic devices, the Internet, and more.
Applications of 4IR:
- Connectivity, data, and computational power: Cloud technology, the Internet, blockchain, and sensors.
- Analytics and intelligence: Advanced analytics, machine learning, and artificial intelligence.
- Human-machine interaction: Virtual reality (VR) and augmented reality (AR), robotics and automation, and autonomous guided vehicles.
- Advanced engineering: Additive manufacturing (such as 3-D printing), renewable energy, and nanoparticles.
Applications of 4IR in Healthcare are Life sciences
- 4IR is transforming healthcare and medicine through advances in data science, AI, genetic engineering, nanotechnology, synthetic biology, and genomics.
- Artificial intelligence: AI involves developing algorithms and computer programs that can perform tasks that would normally require human intelligence, such as speech recognition and visual perception.
- Advanced robotics: Using advanced robotics in healthcare makes patients experience quick recovery and seamless treatment.
- Big data: 4IR uses vast amounts of data to train AI models, create machine learning algorithms, and automate analytics.
- Implementing evidence-based care through health profiling and clinical registries.
- High-end IoT devices: Utilizing wearable devices for monitoring, recording, visualizing, and sharing symptoms.
Challenges:
- Cybersecurity: Healthcare organizations are often targets for cybercriminals because of the nature of patient information they collect and store.
- Complex medical data: Medical data can be complex and difficult to express in a standardized manner, making automation particularly challenging.
- Inconsistent standards: The rapid innovation rate in medicine can lead to inconsistencies in the application of standards, exacerbated by significant merger and acquisition activity.
Ref:Source
| UPSC IAS Preparation Resources | |
| Current Affairs Analysis | Topperspedia |
| GS Shots | Simply Explained |
| Daily Flash Cards | Daily Quiz |