Daily Current Affairs Update: 3 FEB 2023

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Hyderabad: Center for the Fourth Industrial Revolution

  • Recently, the World Economic Forum (WEF) has chosen Hyderabad, Telangana for establishing its Center for the Fourth Industrial Revolution (C4IR).
  • The C4IR Telangana will be an autonomous, non-profit organisation with a thematic focus on healthcare and life sciences.

What is the Fourth Industrial Revolution?

  • It is characterised by the use of technology to blur the boundaries between the digital, physical, and biological worlds, and is driven by data.
  • Key technologies include cloud computing, big data, autonomous robots, cybersecurity, simulation, additive manufacturing, and the internet of things (IoT).
  • The term 4IR was coined by Klaus Schwab, executive chairperson of the WEF, in 2016.

Examples of its Application:

  • Pacemaker: The pacemaker is a near-perfect example of the ongoing fourth industrial revolution (4IR).
  • Xenobots: Xenobots, which are less than a millimetre long, are known to be the first living robot, were created in 2020 from the stem cells of the African clawed frog and can be programmed using artificial intelligence.
  • Smart Railway Coaches: In November 2020, the Modern Coach Factory (MCF) at Raebareli, Uttar Pradesh, rolled out smart railway coaches that are fitted with a battery of sensors to provide a comfortable experience to passengers.

Challenges Associated with 4IR

  • Job Displacement: As automation and artificial intelligence become more prevalent, there is a concern that many jobs will be replaced by machines.
  • Privacy Concern: The increasing connectivity of devices and systems in Industry 4.0 increases the risk of cyber-attacks.
  • Ethical Concerns: As artificial intelligence and automation become more advanced, there are also concerns about ethical issues such as accountability, bias, and transparency.
  • Lack of Digital Infrastructure: Not all countries have the digital infrastructures for Industry 4.0, leading to digital divide and uneven economic growth.

What are the Other Industrial Revolutions?

  • First Industrial Revolution (1800s): It used water and steam power to mechanise production. Example: Steam engine.
  • Second Industrial Revolution (early 1900s): It used electric power to create mass production. Example: Electricity.
  • Third Industrial Revolution (late 1900s): It used electronics and information technology to automate production. Example: Computer and Internet.

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