Our network is preparing humanity for the Fourth Industrial Revolution
The Fourth Industrial Revolution is already here Image: Getty Images/iStockphoto
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Technological Transformation
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- The technological innovations of the Fourth Industrial Revolution bring enormous benefits to our daily lives, but also pose significant risks that are not yet fully understood.
- The Centre for the Fourth Industrial Revolution is working with governments, technology experts, NGOs and leading companies around the world to enable emerging technologies to be used for the greater good.
- The Centre is co-designing and piloting frameworks for governing technologies such as artificial intelligence (AI), blockchain, data policy and internet of things (IoT).
The impact.
The World Economic Forum was the first to draw the world’s attention to the Fourth Industrial Revolution, the current period of unprecedented change driven by rapid technological advances. Policies, norms and regulations have not been able to keep up with the pace of innovation, creating a growing need to fill this gap.
The Forum established the Centre for the Fourth Industrial Revolution and its network in 2017 to ensure that new and emerging technologies will help – not harm – humanity in the future. Headquartered in San Francisco, the centre launched hubs in China, India and Japan in 2018. The network further expanded its international footprint with the announcement of locally-run 4IR Centres in Azerbaijan, Brazil, Colombia, Norway (HUB Ocean), India (Mumbai), India (Telangana), Israel, Kazakhstan, Malaysia, Rwanda, Saudi Arabia, Serbia, South Africa, Türkiye, United Arab Emirates and United States of America (Centre for Advance Manufacturing).
The global network is working closely with partners from government, business, academia and civil society to co-design and pilot agile frameworks for governing new and emerging technologies, including artificial intelligence (AI), blockchain, data policy and internet of things (IoT).
What's the challenge to embracing the Fourth Industrial Revolution?
AI discriminating against women and minorities. IoT-connected devices creating data privacy concerns. Self-driving cars causing fatalities. We have all seen similar headlines before. The technological innovations of the Fourth Industrial Revolution have proven a double-edged sword. They bring enormous benefits to our daily lives, but also pose significant risks that are not yet fully understood.
Governance protocols – policies, norms, standards and incentives that influence technological development and deployment – are crucial for maximizing the benefits and limiting the dangers of new and emerging technologies. However, as governments struggle to keep up with the proliferation of technological advances, policies for governing these technologies have often been inconsistent and poorly coordinated. Some areas are heavily regulated, stifling innovation and research, while others are hardly touched, often leading to economic losses or even human fatalities with little or no repercussions.
In addition, companies are struggling to put in place their own internal policies or create industry-wide standards to stem quickly eroding public trust in the technologies they design and deploy.
All of this has created a strong need to bring together policy-makers, industry leaders, civil society voices and technology experts so that they can collaborate on designing policies that strike the right balance.
Our approach to the Fourth Industrial Revolution.
In response to this need, the Forum launched the Centre for the Fourth Industrial Revolution Network to co-design, test and disseminate flexible and pragmatic policy frameworks for governing new and emerging technologies. The centres throughout this global network provide a space where leading technology companies, start-ups, governments, international organizations, academia and civil society can work together to develop policy recommendations that minimize risk without stymieing innovation.
These practical policy frameworks can then be adopted by policy-makers, legislators, regulators and companies worldwide to maximize the benefits of emerging technologies.
The Centre for the Fourth Industrial Revolution Network is pioneering creative governance approaches for emerging technologies that fall under one of its four Platforms:
How can you get involved?
We are looking for visionary leaders and innovators who want to join us in our mission to guide technological development in the interest of humanity.
We invite governments, companies and technology experts who want to learn more about our work to get in touch.
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