New Delhi: Prime Minister Narendra Modi on Thursday said that the components of “Industry 4.0” actually have the ability to transform the present and future of human life.
He said this while addressing the gathering after inaugurating the Centre for fourth Industrial Revolution in New Delhi. He said the launch of this Centre, the fourth in the world after San Francisco, Tokyo and Beijing, opens the door to immense possibilities in the future.
“Emerging fields, including Artificial Intelligence, Machine Learning, Internet of Things, Blockchain, and Big Data, can take India to new heights of development, and improve the quality of life of its citizens,” the PM added.
He said that for India, this is not just an industrial transformation, but a social transformation. Industry 4.0 has the strength to drive irreversible positive change in India. He added that it will help bring the required speed and scale to work being done in India.
The Fourth Industrial Revolution (4IR) is the fourth major industrial era since the initial Industrial Revolution of the 18th century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres, collectively referred to as cyber-physical systems.
It is marked by emerging technology breakthroughs in a number of fields, including robotics, artificial intelligence, nanotechnology, quantum computing, biotechnology, the Internet of Things, the Industrial Internet of Things (IIoT), fifth-generation wireless technologies (5G), additive manufacturing/3D printing and fully autonomous vehicles.
The fourth wave of the industrial revolution is expected to see the heavy implementation of several emerging technologies with a high potential of disruptive effects.