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WEF partners with RIL to open Center for Fourth Industrial Revolution

IANS  |  Mumbai 

Limited (RIL) on Tuesday said that the (WEF) has partnered with the company to established a Center for (C4IR) in

"The today announced establishing a new center in .. This is being set-up in partnership with the and Limited," the company said in a release.

"The C4IR in will operate as the sister center to the Center for the in San Francisco, allowing policymakers and thought leaders in to stay ahead of the curve through unique insights in new forms of governance and new technology applications, and connections with cutting-edge globally."

According to the company, the "new economy" will greatly benefit from the outcome of the in a digital age and is expected "to create significant value to countries that embrace them quickly by accelerating their GDP and job growth".

"These opportunities include Artificial Intelligence and Machine Learning, Internet of Things (IoT), Blockchain amongst many others," the statement said.

Further, the company pointed out that WEF has identified India as a partner since it is a key economic, political and social shaper of the 21st Century's global, regional and industry systems, which is also on the cusp of a massive digital transformation.

"The capability for India to maximise the potential and minimise the risks of the Fourth Industrial revolution, both domestically for its and society, and globally as a major economic and social innovator -- and cultural influencer - will be one of the foremost drivers for prosperity and peace over the coming decades," the statement said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 23 2018. 21:52 IST