Johannesburg : Prime Minister Narendra Modi on Thursday said that India will work with other member states of the BRICS economic bloc to prepare for the Fourth Industrial Revolution while reiterating India’s commitment to multilateralism, international trade and rule-based world order.
Addressing the plenary session of the 10th BRICS (Brazil, Russia, India, China, South Africa) Summit here, Modi said that everybody knows the importance of working together to fight the challenges thrown up by cyber security, reports IANS.
“Industry 4.0 will further increase these challenges and needs,” he said.
“India will like to work with the BRICS on the issue of the Fourth Industrial Revolution. We need to together prepare best practices and policies in this connection.”
Founder and Executive Chairman of the World Economic Forum Klaus Schwab is credited with coining the term Fourth Industrial Revolution for having written a book by the same name.
It is the fourth major industrial era since the initial Industrial Revolution of the 18th century and is characterised by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
It is marked by emerging technology breakthroughs in a number of fields, including robotics, artificial intelligence, block chain, nanotechnology, quantum computing, biotechnology, the Internet of Things, 3D printing and autonomous vehicles.