The First Industrial Revolution introduced the use of steam power to mechanize production.
The Second Industrial Revolution saw a number of groundbreaking inventions in transport, telecommunications and manufacturing, including the use of electric power to generate mass production.
The Third Industrial Revolution brought the internet and other technological innovations, which have ushered society into the digital era.
Today, society is challenged by a Fourth Industrial Revolution, an age in which scientific and technological breakthroughs are disrupting industries, blurring geographical boundaries, challenging existing regulatory frameworks, and even redefining what it means to be human.
Emerging technologies such as artificial intelligence (AI), blockchain, drones and precision medicine are swiftly changing lives and transforming businesses and societies, inevitably posing new risks and raising ethical concerns. How can society ensure that its policies, norms and standards are able to keep up with these rapidly evolving technologies?
The World Economic Forum has chosen India as the base for its Centre for the Fourth Industrial Revolution – India is the world’s largest democracy having the second highest number of scientists and engineers – shaping the future.