The United Arab Emirates government, in cooperation with the World Economic Forum (WEF), inaugurated the Center for Fourth Industrial Revolution that aims to develop solutions to emerging challenges and creating new business models that rely on modern technology.
The new center is aimed at preparing strategies, policies and developing solutions to the most pressing challenges in the region and the world. In addition, it works towards developing mechanisms, applications and uses for the Fourth Industrial Revolution in the UAE, and contribute to the development of the best techniques and practices towards positive and efficient changes in the life of individuals in line with the journey of development and progress in the region and the world.
Mohammad Abdullah Al Gergawi, minister of Cabinet Affairs and the Future, stated that the UAE is continuously developing new business models that are dependent on technology and the outcomes of the Fourth Industrial Revolution, to join global efforts for shaping a better future.
Borge Brende, president of WEF, said: "In the Fourth Industrial Revolution, countries and businesses need to move fast, and recruit emerging technologies like artificial intelligence and blockchain to serve everyone. But, we need to set integrated frameworks to employ this technology in a deliberate manner to enhance its uses and minimize the risks."
The center's work model focuses on studying the drastic changes occurring in the global economies, communities and policies in order to unify visions and coordinate efforts to benefit from the emerging technology tools and digital transactions in developing services and uncovering new promising opportunities.
The center covers main technology sectors, including Precision Medicine, AI and Machine Learning and Blockchain.
The center works on developing applications of precision medicine and designing services that increase the benefits of human genome sequencing programs. In addition, a framework has been developed on the use of digital processing techniques, and providing teams for projects specialized in artificial intelligence and machine learning to cope with the new globalization in all its forms.
The inauguration of the Fourth Industrial Revolution Center in the UAE, the fifth of its kind in the world after the United States, Japan, India and China, comes as part of the strategic cooperation between the UAE government and the World Economic Forum.