UAE: 4IR crucial for economic growth, says expert
The fourth industrial revolution is introducing significant changes to the manufacturing industry, according to Zhang Feng of the Chinese Ministry of Industry and Information Technology
The fourth industrial revolution (4IR) is a critical element in economic growth, as evident in how Big Data, cloud computing, and robotics are changing the manufacturing industry.
This is the view of Zhang Feng, chief engineer at the Chinese Ministry of Industry and Information Technology, who highlighted the role of 4IR in enabling economic transformation and development at the inaugural Global Manufacturing and Industrialisation Summit (GMIS 2017).
According to state news agency, WAM, Feng described the rise of 4IR as crucial for technology, innovation, and economic stimulation.
He said: “Big Data, cloud, robotics, and more are changing the way in which manufacturing and production happens."
Such technologies, he added, "are even changing our lives, by transforming the manufacturing sector, driving sustainable development, and governance”.
Talking about the Chinese economy's growth, he noted that it is "evolving into a more advanced stage, entering the new normal of the fourth industrial revolution”.
"We consider innovation to be a driving force of this change, and it plays a key role in the China Manufacturing 2025 vision," Feng said.
The inaugural Global Manufacturing and Industrialisation Summit, is taking place at the Paris-Sorbonne University, in Abu Dhabi, under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. It opened on 27 March and is set to conclude today.
The summit, which is co-chaired by the UAE Ministry of Economy and the United Nations Industrial Development Organisation (UNIDO), is the world’s first global gathering for the manufacturing community, bringing together leaders from governments, businesses, and civil society organisations.