Technology, Innovation and Creativity
The world has experienced massive transformations and drastic improvements with the introduction of technology in our lives. Innovations, creativity and inventions have become the basic pillars of development in every society. Humanity has recognised the benefit of technology. Developing economies are providing services to improve the livelihood of citizens through technology.
Today, our lives hugely depend technology and we cannot overlook the significance and substance that technology produce. This has made it very necessary for individuals, organisations, governments and international actors across the globe to adapt and adopt new systems of operating businesses and running institutions to keep up with trends
To become the World’s biggest platform for shaping future development through universal access to technology, its application, management, governance and regulations to better the state of humanity, especially in developing countries.
Intended to pursue development and transformation of technological development of the world in a manner that uplifts and impacts developing economies to make life better and more convenient. Apply strategic thought leadership to effectively deploy technology for national and socio-economic transformation in countries facing challenges and crises in development.
The Fourth Industrial Revolution - Industry 4.0
Previous industrial revolutions liberated humankind from animal power and made mass production possible and brought digital capabilities to billions of people. The Fourth Industrial Revolution (4IR) brings emerging technologies, which are blurring the traditional boundaries between the physical, digital and biological worlds 4IR provides the world with the potential to regenerate the natural environment, connect billions more people to digital networks and dramatically improve the efficiency of organizations.
Emerging technological breakthroughs in fields such as artificial intelligence, robotics, the Internet of things, self-driving cars, 3-D printing, nanotechnology, biotechnology, quantum computing, neuro-technological brain enhancements, and genetic editing are driving the 4IR.
The fourth industrial revolution is all about standards, accuracy, and tolerance. Ensuring that the level of technical quality is high and precise, as well as design optimization to ensure a positive impact on manufacturing yields. Concerning the 4IR's development and improvement, issues of disruption and distraction have emerged in areas such as jobs, employment, occupational stability, and other changing trends in business processes that necessitate a new set of skills, competence, and knowledge. Also, the Digital Revolution has defined the beginning of the third millennium and introduced a new model of operational systems and global orders.
As a matter of proactiveness and urgency, it has been determined that it is most appropriate to deploy systems, structures, and mechanisms to address these challenges and risk factors, as well as properly align things to enable harnessing the absolute benefits that these phenomena create. That is why it has fallen on Leadership and Government in good time and under the right circumstance to establish the World Technology Forum.