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Global standards key to 4IR-driven prosperity

The rapid pace of technological transformation bears exceptional opportunities that will change the world, but it is important that the application of global standards must be ensured so that the new industrial revolution results in global prosperity for all, according to speakers at a seminar hosted by the UAE along with the United Nations General Assembly in New York.
Addressing the participants, Omar bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, said the digital age allows people to be better connected, and for products and services to speak to each other "with unprecedented efficiency, yet without clear guidelines governing these developments, its progress may be short-lived".
"In the UAE, we have a long history of embracing new technologies and delivering their benefits to our residents. We are delighted to be part of this discussion as we help to shape the future of regulation to improve lives all over the world," said Al Olama.
The event, held alongside the 74th Session of the UN General Assembly, was organised by the Global Manufacturing and Industrialisation Summit (GMIS), a joint initiative by the UAE and the UN Industrial Development Organization (Unido).  
Speakers included Li Yong, director-general of the Unido; and Badr Al Olama, head of the organising committee for the GMIS.
Badr Al Olama said the emergence of 4IR is changing the world, but without proper regula  tion, guidance or frameworks, these technologies can also lead to new risks and barriers.
"More importantly, without clear standards, the far-reaching benefits of interconnectivity could either be lost, or not reach all those who wish to participate," said Badr Al Olama. "Today's discussion focused on the importance of agreeing that there is a need for globally-recognised standards that protect the digitalisation of value chains. Ensuring inclusive trade in a digital world is a critical topic, and in my opinion, one that will determine the success of the digital revolution," he said.
The topics discussed will form the main themes for the next edition of the GMIS in 2020 which will take place from 20-21 April, alongside Hannover Messe, the world's largest industrial technology tradeshow, in Germany.
Olga Algayerova, executive secretary of the UN Economic Commission, Europe highlighted the importance of establishing common standards in security and policies, investing in education, and raising awareness between governments and the private sector to streamline technological innovations for the benefit of all. 
Mahmoud Mohieldin, senior vice- president for the 2030 Development Agenda, United Nations Relations and Partnerships, highlighted how developing countries and emerging markets do not have much to lose when adopting 4IR technologies and should invest heavily in the requirements that will allow them to leap forward, as seen in the transformation of many East Asian countries. 
This entails investment in human capital, skills development, and infrastructure. Mohieldin urged on increasing technological employment in the era of 4IR," he said. - issacjohn@khaleejtimes.com