Technology and Innovation

The New Oil of the 21st Century: Sri Lanka’s Need for Data Scientists

The term ‘data scientist’ did not exist a little more than a decade ago. However, with the increasing rate of technological progress, the term “data scientist” is now casually thrown around in the tech realm. This blog argues that developing more data scientists can help Sri Lanka not only develop local businesses, but also earn foreign exchange.

Data, the Driving Force of the Fourth Industrial Revolution (4IR)

The new technological advancements in the Fourth Industrial Revolution (4IR) are altering the way people live, work, and interact with one another. Since the technologies of the 4IR are highly dependent on data, including big data, it is important to formulate strong policies to facilitate the sharing and protection of data. Another major requirement is to ensure that necessary infrastructure, especially access to the internet, is in place, so that the benefits of the 4IR can be enjoyed by all.

Farm Smart! Developing Sri Lanka’s Agriculture Sector in the 4IR

Rapid population growth has put tremendous pressure on the world’s agricultural systems to provide safe and nutritious food to all. Unfortunately, productivity growth has been hampered by land and water resources degradation and climate change. As it stands, emerging technologies of the 4IR can overcome the structural weaknesses of the current food systems and deliver more productive, competitive, and sustainable outcomes. This blog examines the ways in which such technologies can revolutionise the agriculture sector in Sri Lanka.

Growth and Equity: Achieving SDGs in South Asia in the Age of 4IR

The world is on the cusp of the Fourth Industrial Revolution (4IR), which is affecting the way people live, work, do business, and interact. Newly emerging technologies such as robotics, artificial intelligence (AI), internet of things (IOT), virtual reality, and 3D printing are fast becoming the new normal. Therefore, it is important to explore the development challenges for South Asia in the new era of the 4IR. In this context, one of the plenary sessions at the 12th South Asia Economic Summit (SAES XII) explored the links between 4IR and SDGs at the regional level.

South Asia’s Trajectory through Innovations and Disruptions in the 4IR

The primary issue that arose at the plenary on ‘Promoting Innovation and Disruption in the Fourth Industrial Revolution (4IR)’, at the 12th South Asia Economic Summit (SAES XII), organised by the IPS, was the role of disruption in the status quo. The panel deliberated on whether governments and corporations should embrace and utilise disruption despite its drawbacks, or regulate extensively to curb it.