Klaus Schwab, Founder and Chief Executive Chairman of the World Economic Forum (WEF), has encouraged government, civil society and business to embrace the 4th Industrial Revolution. Schwab said this when delivering the keynote address at the 6th Council for Scientific and Industrial Research (CSIR) Emerging Researchers Symposium in Pretoria, South Africa on Thursday, 28 June 2018.

Schwab is also in South Africa for a roundtable discussion on investment with the Office of the President, Cyril Ramaphosa.

โ€œIt is just not enough to understand it. We all have to embrace the 4IR โ€“ we have to work together to jointly exploit new technologies for the future. Despite different opinions, the common interest should be for the sake of the country, to create strong, inclusive, and sustainable growth,โ€ said Schwab.

Schwab is mostly credited with defining what the 4th Industrial Revolution is in his book which also explains how leaders and regulators need to act soon enough to ensure that 4th Industrial Revolution technologies can help create jobs and not leave millions out in the cold. He also has a new book published which aims to guide people in understanding the 12 sets of emerging technologies from a systems perspective and better appreciating the rules, norms, institutions and values that shape their development and use.

Also present at the symposium was South Africa's Minister of Science and Technology, Mmamoloko Kubayi-Ngubane. Kubayi-Ngubane said that the support for young scientists was one of the key objectives of the Department of Science and Technology (DST).

โ€œThis symposium plays a very critical role in the development of human capital that South Africa needs in order to address poverty, unemployment and inequality in the country,โ€ said Minister Kubayi-Ngubane.

Minister Kubayi-Ngubane also added that South Africa was already at the forefront of big data through projects such as the Square Kilometre Array and the CSIRโ€™s Centre for High Performance Computing, adding that the country will invest appropriately to ensure the benefits of disruptive technologies.