Empowering South Asia with converging technologies - My Blog

Empowering South Asia with converging technologies

Empowering South Asia with converging technologies

Imagine this: The year is 2030 and Umair’s family in Bangladesh has been evacuated due to flash floods in his village and surrounding areas. They are temporarily accommodated along with others in a digitally fabricated house built by a

local innovation hub. The house is equipped with a photovoltaic ‘skin’ to harness solar energy as well as a rainwater collection and purification system. Meanwhile, his daughter seamlessly continues her education online using a

supplied device and personalized learning tools. Local authorities are tracking infectious disease outbreaks in the area using sewage biosensors  and medications are being delivered through a smart, resilient supply chain. Thanks to detailed

resource mapping provided by the local government via phone, Umair is able to access goods and services for his family. Because his family is registered on the adaptive social protection scheme, he is contacted by the government to ensure continuity of

services and eligibility for enhanced social assistance payment.

Sound like far flung science fiction? Not quite. It’s a distinct reality enabled by converging technologies—a synergistic combination of four groups of

technologies, including information technology, biotechnology, nanotechnology, and cognitive technology along with increasing application of Artificial Intelligence (AI).

The World Bank’s newly released report titled, The Converging Technology Revolution and Human Capital: Potential and Implications for South Asia looks at how the region can capitalize on

such technologies already sweeping the world, to accelerate human capital development and promote resilience to future shocks. The report comes at an opportune time when South Asian countries are struggling to recover and rebuild human capital in the aftermath of the COVID-19 pandemic. 

 

The converging technology revolution can build and protect human capital through improved service delivery; create jobs and innovation; and empower human capital through inclusion and trust

How converging technologies work to build human capital

The converging technology revolution is profound: It has the potential to build and protect human capital through improved service delivery; create jobs and innovation; and empower human capital through inclusion and trust.  In doing so, it can accelerate the building of human

capital and make nations more resilient in the face of new risks and shocks such as climate disasters, pandemics, and technology-induced disruptions in

employment.

Specifically, The Converging Technology Revolutionreport identifies four channels of interaction between technology and human capital: