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To prepare for uncertain times, we need to develop robust business models and structures that allow for experimentation and to see what grabs and what doesn’t grab. The engineering and construction sector has been operating in the same way for decades, is one of the least digitised industries in the world (21 out of 22 industries) and has not enjoyed significant productivity growth in recent years.
The Presidential Commission Report on the 4th Industrial Revolution makes several strategic recommendations, but it needs to be followed by agile policy and regulation. The Presidential Commission on the 4th Industrial Revolution (the Commission) was tasked with drawing up a strategy to enable South Africa to participate fully in the fourth industrial revolution (the 4IR). Its report was published on 23 October 2020.
COVID-19 cannot take all the blame for the disruptions taking place in the global economy. The pandemic and resultant lockdown simply provided a conduit for highlighting the failings across industries in South Africa, whether that is healthcare, public transport, education, or others.
Businesses must release new, exciting digital experiences and products at higher velocities than ever before to remain relevant and continue to increase their share of wallet in this brave new world which we refer to as the post-digital era. This unprecedented pace of innovation has several unintended consequences, which, if not purposefully addressed, can erode trust and alienate customers.
An interview with Jessica Knight, Strategic Manager, CURA Software Solutions, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing that as a society, we are on the precipice of The Fourth Industrial Revolution (4IR), and we are only just beginning to understand the radical effects it will have on the way we communicate, live and work.
As a society, we are on the precipice of The Fourth Industrial Revolution (4IR), and we are only just beginning to understand the radical effects it will have on the way we communicate, live and work.
The 4th Industrial Revolution (4IR) has become a buzz word in many forums discussing global economic trends. The revolution is presented as the next inevitable event that will sweep the entire world.