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Tag: 4th Industrial Revolution (4IR)
The 4th Industrial Revolution (4IR) is a digital revolution that has massive transformative potential. Technology is rapidly evolving, and if used correctly, it can improve both the spend and quality of business operations. However, without the right skills within the business, technology is either used ineffectively or not used at all, which can be detrimental.
Fifth-generation (5G) wireless broadband is no longer a future technology - it’s here and is already available in limited key metropolitan areas in South Africa. The country, with its limited internet access and infrastructure, high data costs and ailing economy, can benefit in multiple ways from 5G.
Sub-Saharan African is challenged and blessed with a dynamic mix of formal and informal sectors, laced with effective and ineffective layers of entrepreneurial behaviour and action.
Higher education institutions have long been considered to be the repositories of knowledge and learning and the structures through which knowledge is produced and disseminated. They have survived sweeping societal changes created by technology – the moveable-type printing press, previous industrial revolutions, information and communication technologies, electronic media and computers.
The recent announcement that heavyweight Wall Street bank, JP Morgan Chase has agreed to buy UK Robo-Adviser, Nutmeg, indicates the far-reaching effects of COVID-19 on the financial advice and wealth management industry as big business embraces this new model.
With the large-scale advent of the 4th Industrial Revolution (4IR), the world is in constant flux. This has been exacerbated by the fallout of COVID-19. To be relevant in the next few decades, any business that wants to develop their leadership cadres will have to embrace drastic transformations in their approach to every area of leadership formalisation, modelling, training and development.
As we navigate the turmoil and disruption caused by the COVID-19 pandemic, all eyes are on keeping each other safe while preparing for a post-pandemic world. The custodians of this post-pandemic future are young people – and when one considers that the official unemployment rate for people under 35 in South Africa is 46.3%, the urgency of meaningful and sustained youth empowerment cannot be understated.
The processing of personal data has become increasingly valuable and lucrative for businesses. It offers opportunities for economic growth, social advancement, and research. However, it can also pose risks to the rights of individuals, their basic human rights.
Over the last few decades, technology has slowly shaped our world into one our grandparents wouldn’t recognise. Some of that change has been about the gadgets in our homes and in our pockets. Much else has been driven by researchers and scientists using powerful supercomputers to answer life‑changing questions and make ground-breaking discoveries in life sciences, physics, chemistry, and astronomy.
Failure to implement effective compliance and accountability systems is costing the public sector dearly and making supply chains fertile ground for corruption. If the South African government is serious about stopping the rot, strict measures need to be introduced in state departments and safeguards against cyberattacks significantly improved.