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Tag: 4th Industrial Revolution (4IR)
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.
If businesses have learned one thing during the pandemic it is that resilience, rather than being a tactic to respond to crisis, is a discipline cultivated over time. Today, to not have a digital strategy is to not have a strategy. To build resilience at work, organisations need to start thinking about virtual and remote models, provision of tools that enable collaboration from anywhere, and strategies to look after their peoples’ mental health and wellbeing.
The Protection of Personal Information Act (POPI) is a crucial statute for organisations to get right. Not only because the 4th Industrial Revolution (4IR) is all about data and information but also because a breach of the POPI Act could result in imprisonment and fines.
Broad-based Black Economic Empowerment (B-BBEE) is a prerequisite for doing business in South Africa, and training forms a significant portion of the B-BBEE scorecard. However, training is also critical to help address the skills shortage in the country that is only growing as we move into the 4th Industrial Revolution (4IR).
We began 2020 with the understanding that we were in the 4th Industrial Revolution (4IR). As we grappled with what that means for us as leaders, what changes we would need to make, and what training our employees would need, we were hit with the global pandemic that COVID-19 brought.
Although the rise of COVID-19 presented many challenges to our country in the year 2020, it stimulated the growth of technological innovations that we can build on to the effects on how we do business, how we trade, how we work, how we produce goods, how we learn, how we seek medical services and how we entertain ourselves in 2021.
It’s hard to imagine a world without technology – the speed and ease of the internet, and daily innovation that continues to disrupt business models. Across industries, we are starting to notice businesses of all sizes embrace the digital economy to create value, increase efficiency, and adapt to stay ahead of competitors.
In 2020, the world found itself in a state of flux. A global pandemic disrupted the world order while the digital transformation that is the 4th Industrial Revolution (4IR), with its challenges and huge potential benefits, presented a fundamental paradigm shift.
The Department of Higher Education and Training (DHET) has submitted its preliminary Critical Skills List to the Department of Home Affairs (DHA) for review. The list is publicly available from the DHET’s website and companies should start reviewing it in anticipation of a round of public commentary before it is finalised.