Tag: 4th Industrial Revolution (4IR)

Fast internet throughout South Africa is key to many benefits, including the ability to work remotely in remote areas, increased access to education and technology, and more.

Technological advancement is fundamental for economic development. The more accessible the tech is for citizens, the more rapidly the local economy can progress. In South Africa, a commitment to embrace the '4th Industrial Revolution (4IR)' has been a fixture of national government rhetoric for several years.

Around the developing world, informal retail continues to be a powerful social force, employing millions of people who might otherwise not have jobs, driving economic activity in spaces that formal business has not penetrated, and providing essential goods and services for the under-served. Giving this sector a deep knowledge of their market – enabling them to stock preferred brands and products, and even offer credit to loyal customers.

The world is emerging from the COVID-19 pandemic, more fragmented and further away from the more equal and equitable iteration imagined in 2015 when the Sustainable Development Goals (SDGs) were conceptualised. As we hurtle at seemingly lightning speed towards the 2030 deadline to achieve these goals, the urgency is palpable.

Coding and programming, Artificial Intelligence and Internet of Things (IOT) are part of a student skills transfer programme that will be fostered by a twining agreement between Walter Sisulu University (WSU) and Samsung through the Centre for Entrepreneurship Rapid Incubator (CfERI).

Industry 4.0 can exponentially grow developing economies and combat resource-related challenges. The manufacturing sector is South Africa’s fourth largest sector and a key driver of economic growth. However, industrialisation challenges in recent decades and the relatively slow adoption of new technologies have hampered the true potential of this industry.

Attracting, developing, and engaging a diverse pipeline of young talent is vital to the future of any organisation. This involves building a team with a wide spectrum of skills and professional backgrounds who can come up with more creative solutions to the everyday challenges faced in the workplace.

We’ve all grown accustomed to hearing about the cloud and how it has changed businesses, delivering new efficiencies and capabilities for the 4th Industrial Revolution (4IR). Two years into the pandemic, we can also safely assume that most companies have made at least some strides and investments into cloud computing.

Broad-Based Black Economic Empowerment (B-BBEE) funded bursaries are the answer to South Africa’s staggering youth unemployment rate. How can we fix youth unemployment in South Africa? One of the greatest challenges we face, has been called a ticking time bomb on more than one occasion.

The 4th Industrial Revolution (4IR) and the rate of technological change presents a unique challenge for CFOs who have the complex task of ensuring alignment between finance and the entire organisation on the road to digital transformation.