Tag: Artificial Intelligence (AI)

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.

The 4th Industrial Revolution; a wave of exponential and converging technological progress that is washing over every facet of our world. It is demolishing our received wisdoms about how the world works and should be structured. It is leaving the less agile to be tossed aside as disrupted detritus while the bold, the prescient and the innovative create and capture new opportunities.

As with any other profession, artificial intelligence (AI) has lawyers wondering how it will disrupt theirs. Unlike the lift operator, AI is not set to replace lawyers (just yet), but rather to increase performance and enhance client service. 

As any business grows, data sharing increases in both volume and frequency. Every one of these digital relationships presents an expanding set of cyber risks. Cyber security has become a major priority for every organisation. The right controls and procedures must be put in place to detect potential attacks and protect against them. However, with the ever increasing risk of a cyber-attack businesses are finding it increasingly difficult to keep up with the rapidly evolving cyber threats?

With an estimated two thirds of jobs in South Africa at risk of automation, it would be naïve for organisational leaders and managers to think their positions are immune.

The selfie. Love it or hate it, it is undeniable that it has become a central element of global culture, transcending boundaries of geography, religion, and status. Nothing embodies the influence of technology on our lives more than the phenomenon of the selfie.

Technological advancement is a main driver of economic growth, productivity, and operational efficiencies. Today, these technological advancements are largely in the fields of Artificial Intelligence (AI) and machine learning (a subset of AI) – the ability of machines, through the use of algorithms, to interpret data, predict outcomes and learn from successes and failures. This technological development, known as the 4th Industrial Revolution, is going to bring enormous change to how we live and work.

Modern living revolves around connectivity. We may leave our wallets when leaving home but never our mobile devices. LG has released their latest smartphone the LG G7 ThinQ. The mobile device space has matured significantly in the past two years with form factors and specifications becoming very similar across all top devices.

Is South Africa headed down a road of jobless growth where a capital-intensive economy is incompatible with a labour-intensive need? According to an International Labour Organisation (ILO) report reviewed in Forbes Magazine, 11 August 2017, there are about 71 million unemployed 15 to 24-year-olds around the globe, many of them facing long-term unemployment. This is close to a historic peak of 13%.

In manufacturing, the rise of ‘smart factories’ has re-invented the way factories operate, leveraging data, analytics and ‘connected everything’ to enable unprecedented levels of automation and optimisation.