Tag: Fourth Industrial Revolution

The only constant in a tech-driven world is change. Rapid advances in technology are driving change in the workplace. To remain competitive, businesses are having to implement new strategies that include technology, upskilling their workforce, employing agile leaders and promoting a culture of lifelong learning among managers and other employees.

Little is known about where the Fourth Industrial Revolution (4IR) will take the tourism industry globally, or indeed what the full impact of 4IR will be.

As the Fourth Industrial Revolution rages on, there needs to be a greater shift towards adopting an interconnected way of thinking if humans are to truly engage and optimise 4IR and beyond.

Read our exclusive cover story titled REWIRING YOUR BRAIN | ARE YOU CONNECTED INTO 4IR THINKING? by Mark Wilson, Managing Director, SYSPRO Africa, as well a host of other topical management articles written by professionals, consultants and academics in the October/November 2019 edition of BusinessBrief.

The Fourth Industrial Revolution (4IR) can and will deliver South Africa from the jobs and growth crisis in which it is mired. That is the truism that is being widely peddled as the panacea to the triple threat of poverty, unemployment and inequality in which the country finds itself.

Workforce transformation affects all aspects of business and companies must plan for the impact it is having and will continue to have on operations. The evolving business landscape means companies must start thinking now about the skills they need for the future.

Artificial intelligence (AI) is one of the key pillars of the Fourth Industrial Revolution, which is transforming and digitizing everything from backend customer service centres to procurement and supply chain management. In fact, AI capabilities are increasingly being embedded throughout organisational structures, opening up a new digital frontier that most companies, both large and small, are still grappling with on a day-to-day basis.

Considering a career in accounting? With technological advancements and artificial intelligence reshaping the industry, the profession is no longer what it used to be. Budding accountants need to be adaptable and open to the changes in this ever-shifting landscape.

Think back ± 20 years. You’re sitting at your childhood kitchen table receiving career advice from your company loyal father who encourages you to study hard, achieve good marks at university, with the ultimate goal of twisting your arm into joining an established company where you will spend an average of 25 years in a nine to five job before retiring and enjoying a life of ease from age 65.

With the fourth industrial revolution in full swing, businesses are looking for faster and more efficient ways to service customers. Customers are also increasingly tech-savvy and demand more from their service providers, including quicker access and more tailored offerings. Business must carefully assess legal issues that will have an impact on the ability not only to move to cloud, but also to have full beneficial use of cloud services.