Tag: Internet of Things (IoT)

Durban's port may soon get a revamp, but it needs to learn from the best in the world. During President Cyril Ramaphosa’s State of the Nation address in February he assured the nation that Transnet was “currently focused on improving operational efficiencies” at the country’s ports, “through procuring additional equipment and implementing new systems to reduce congestion”.

According to the World Economic Forum, artificial intelligence (AI) can contribute up to USD 15.7 trillion to the global economy by 2030. However, in Africa, AI market growth has stagnated. Estimated at USD 870 million in 2021, with marginal growth forecasted until 2024.

The agricultural sector is vital for the growth of our nation. Despite South Africa’s massive agricultural potential, we do not have enough local production to meet local demand, relying on importers to fill this gap.

Embracing innovation, and rethinking service capabilities – these are part of a vast realm of possibilities that have been opened across Africa through adoption of e-commerce, and for tech start-up companies, the opportunities are endless. 

According to analysts, it is estimated that the number of active Internet of Things (IoT) devices globally will surpass 25.4 billion in 2030. It is an astronomical figure and paired with the digital transformation of the global economy, data generation will grow exponentially.

As self-driving industrial vehicles mature and the Internet of Things (IoT) as well as wireless connectivity become more widespread, the mining industry in South Africa has shown a growing interest in automating haul trucks and other mobile equipment.

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.

The total amount of data created and consumed globally is projected to grow to more than 180 zettabytes by 2025, almost three times the 64 zettabytes of 2020. This makes data the cornerstone of any successful business in a digitally-transformed world. Several trends will help guide organisations on their path to becoming more data-driven.

Hybrid work, the rise of the Internet of Things, and analysing data close to the edge mean traditional ways of safeguarding data are no longer sufficient. Zero Trust has emerged as a more proactive way for businesses to keep their systems, data, and networks protected against compromise.

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.