South Africa, Africa and the rest of the world is in the middle of the Fourth Industrial Revolution. 4IR is happening all around us.
Looking around our country and at the lives of our people, you may be tempted to deny it BUT denying it will be the cause of your demise. The world is changing and has moved to a Digital format of almost everything that we all know.
After my official appointment to be a Member of the Presidential Commission on the Fourth Industrial Revolution(4IR)- my knowledge has been broadened and greater understanding of the world- challenged!
I have my best foot forward with this consignment in order to ensure that I position South Africa as a globally competitive player in the 4IR. The world is moving and growing.
President Cyril Ramaphosa has entrusted me to advise government on policies. Develop framework for implementation of a multi-sectoral strategy, coordinate, monitor and evaluate multi-sectoral initiatives.
A CHANGE HAS COME!
The First Industrial Revolution was powered by steam, while the Second Industrial Revolution was ignited by the power of electricity. Both led to economic growth and massive gains for mostly European and American societies.
Contrary to popular opinion, for the countries who took advantage of the new technologies, both revolutions created more jobs than they destroyed.
The Third Industrial Revolution ushered in the Information Age and introduced us to computing, mobile communications and the first wave of the internet. It is virtual and people orientated, and the products of it - Google, Facebook, Twitter, eBay - exist almost entirely online, without touching the physical world. It tore down communication barriers, made neighbours out of enemies.
Recently, South African president Cyril Ramaphosa has indicated that South Africans should gear up for more possible job losses. In the 18 months the President has been in office he has cited that amongst the problems: ▪ Technology: As our tech-knowledge increases, more jobs will be automated, limiting the need for human input.
▪ Globalisation: South African trades are struggling to compete with cheaper foreign markets.
▪ Climate change: As we’ve seen with recent droughts, extreme weather events are crippling our agricultural industry.
▪ Low economic growth: Mzansi, with its failing SOEs and history of corruption, has been its own worst enemy.
Given the above four problems, I have well researched and noticed that technology advances have been the biggest factor in the recent years. I have been a blockchain expert for the past 5 years. I have been working on solutions to see a positive change in Africa. I have been to most countries in Africa and Europe identifying the effects that the Fourth Industrial Revolution is bringing to the world
During all three of these revolutions, Africa was left behind.
The Fourth Industrial Revolution is the second wave of the internet. Fuelled by the increasing number of digital connections between people, and between people and things, and between things and other things.
But we cannot be left behind again!
If we work towards embedding the 4IR in our society, our economy will grow and our people will be in a much more stable, sustainable and more hopeful place.
I am often booked globally to Keynote on Blockchain Technology and more importantly the future of finance. I have worked alongside the Bill and Melinda Gates Foundation in their efforts in helping bank the 1.7 Billion unbanked people around the world. I have spoken alongside the likes of Karen G Mills, who was a member of President Obama's Cabinet. Through this Harvard Senior Fellow, I conducted extensive research about fostering innovation, growing entrepreneurs and fin-tech. I have advised Provincial Governments on fostering public private partnerships that foster transformation and inclusive growth.