South Africa is failing to ride the digital revolution wave. What it needs to do
By Antonio Andreoni, Associate Professor of Industrial Economics, UCL Institute for Innovation and Public Purpose and Visiting Associate Professor, SARChI Industrial Development, University of Johannesburg
Elvis Avenyo, Senior Researcher, Centre for Competition, Regulation and Economic Development, University of Johannesburg
Workplaces are adopting new forms of advanced automation at a rate that suggests a digital revolution in the making.
Digital technologies such as sensorisation, networked data analytics, and artificial intelligence make it possible to collect data along the entire chain of production and consumption activities. They also enable the data to be used for a host of other purposes. These include shaping markets and industries, offering benefits like reducing production costs and time to market, and increasing product and service quality.
But it is a revolution that is playing…
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- Thursday, December 2nd 2021