bottomline
Africa must jump on the digital bandwagon or risk being run over by it
Because it is less industrialised, the continent has less job-loss risk and stands to gain from opportunities created by digitalisation
Fears are growing that new technologies such as artificial intelligence (AI) and the internet of things (IoT) will trigger job losses because they will be able to replicate human activities at a faster pace and at scale. In Africa, however, there is evidence that digitalisation could create new opportunities, particularly for entrepreneurs, and bring more inclusive growth through real job creation.
The World Bank estimates that digital transformation could enhance regional economic growth by up to 2% per year, creating new opportunities for growth through innovation. There is a window of opportunity here to reimagine Africa’s challenges as opportunities, using technology to innovate new products, services and business models to improve service delivery and address unmet demand...
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