Impact of digital revolution on work & play

The second annual Accenture Innovation Conference hosted a thought-provoking discussion on how the digital revolution is reshaping the ways in which we work, live, and play. CNBC Africa's Avi Ramdila engaged in a conversation with Valerie Fox, Chief Innovation Consultant at The Pivotal Point, shedding light on the transformative potential of emerging technologies such as artificial intelligence, robotics, virtual reality, and augmented reality. Fox emphasized that these advancements are not only changing the tools we use but are fundamentally altering how we approach work and learning. She highlighted the unique opportunity South Africa has to capitalize on this new wave of innovation by enabling its youth and fostering a culture of collaboration and partnership. Fox underscored the need for countries, including South Africa, to embrace this new frontier and cultivate a supportive ecosystem for entrepreneurs to thrive. Fox, drawing from her extensive global travels, emphasized the importance of recognizing and nurturing local talent. She commended organizations in South Africa such as 'The Hook Up Dinner' and 'Impact,' which are championing entrepreneurship at the grassroots level. Fox also highlighted the innovative precinct in Braamfontein, spearheaded by Prof Barry Dwolsky, as a hub for fostering innovation and attracting both entrepreneurs and corporations interested in partnering with emerging startups. She encouraged South Africa to learn from successful initiatives abroad and leverage its local talent pool to drive innovation forward. Reflecting on her experiences in Canada, Jamaica, and the United States, Fox noted that entrepreneurship thrives when individuals collaborate and share resources. She observed that many entrepreneurs in these countries were not maximizing their potential by working in isolation. By contrast, she highlighted examples from Atlanta, Georgia, where universities and incubators are joining forces to create a more cohesive entrepreneurial ecosystem. Fox emphasized the importance of fostering collaboration not only within South Africa but across borders, creating a global network of innovation and partnership. When asked about the availability of business incubators in Africa, Fox highlighted the need for more incubators to support the growing number of young entrepreneurs on the continent. She stressed the importance of building incubators within cities and communities to provide the necessary support and resources for entrepreneurs to succeed. By nurturing a thriving ecosystem of innovation and collaboration, Africa can unlock its full potential and position itself as a center for entrepreneurial excellence. In conclusion, Fox's insights underscore the transformative power of the digital revolution and the opportunities it presents for South Africa and the broader African continent. By embracing innovation, cultivating local talent, and fostering collaboration, countries can harness the full potential of emerging technologies and drive economic growth and prosperity in the digital age.