What it will take for Africa to leapfrog into the Fourth Industrial Revolution?
Africa missed the first three industrial revolutions but the continent can lead if not leapfrog into the Fourth Industrial Revolution? But how, is the question. CNBC Africa spoke to Crystal Rugege, the Managing Director of the newly established Centre for the Fourth Industrial Revolution for more.
Wed, 06 Apr 2022 15:01:26 GMT
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AI Generated Summary
- Africa's digital transformation driven by increased access to technology has the potential to revolutionize healthcare, connectivity, and job creation.
- The cost of ignoring the fourth industrial revolution could result in economic setbacks, social inequality, and global disparities in technology adoption.
- The Centre for the Fourth Industrial Revolution aims to drive tangible outcomes by bridging the gap between stakeholders, shaping policies, and promoting human-centered and ethical technology governance.
Africa may have missed out on the first three industrial revolutions, but the continent is poised to lead the charge in the fourth industrial revolution. Crystal Ruyaje, the Managing Director of the newly established Centre for the Fourth Industrial Revolution, believes that Africa, and specifically Rwanda, are well-positioned to harness the power of emerging technologies to transform lives and economies. With increased access to the internet, affordable devices, and mobile technologies, Africa is on the brink of a digital transformation that could revolutionize healthcare, connectivity, and job creation. Ruyaje stresses the importance of not being left behind in this rapidly evolving landscape. She highlights the need for innovation to create opportunities, particularly for the youth, who can leverage technology to create businesses, disrupt industries, and improve communities. The key lies in unleashing innovation and utilizing existing infrastructure to propel Africa forward into a new era of growth and prosperity. The cost of not embracing the fourth industrial revolution could be immeasurable, with implications for economic development, social inequality, and global competitiveness. Ruyaje warns of the risks of data exploitation and emphasizes the need for strategic use of technology to drive inclusive growth. The Centre for the Fourth Industrial Revolution aims to be a 'do tank,' bridging the gap between stakeholders and driving tangible outcomes. By engaging governments, the private sector, academia, and civil society, the Centre seeks to shape policies, regulations, and technologies that are human-centered and ethically sound. Ruyaje envisions an inclusive fourth industrial revolution that empowers underserved populations and creates new opportunities for African economies. Research and development (R&D) are essential for Africa to keep pace with global innovation trends. While current R&D investment is minimal compared to countries like Israel and South Korea, Ruyaje advocates for a more iterative and market-oriented approach to R&D. By involving startups and SMEs in policy discussions and supporting them in bringing ideas to market, the Centre aims to accelerate innovation and drive responsible technology adoption. The private sector plays a crucial role in shaping the future of technology governance. Ruyaje emphasizes the need for collaboration between the private sector and governments to ensure that regulation is informed by industry insights and addresses both risks and opportunities. By advocating for a more inclusive and collaborative approach to technology governance, Africa can position itself as a global leader in the fourth industrial revolution.