The rise of manufacturing industry in Africa

The manufacturing industry in Africa is experiencing a rapid transformation with the integration of new technologies, including the rise of artificial intelligence. This new technology-driven approach is promising increased efficiency and real-time operation optimization. During a recent interview on CNBC Africa, Scott Gibson, CEO of Pragma, and Gerard Sofianos, CEO of Britehouse Mobility, discussed some of the key trends and changes in the manufacturing industry. One of the major trends identified is the shift towards asset-intensive industries where maintaining assets is crucial for continuous productivity. Companies are now looking to leverage technologies such as artificial intelligence (AI) to make data-driven decisions and implement predictive maintenance strategies. By analyzing data in real-time, organizations can proactively address asset health issues and prevent costly unscheduled downtime. This proactive approach to maintenance is helping companies improve operational efficiency and reduce overall maintenance costs. Gerard Sofianos, with a background in digitization, highlighted the increasing adoption of digital transformation across various industries. Companies are realizing the importance of digital technologies in optimizing operations and meeting consumer demands for seamless digital experiences. Digitization is no longer a luxury but a necessity for businesses looking to stay competitive in the global market. The concept of smart manufacturing, a new approach under the Fourth Industrial Revolution, is revolutionizing traditional manufacturing processes by focusing on automation and efficiency. This new model relies on real-time data collection through AI cameras and mobile devices, allowing for immediate insights and decision-making. The implementation of these technologies has been made more accessible and cost-effective with the advancement of cloud services. The Cloud offers advanced technology services on a consumption basis, enabling businesses to establish a digital presence without the need for expensive infrastructure. It also allows for scalable solutions that can adapt to the changing needs of the business. In South Africa and across the continent, companies in asset-intensive industries, such as hospitals, food production, and retailers, are embracing digital solutions to enhance maintenance practices and improve overall operational efficiency. The affordability and accessibility of these technologies have led to a rapid adoption across various sectors, positioning African companies as competitive players in the global market. While the industry transitions towards automation and digitization, questions arise about the impact on employment. Scott Gibson emphasized that technology provides data but human insights are still essential for decision-making. Companies are creating job opportunities by employing contractors and maintenance personnel to work on asset maintenance. This approach not only ensures asset reliability but also contributes to job creation in a country grappling with high unemployment rates. Gerard Sofianos echoed the sentiment, stating that the unique position of emerging markets allows for innovation and export of digital services globally. Africa has the opportunity to lead the way in digital transformation and establish itself as a key player in the digital economy. The future of manufacturing in Africa is bright with technological advancements paving the way for increased efficiency, cost savings, and job creation. As companies continue to embrace digital transformation, the continent is poised for a new era of innovation and growth in the manufacturing industry.