Introduction to the 4th Industrial Revolution
From intelligent robots and self-driving cars to neurotechnological brain enhancements and genetic editing, evidence of dramatic change happening at exponential speed is all around us. Previous industrial revolutions liberated humans from dependence
on animal power, made mass production possible and brought digital capabilities to billions of people. The Fourth Industrial
Revolution is characterised by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all
disciplines, economies and industries, and even challenging ideas about what it means to be human. The resulting shifts mean that we live at a time of great promise and great peril. The potential exists to connect billions more people to digital networks, dramatically improve the efficiency of organisations and manage assets in ways that can help regenerate the natural environment, potentially undoing damage done in
previous industrial revolutions.
Founder and executive chairman of the WEF, Professor Klaus Schwab, in his book The Fourth Industrial Revolution, puts recent
changes into historical context, outlines the key technologies driving this revolution, discusses major impacts on governments,
businesses, civil society and individuals, and suggests ways to respond.
At the heart of this analysis is the belief that the Fourth Industrial Revolution is within the control of all of us as long as
we are able to collaborate across geographies, sectors and disciplines to grasp the opportunities it presents. In particular, Schwab calls for leaders and citizens to “together shape a future that works for all by putting people first, empowering them and constantly reminding ourselves that all of these new technologies are first and foremost tools made by people for people”.
The 4th Industrial Revolution in Africa
innovations, skills, technologies and homegrown solutions to deep social, economic and technological problems. The Fourth Industrial Revolution and mobile technologies and accessibility in particular has resulted in a well spring of innovation that is delivering solutions to economic sectors including agriculture, commerce, travel, urban movements and the delivery of services in health, education and basic services. Sagarmatha has a “build not break” approach to business, seeking partners on the continent and the globe to knit a business community behind success and growth. As a platforms business, Sagarmatha’s unique value lies in owning platforms that connect for growth. Technology is an enabler and is the tool that Sagarmatha uses to build platforms that, in turn, builds community.
This includes connecting:
- consumers to commerce
- consumers to opportunity
- citizens to each other
- African countries to African countries;
- African business owners to African business owners
- African business owners to business support
- Africa to global investors and global business
- Global business to African opportunities and partners
- African governments to the citizenry, to each other, and to partners around the world