Is Africa Actually Ready for the Fourth Industrial Revolution (4IR)?

Fourth Industrial Revolution - cfamedia

All the hype around the Fourth Industrial Revolution (4IR), might, as well, go down the drain, unless African tech experts think, deeply, on how the emerging technology, can be used, to salvage some situations, on the continent.

Countries, like South Africa, Nigeria and Kenya, are leading the pack, when it comes to the tech start-up ecosystem and are, therefore, expected, not to rest on their oars.

Africa has missed out, on the previous three and it would be, highly, unfortunate, if it gets left behind, once again.

Some of the concerns about the 4IR are that, even, its very common application, appears too broad.

The complexity around this, also, increased, as observed among African start-ups, in their various societies.

How is this so? In the society, where these tech start-ups operate, it appears the government finds it, quite difficult, to develop and implement policies, around the 4IR technology.

Also read, The Prospects Of 4IR In Africa For Business Owners

Both Rwanda and South Africa that appears to have formalised policies, on the 4IR are, even, yet to show a comprehensive guideline, on maintaining a daily 4IR policy.

4IR technology, still involves many steps, to be fully implemented. Though industries are getting fused, to see how this new technology, can be made applicable, to our daily use.

4IR technology, still involves, a lot of steps, to be fully implemented. Though, industries are getting fused, to see how this new technology can work, around 4IR, however, constraints exist, which is observed, among certain industries that, are failing to converge, at the pace, at which the 4IR application gets churned out.

Nowadays, most tech people, put their focus, on algorithms and data, while neglecting integration, but integration is making technological disruption, quite expensive and only rewarding those that can get aligned, with converging industries.

Some African businesses struggle today because business models and value chains have become more integrated. Some start-ups, even, lack the ability, to move into the disruption space because of inadequate capital. Not just capital, but a large volume of capital.

This means that, for the companies stand on the 4IR policymaking, they need to re-focus, on how to execute data integration, as an essential asset.

Finally, African governments should rethink their stance, on the Fourth Industrial Revolution 4IR policies. It should be ready, to create an enabling environment that allows investment, in integration.

This will, in turn, assist in lowering the cost and therefore, bring about, an ecosystem that, truly enables innovation, among its local communities.

Featured Image: Twitter

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