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Skills Training for the Digital Economy: A Role-Based Approach
“The Fourth Industrial Revolution can be described as the advent of ‘cyber-physical systems’ involving entirely new capabilities for people and machines. While these capabilities are reliant on the technologies and infrastructure of the Third Industrial Revolution, the Fourth Industrial Revolution represents entirely new ways in which technology becomes embedded within societies and even our human bodies.”
To survive in today’s business landscape, companies must increase their use of digital technologies, transform their operations and processes, and reduce their dependence on in-person interactions. To thrive, business models and operations must be reimagined and rebuilt to take full advantage of 4IR technologies. In these times of stretching and growing, one thing is clear: the organisations that will thrive are the ones with the necessary talent to navigate the transition successfully. WEF “The Fourth Industrial Revolution can be described as the advent of ‘cyber-physical systems’ involving entirely new capabilities for people and machines. While these capabilities are reliant on the technologies and infrastructure of the Third Industrial Revolution, the Fourth Industrial Revolution represents entirely new ways in which technology becomes embedded within societies and even our human bodies.”
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Skills Training for Digital Economy: A Role-Based Approach
Case Study
Skills Training for the Digital Economy: A Role-Based Approach
Introduction We are today firmly within the Fourth Industrial Revolution (4IR). Where steam drove the First Revolution, electricity drove the second, and digital computing drove the third, the Fourth Industrial Revolution is driven by interconnectivity and rapidly changing technologies. According to the World Economic Forum: “The technologies that define the Fourth Industrial Revolution (4IR) include artificial intelligence, machine learning, robotics, data science, cloud computing, and the internet of things. In turn, these technologies have powered other new technologies like genetic engineering, which has transformed agriculture and medicine, and blockchain, which is transforming commerce.” Various pressures have compounded the pace of technological change, including the Covid-19 pandemic, which has changed how people socialise, work, and conduct business. These pressures have also accelerated 4IR’s pace – particularly here in Africa, where new and emergent technologies are driving rapid innovation across many sectors.