Browsing: Digitalisation

The value of the AI construction market was estimated to be USD 466.9 million in 2019. Projections estimate that by 2025, the market value will skyrocket to US$2312.8 million with a compound annual growth rate (CAGR) of 33.87 per cent between 2020 to 2025.

Despite not gaining early adoption within the construction sector as in other areas, AI is now ideally positioned to lead transformative reforms within the sector.

According to an article by majesteye.com dated February 16, 2022, several studies and reports have shown that the adoption of AI applications within the infrastructure sector is growing at a rapid pace. Some of the major drivers of this growth include the following:…

• A report by the African Development Bank notes that today, at least a quarter of the continent’s population has internet access, a nearly fifty-fold increase in internet usage since the turn of the millennium.
• Mobile technologies alone have already generated 1.7 million jobs and contributed US$144 billion to the continent’s economy, or roughly 8.5 percent of GDP
• Accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work

Leaders on the African continent must work harder to harness emerging technology to boost government performance, transparency, and inclusivity as the continent recovers from the Covid-19 pandemic.

They also need to ensure that the growing technological advancements across the continent are not used as a tool of repression, division, and conflict.

According to a study by the World Health Organization, 13 percent of all new or modified …

How the digitalization of African trade will help realise the AfCFTA

The digitalisation of trade across the continent can significantly boost free trade in Africa, helping to realize the objectives of the Africa Continental Free Trade Agreement (AfCFTA).

To properly implement the AfCFTA, Africa will need digitalisation in the digital and virtual services and making it an enabler of trade in the different sectors.

By 2030, Africa’s population will have grown from the current 1.2 billion people to an estimated 1.7 billion. With this growth, the AfCFTA has to create an integrated African market for these consumers. The aggregated gross domestic product (GDP) from this market could see the market hit US$3.4 trillion after the opening up of the continent’s economic borders.

Read: Africa’s Cashless Payment Revolution

There are, however, various issues such as harmonising standards and improving the existing legal frameworks; enacting cybersecurity, consumer and data protection laws; and …

Digital education in Africa is a precondition for the continent’s socio-economic transformation and the survival of its people.…

One of the most wonderful occurrences of the 21st century and which make distinct from previous centuries is globalization. Numerous governments, businesses and other entities from different nations are able to develop international interactions, impact and collaborations.

Different forces account for globalization. Examples include multinational organizations such as the European Union (EU) and United Nations (UN) that serve to increase co-operation among different countries. Social technology champions the seamless transfer of ideas and information within and beyond the target country.

What are the most prominent advantages of globalization?

• The boost in economic power
• Increased standards of living
• Provision of rewarding opportunities
• Increased productivity and general output.

Technology is the driving force of globalization. Technology provides some sort of template for globalization while also solving the challenges associated with it.

Let’s take a look at how technology resolved some barriers to globalization;

• Trade barriers; handled by e-commerce, electronic delivery of services,