The critics say, you can't run Government like a Business. I respond, well, we can't run Government like Government anymore --------Ralph Klein (1942- Canadian Politician)
Strategy in Greek (strategia) means the “art of the general,” and, since ancient times, implied the ability to achieve a complex battle goal. In the modern business world, common “battles” may include executing a digital transformation strategy, winning the war for talent, or disrupting yourself before others do so. Whichever it might be, the only valid strategy is one that can be executed.
If technology could make a twin of every person on Earth and the twin was more cheerful and less hungover, and willing to work for nothing, how many of us would still have our jobs? I think the answer is zero. This is a complex challenge for digital transformation
To acquire reliable data to meet this challenges, companies must embrace three key trends:
• Digitalization—to generate value by using the internet of things to combine human intelligence with technologies such as sensors, data analytics, artificial intelligence, and machine learning.
• Decentralization—to shift from isolated “islands” of understanding to collaborative ecosystems of shared knowledge and trusted exchange.
• Democratization—to give access for collaboration and to form networks that bring diverse stakeholders together to act jointly.
This challenge extends to international trade:
As trade becomes more digital, so does the need for a digital ID system that works globally across borders and not just in specific sectors.
In February 2022, the United Kingdom signed a digital trade deal with Singapore that includes shared digital systems for e-invoicing, e-payments and other electronic documents.
Singapore has also signed a digital trade agreement with Chile and New Zealand. The deal is designed to help trade flow between different regimes, with benefits including enhanced security, quicker cargo clearance and faster payment processing.
This is the challenge of the Fourth Revolution:
As Nations Embrace the Fourth Industrial Revolution with rapid investment in, inter alia, artificial intelligence (AI), the internet of things (IoT), robotics and 3D printing
It is evident that the success of digital transformation in Africa rests on;
1) Enabling the necessary digital infrastructure that can assist in reducing the digital gap
2) Developing digital literacy skills to take advantage of the digital economy
3) Ensuring less corruption within its structures to enable sustainable economic growth
4) Having the right regulations and frameworks in place to offer support locally, across the region and internationally
See You at The Top
