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Sourced from UC Today. An innovative local software development partnership between 4Sight Holdings and Bidvest Advisory Services has created 4MIA powered by ALICE TM, a first-of-its-kind AI-powered automated digital transformation advisor. Developed on the ALICE TM platform, the intelligent predictive solution Monitors, Investigates and Advises (MIA) business and technology executives on critical aspects related to their digital transformation roadmaps. Decision-makers can now leverage the 4MIA’s automated proactive monitoring and reporting to gain greater visibility into their IT environment with real-time insights related to digital transformation readiness. “As digital technologies and competitor capabilities rapidly evolve, business leaders and executives must constantly assess and ev...
Image sourced from intelligentplacement.co.za. The use of digital recruitment tools by businesses is paramount in closing the skills gap and tackling the country’s ever-increasing unemployment rate. As the use of these tools expands across industries and sectors, the traditional CV will fast become unnecessary for local job seekers. Xpatweb’s Annual Critical Skills 2020/2021 survey found that 77% of employers are struggling to recruit critically skilled resources. “Traditional recruitment tools reduce the process to tick-boxing and could be the reason that many local businesses are struggling to find the necessary talent to fill available job roles,” says Mat Conn, Group CRO for BPO provider, Merchants. “South Africa has a high supply of entry-level talent, often with limited experience – ...
Image sourced from MSI.org. The transport sector’s only option to keep up is through digitalisation, Gautrain Management Agency (GMA) COO Tshepo Kgobe told delegates attending the Huawei Connect 2021 Transportation Summit held in the midst of Transport Month in South Africa. This is as rapid population growth and increased urbanisation will continue to have significant impacts on South Africa’s transport infrastructure as freight and passenger transport demand rise. A GMA study conducted in 2019 found that by 2025 Gauteng’s roads would be so congested that traffic on the freeway would slow down to 10 kilometres an hour. This means that it will take four hours to travel from Pretoria to the city centre in Johannesburg. “The transport sector needs to heed the call for digitalisation within t...
Image sourced from Prime Media. South Africa’s water system is in trouble. In the 2020/21 financial year alone, there were over 55,800 pipe bursts, over a third of reservoirs have supply problems, and years of underfunding of infrastructure replacement and maintenance have drastically reduced the lifespan of around a quarter of the country’s asset base. If there’s one lesson we can take from South Africa’s electricity crisis, it’s that we can’t wait until it’s too late before we act. And yet, it nearly is too late. By 2025, South Africa is expected to experience water scarcity. By 2030, a water deficit. With the rapid increase in urbanisation and the rising demand for our water infrastructure, we don’t have the luxury of time. There’s a sense of urgency that we must jump on now, ...
There is no doubt that the pandemic has accelerated most digitalisation trends, compressing what was expected to take years into months. And this has been applauded by the technology industry and business alike, with, for instance, even the most cloud-skeptical CEO appreciating technology’s ability to ensure business continuity as we rapidly shifted to a distributed workplace. But, when counterpointed with South Africa’s latest unemployment figures and sluggish GDP, it is not unexpected for people to have concerns over the impact of digitalisation on job availability. According to Statistics South Africa, unemployment rates in the first quarter of 2021 were at a record high of 32.6%, with a rate of a staggering 46.3% among people aged 15 to 34 years old. But the fact of the matter is digit...
Image sourced from Planful. A new report by The Financial Times Focus and Mambu shows banks must redesign their role in society to avoid extinction. More than two thirds (67%) of banks think they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. Banks Must Transform Urgently The results illustrate the urgency for banks to modernise their offering as 58% of respondents predict they will cease to exist completely in the next five to ten years if they fail to change...