TECHNOLOGY

Siemens launches report on ‘Dawn of Digitalization

&NewLine;<p>Siemens in conjunction with Frost &amp&semi; Sullivan&comma; have put&NewLine;together a comprehensive research project outlining the current state of key&NewLine;industries across the continent and identifying challenges and opportunities&period;<br>&NewLine;<br>&NewLine;According to a release by APO Group&comma;&NewLine;made available to OpenLife&comma;the study&comma; named &OpenCurlyQuote;The dawn of&NewLine;digitalization and its impact on Africa’&comma; considers growth predictions and&NewLine;where the adoption of smart technology would be most beneficial in expanding&NewLine;industries to drive sustainable growth&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>For the purpose of this study&comma; focus was placed on four key&NewLine;sectors&colon; Water&comma; Manufacturing&comma; Mining and Minerals&comma; and Food and Beverage&period;<br>&NewLine;<br>&NewLine;Some of the key findings in the report are the adoption of digital&NewLine;technologies&comma; innovation as well as a range of digital customer offerings are&NewLine;expected to remain varied across industries&comma; markets and geographies&period; The&NewLine;extent and impact of digital technologies is also expected to vary&comma; favouring&NewLine;businesses and industries that seek relevance and increasing contribution in&NewLine;international markets in addition to existing domestic markets&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Also&comma; the finding reveals that while advanced analytics and&NewLine;digitalization are witnessing growing adoption across certain industry sectors&comma;&NewLine;such as the automotive sector&comma; there is a real opportunity for adoption of&NewLine;these across industry sectors such as the mining and food &amp&semi; beverage industry&NewLine;which are significant contributors to major African economies&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In manufacturing&comma; while the most mature in its transformation&NewLine;and adoption of digital technologies in Africa&comma; remains a marginal player&NewLine;struggling to make a bigger impact on country GDPs&period; The question governments&NewLine;need to ask themselves is how they align a &OpenCurlyQuote;here-and-now’ emphasis on job&NewLine;creation with the necessary focus on digitalization&period; This will enable Africa to&NewLine;create a niche within the global economy&period; If we fail to pro-actively select our&NewLine;place within the global manufacturing industry&comma; we run the risk of continuing&NewLine;on this path of non-industrialization&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>For &nbsp&semi;water industry&comma;&NewLine;expenditure in water infrastructure has been low when compared to the global&NewLine;average&period; Inadequate investment in infrastructure coupled with poor water&NewLine;utility management has resulted in a greater need for development of the water&NewLine;sector&period;<br>&NewLine;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The mining industry which has been witnessing subdued&NewLine;investment&comma; rising cost pressures and increasing labour issues&comma; a combination&NewLine;of mechanization&comma; efficient extraction of resources and better use of data can&NewLine;make it easier for mine operators to cut costs and create a leaner and more&NewLine;efficient mining operation&period; As such&comma; the successful incorporation of technology&NewLine;will be possible through collaborative efforts of technology providers&comma;&NewLine;industry&comma; research institutes and organizations that work for uplifting the&NewLine;mining industry&period;<br>&NewLine;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>A stable supply of electricity is critical for digitalization to&NewLine;flourish&period; By providing high levels of infrastructure and power supply&comma; Africa&NewLine;will be able to attract the necessary investment across various industry&NewLine;sectors&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The urban population in Africa is expected to grow to 56&percnt; in&NewLine;2050&comma; from 35&percnt; in 2010&period; This rapid urbanization will require robust infrastructure&NewLine;to ensure these expanding cities are hubs of growth and commerce&comma; and not still&NewLine;trying to catch up with basic necessities&period;<br>&NewLine;<br>&NewLine;According to Ralf Leinen&comma; Senior Vice President Digital Industries for Southern&NewLine;and Eastern Africa&comma; &OpenCurlyDoubleQuote;For the first time in history we have an incredible&NewLine;opportunity to use smart technology to transform entire economies at an&NewLine;unprecedented rate&period; Africa needs to get efficient strategies in place now in&NewLine;order to succeed&period;”<br>&NewLine;<br>&NewLine;In the wake of changing business dynamics&comma; rapidly evolving technology and&NewLine;increasing competition&comma; collaborative efforts between governments&comma; industry&comma;&NewLine;businesses &lpar;local and international&rpar;&comma; labour and academia is vital for creating&NewLine;an environment that is conducive to developing sustainability of local businesses&comma;&NewLine;encourages technology upskilling&comma; innovation&comma; knowledge sharing&nbsp&semi; and&NewLine;execution&period;&nbsp&semi;&nbsp&semi;<br>&NewLine;<br>&NewLine;The findings from the study are just a starting point&period; Siemens hopes it will&NewLine;begin a dialogue and provide a framework to some of the unique opportunities&NewLine;that exist&period;<&sol;p>&NewLine;

Openlife Reporter

Recent Posts

Former Governor Sule Lamido, Son, Family Businesses to Face Fresh Arraignment for Alleged N1.3b Fraud

Former Governor Sule Lamido, OpenLife Nigeria reports that the Economic and Financial Crimes Commission, EFCC…

10 hours ago

“I Slept With Two Dead Bodies” – Doris Ogala Opens Up About Her Past

“I Slept With Two Dead Bodies” – Doris Ogala Opens Up About Her Past OpenLife…

12 hours ago

Cynthia Nwanne Azuka, A Social Media Commentator, Lambasts Obi Cubana Over “Ndi Igbo Lack Knowledge” Comment

Cynthia Nwanne Azuka   OpenLife Nigeria reports that Cynthia Nwanne Azuka, a Seoul based digital…

16 hours ago

King Mitchy Issues Public Apology To Seyi Tinubu, VeryDarkman, Ooni Of Ife, And All Nigerians

King Mitchy Issues Public Apology To Seyi Tinubu, VeryDarkman, Ooni Of Ife, And All Nigerians…

19 hours ago

Uzor Arukwe Denies Dating rumours With BamBam

Uzor Arukwe Denies Dating rumours With BamBam   OpenLife reports that Nollywood actor uzor arukwe…

19 hours ago

Lagos Health Agency Launches Investigation After Socialite Reportedly Dies Following BBL Procedure

Lagos Health Agency Launches Investigation After Socialite Reportedly Dies Following BBL Procedure OpenLife reports that…

1 day ago

This website uses cookies.