What happens when technology disrupts the labour sector when it is supposed to be a friend of human progress?
Eusebius McKaiser has invited Chief economist Dr. Iraj Abedian and Professor Bhekisipho Twala to explore disruptions, threats and consequences of technology where labour is concerned.
Dr. Iraj Abedian believes if society hasn't acknowledged the consequences of technology then we are in for a rude awakening.
If you are snoozing you are going to lose and lose big time but f you are with it, you can gain and gain handsomely.— Dr. Iraj Abedian, CEO, Pan-African Investment and Research Services.
It is important to appreciate that technology does not just replace human beings but changes the profile of skills that are required in the workplace says Abedian. It's an important observation, he adds, because this ultimately has political, social and educational implications.
The notion that machines will replace humans is false he says.
Prof Twala uses Uber as a perfect example of disruptive technology. He says Uber has managed to employ complex algorithms to adjust pricing also using data to set themselves apart but also compete in the market.
Innovation shouldn't be seen as a monster but as a way of transcending race, poverty and economic conditions. Mobile technology is the way forward.— Prof Bhekisipho Twala, Director of the Institute for Intelligent Systems at the University of Johannesburg
The problem though is that we are always talking about technological advancements in Africa but we are lagging behind the rest of the world. I believe we could be making bigger strides and that's where mobile technology comes in.— Prof Bhekisipho Twala, Director of the Institute for Intelligent Systems at the University of Johannesburg
Bhekisipho Twala is a Professor in Artificial Intelligence and Statistical Science and the Director of the Institute for Intelligent Systems at the University of Johannesburg and Dr. Iraj Abedian is the CEO at the Pan-African Investment and Research Services.
Listen to the conversation in the audio clip below: