Telecoms, media and technology

Digitisation of everything: it's a brave new world with infinite promise

Absa Insights is a portal where the bank’s sector experts share essential learnings and new developments with its clients and other businesses. The world is changing; so in 2019 Absa has introduced a series of events featuring high-level thinking around Consumer Goods and Services, Agriculture, Telecommunications, Mining and Energy and Infrastructure. Bookmark Absa Insights, where the bank shares insights from discussions designed to help you navigate the ever-shifting trends that are shaping the economy.

Listen to the audio below (or scroll down for a summary of it).

pixabay.com, 2019

Digitisation is affecting every business in every industry.

We see an ever-increasing number of digital banks without physical infrastructure. Platforms such as Airbnb and Uber disrupt their industries and thrust the sharing economy into the mainstream. Media will never be the same again. Insurance, healthcare, transportation... the list seems endless.

For communication service providers, it's an opportunity. They are providing the enabling environment for all these industries and users. They understand what it takes to leverage that knowledge and turn it into new revenue streams.

Bora Varliyagci, CEO - DigitalThings

In future, says Varliyagci, we will increasingly see telcos playing a critical role in the development of other industries.

5G; the future is not quite now, but soon

5G is the technology that will enable mobile connectivity for everyone and everything. It will supercharge the capacity of wireless connections without requiring more spectrum and will provide ultra-reliable, low-latency communication for use in applications such as self-driving cars.

5G is sometimes overstated, in my opinion. It's really good marketing for communication service providers... The reality is it's a combination of techniques...

Bora Varliyagci, CEO - DigitalThings

Because of its reliability, the single-most revolutionary application of 5G tech will be in self-driving cars, according to Juanita Clark, CEO of FTTX Council Africa.

A digital South African economy

It's not a question of whether we are ready or not. The digital economy is there already... We're past the tipping point... The implications in terms of jobs and skills are massive...

Bora Varliyagci, CEO - DigitalThings

We have a massive digital skills gap in every industry; the economy requires "re-skilling".

It needs to start at our basic education system... Our children have to learn at a very young age how to code... Digital maturity is a concern... Lots of work needs to be done.

Juanita Clark, CEO - FTTX Council Africa

Digitisation promises to lower the cost and accessibility of education, but only if data itself becomes more affordable and the internet more accessible.

It promises to plug a gap in healthcare and lead to greater financial inclusion.

The opportunities that the digital world brings us are endless. We must learn how to capitalise on them.

For more detail, watch the video below. Premeshin Naidoo (Absa Corporate and Investment Banking) in discussion with Bora Varliyagci (CEO, DigitalThings) and Juanita Clark (CEO of FTTX Council Africa) on the evolution that the Fourth Industrial Revolution will bring and opportunities around digitisation.


Recommended

by NEWSROOM AI
Read More

The promise and peril of upcoming telco regulations in South Africa

By the time regulators tackle a problem, it has become a problem of yesterday. Nevertheless, try they must.

How Mobile Network Operators are evolving and investing to service everyone

How Mobile Network Operators are evolving and investing to service everyone

New technologies and subsidisation may offer solutions to the challenge of providing affordable access to everybody.

Mobile Network Operators increasingly don't own towers and other infrastructure

Mobile Network Operators increasingly don't own towers and other infrastructure

Outsourcing the capital expenditure intensive part of their businesses allows them to be competitive in services.

How Superbalist succeeds in targeting its customers almost individually

How Superbalist succeeds in targeting its customers almost individually

Superbalist has a "programmatic" approach to marketing and uses machine learning to predict its customers’ future behaviour.

Data-driven marketing isn't scary. It shows you the money!

Data-driven marketing isn't scary. It shows you the money!

Google can see if your customer is about to get married, or have a baby, or buy a house, or a dog. That's available to you, today!

Your customers don't go online, they live there. And it's all mobile

Your customers don't go online, they live there. And it's all mobile

Your customers expect you to be online, even if yours is a physical store. And they are, almost always, using a phone to find you.

Popular articles
Meet braai master Justin Bonello, a great South African with a heart of gold

Meet braai master Justin Bonello, a great South African with a heart of gold

Justin Bonello (of the show "Cooked") is the founder of Neighbourhood Farm. It employs unskilled community members to farm.

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Were missing SA men victims of Vietnamese organ harvesting syndicate?

Gift of the Givers fears two South African men who went missing in Vietnam may have fallen prey to an organ harvesting syndicate.

'Krugersdorp killers' sentenced to life in prison

'Krugersdorp killers' sentenced to life in prison

The trio was found guilty on 32 counts including murder, fraud and intimidation.

Impact of CR17 leaks and the court of public opinion

Impact of CR17 leaks and the court of public opinion

Political analysts Mighti Jamie and Tasneem Essop discuss the role of social media and its impact on the CR17. campaign funding.

[WATCH] Father and daughter dance-off changes tune when she starts twerking

[WATCH] Father and daughter dance-off changes tune when she starts twerking

Khabazela shares tweets and Facebook posts that have gone viral.

'Crimes against tourists need to be taken seriously'

'Crimes against tourists need to be taken seriously'

Tourism Business Council of South Africa's Tshifhiwa Tshivhengwa raises concerns on transgressions committed against SA visitors.

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

When you do take a taxi, drink at your destination and not in the cars, says City of Johannesburg MMC for Safety Micheal Sun.