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.

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 Valagiachi, 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, listen to Premeshin Naidoo (Absa Corporate and Investment Bank) facilitating a discussion between 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
It’s party time! How Quicket became the place to get a ticket

It’s party time! How Quicket became the place to get a ticket

The Money Show’s Bruce Whitfield interviews James Tagg, co-founder and director at Quicket.

Even upmarket boutiques offer lay-bys! Here’s what you need to know…

Even upmarket boutiques offer lay-bys! Here’s what you need to know…

Lay-by has taken off as a payment option in the last year or two, says consumer journalist Wendy Knowler.

Tom Moyane’s lawyer to represent Peter Moyo in battle with Old Mutual

Tom Moyane’s lawyer to represent Peter Moyo in battle with Old Mutual

Bruce Whitfield interviews Eric Mabuza who will represent the dismissed Old Mutual CEO in a court challenge against his firing.

'We don’t need more plans! We have plans coming out of every orifice!'

'We don’t need more plans! We have plans coming out of every orifice!'

Bruce Whitfield interviews political analyst Lukhona Mnguni, Bonang Mohale (BLSA) and Dr Adrian Saville (Cannon Asset Managers).

I’ve never seen anything like this! – Simon Brown on Old Mutual vs Peter Moyo

I’ve never seen anything like this! – Simon Brown on Old Mutual vs Peter Moyo

The Money Show’s Bruce Whitfield interviews Simon Brown, Financial Educator at Just One Lap.

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The Money Show’s Bruce Whitfield interviews WeBuyCars founder Faan van der Walt for his weekly "ShapeShifter" feature.

Popular articles
[VIDEO] DA's Van Damme accuses family of racism, V&A Waterfront apologises

[VIDEO] DA's Van Damme accuses family of racism, V&A Waterfront apologises

The Democratic Alliance MP claims she was subjected to a racist tirade at Cape Town's V&A Waterfront and wants action taken.

I’ve never seen anything like this! – Simon Brown on Old Mutual vs Peter Moyo

I’ve never seen anything like this! – Simon Brown on Old Mutual vs Peter Moyo

The Money Show’s Bruce Whitfield interviews Simon Brown, Financial Educator at Just One Lap.

[WATCH] Volkswagen’s new feel-good Kombi ad 'Cupcake Boss' is brilliant

[WATCH] Volkswagen’s new feel-good Kombi ad 'Cupcake Boss' is brilliant

Advertisers traditionally warn against working with children. In this ad it works beautifully, says ad expert Andy Rice.

Court orders Gupta-linked Trillian to pay back R600 million to Eskom

Court orders Gupta-linked Trillian to pay back R600 million to Eskom

It also ordered the company to pay for all the costs of the application. Bruce Whitfield interviews EWN’s Clement Manyathela.

Learn to invest, then watch your money grow

Learn to invest, then watch your money grow

Ray White interviews Thobelani Maphumulo, author of "Invest Your Way to Wealth".

Lawyers want to know what exactly the Zondo commission will ask Zuma

Lawyers want to know what exactly the Zondo commission will ask Zuma

Tiso Blackstar specialist reporter Karyn Maughan says the former president has maintained that there is no evidence against him.

Even if Zindzi was not an ambassador you would still be touched, says Eusebius

Even if Zindzi was not an ambassador you would still be touched, says Eusebius

Eusebius McKaiser reflects on the tweets by Zindzi Mandela on the land issue, sparking a debate.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).