Streaming issues? Report here
Nonn Botha 1500 x 1500 2020 Nonn Botha 1500 x 1500 2020
702 Music with Nonn Botha
14:00 - 18:00
volume_up
volume_mute

Up Next: This is Africa with Richard Nwamba
See full line-up
702 Music with Nonn Botha
14:00 - 18:00
Home
arrow_forward
Business

How the fourth industrial revolution is holding up in the Covid-19-era

18 May 2020 7:38 PM
Tags:
fourth industrial revolution
4ir
COVID-19
Stafford Masie

Their time has come. Covid-19 has forced the implementation of technology to be fast-tracked in order to digitize the workforce.

The coronavirus has sped up what is known as the Fourth Industrial Revolution (4IR).

And like all industrial revolutions and disruptive events, there is a lot of good and potentially some bad that can emanate from this.

If you take a look at the businesses that are thriving at the moment... it is the technology companies. And your question - the notion of privacy -what these companies are doing in terms of track and trace; the ability to listen in on your phone to establish where you've been. Once you're Covid-19 positive they can do proper track and tracing. These things sound really good but the question about the capabilities that they are building is ...what is the nett effect post this virus?

Stafford Masie, CEO - WeWork

Are we going to enter a world in which human beings can see a very large jump in their privacy and through that concession they feel they are safer but in the end we've got companies that understand us better than we understand ourselves?

Stafford Masie, CEO - WeWork

Listen to the interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.


18 May 2020 7:38 PM
Tags:
fourth industrial revolution
4ir
COVID-19
Stafford Masie

More from Business

gklj7crlgyrcoojoartmjpg

When it comes to funding, IDC keeps shifting goal posts - bemoans entrepreneur

4 December 2020 11:54 AM

IDC head of Corporate Affairs Tshepo Ramodibe explains why the funding application for Green Scooters was rejected.

Share this:
Read More arrow_forward

gepf-logo2png

Govt pension fund recovers from March year-end loss, assets at R1.9 trillion

3 December 2020 9:05 PM

Our long-term focus keeps us steady and we remain resilient says the Government Employees Pension Fund's Musa Mabesa.

Share this:
Read More arrow_forward

saa-planejpg

Govt looking to raise $400 million from sale of stake in bankrupt SAA - report

3 December 2020 7:23 PM

According to a report by Bloomberg News, the funds would be used to re-capitalize the reformed South African Airways.

Share this:
Read More arrow_forward

180124 Matshela Koko 2

'History will absolve us' - Former Eskom exec Matshela Koko at Zondo Commission

3 December 2020 6:38 PM

Various witnesses have implicated Matshela Koko in corruption, but he was his confident self before the State Capture Commission.

Share this:
Read More arrow_forward

myfanparkpng

Local celebrity platform myFanPark extends global reach with US merger

2 December 2020 8:49 PM

The platform offers anything from a personalised recipe from a celebrity chef to a virtual locker room huddle with a sports star.

Share this:
Read More arrow_forward

business-crisisjpg

Got a brand emergency? Call 'Ghostbusters for social media crises'

2 December 2020 8:08 PM

Well-known communicators Mike Stopforth and Victor Dlamini have partnered up to launch a 48-hour social media crisis consultancy.

Share this:
Read More arrow_forward

winning-numberspng

Lotto's consecutive number draw not 'dodgy': All combinations equally (un)likely

2 December 2020 7:23 PM

On Wednesday's PowerBall draw - It's when we see an obvious pattern that we get suspicious says statistics expert Johan Ferreira.

Share this:
Read More arrow_forward

covid-19 coronavirus economy 123rfbusiness 123rflifestyle 123rf recession

The Businesses that boomed in 2020

2 December 2020 7:15 PM

One of the worst years this century did not stop some industries from having their best year yet.

Share this:
Read More arrow_forward

business-closed-company-support-entrepreneur-owner-economy-123rf

'There's been no consultation' - Rasa will fight any stricter Covid restrictions

2 December 2020 6:40 PM

There's no scientific evidence the restaurant industry has contributed to the rising infection rate says Rasa's Wendy Alberts.

Share this:
Read More arrow_forward

Family Christmas holiday dinner festive season 123rflifestyle 123rf

Don't Worry, Be Merry: 'Checkers Xmas ad may be corny, but gets under your skin'

1 December 2020 8:44 PM

Checkers has given its own twist to Bobby McFerrin's 80s hit song. The TV campaign gets Andy Rice's advertising hero award.

Share this:
Read More arrow_forward