As the world restarts from the paralysis of Covid-19, I see these factors shaping industrial sectors and domains in Africa.
- Digitization and Cloud Migration: The pace is accelerating and most industries would be eaten and also saved by software, running on computational systems in the cloud.
- Semi-automation: Disintermediation of humans will accelerate as machines become starter. The chatbots deployed by banks will simply get better.
- Hybridized Supply Chain: Flexible, adaptive, global and local, at the same time. Great companies are revamping their supply chain strategies. Coca Cola Nigeria just noted that Nigeria’s currency fluctuation has minimal impacts as most of its raw materials are now sourced locally.
- Remote Everything: The web will run the world across sectors. From education to entertainment and beyond, the unbounded and unconstrained nature of the internet will continue to bring new ordinances in markets, homes and offices.
In my State of the Tech Nation address, I explained them comprehensively. Let me say this: the most important thing in business is your business model. There is a reason we have a $2 trillion Microsoft and $140 billion IBM today. Check the chart, just a few years ago, both were close. But Microsoft changed its business model under a new CEO while IBM continued on the quest of filing more patents! Nothing bad about it, but technology must be put in its own position – help you execute the right business model.
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