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Barnard: The world will need work force from Africa by 2050
CNBC Africa’s Zanele Morrison spoke to Lillian Barnard, President, Microsoft Africa for this discussion.
Wed, 20 Mar 2024 12:55:30 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Microsoft's commitment to training and upskilling Africa's youth in AI skills to bridge the workforce gap by 2050.
- The impact of AI across various sectors in Africa, from healthcare to finance, showcasing examples of innovation and efficiency.
- The financial services sector's adoption of AI, with companies like M-Pesa leveraging AI for credit scoring and microloan services to empower marginalized communities.
In a recent interview with CNBC Africa, Lillian Barnard, the President of Microsoft Africa, discussed the transformative power of AI and its potential to revolutionize industries across the continent. Microsoft is at the forefront of enabling Africans to leverage AI-powered solutions to drive growth and innovation. Barnard emphasized the critical role that AI will play in the future of job creation and economic prosperity in Africa by 2050. With the potential to increase the continent's GDP by $1.5 trillion by capturing just 10% of the AI opportunity, Microsoft is committed to training and upskilling Africa's youth to bridge the gap in AI skills and ensure a vibrant workforce for the future. Employing AI in various sectors such as finance, healthcare, and government services, Microsoft is driving a wave of innovation that promises to uplift communities and enhance efficiency. From AI-powered diagnostic solutions for early disease detection to drone delivery services for rural healthcare, the impact of AI is already being felt across the continent. Barnard highlighted examples of organizations leveraging AI to streamline operations, boost productivity, and make data-driven decisions, signaling a shift towards a more technologically advanced and inclusive future. The financial services sector, in particular, is poised to benefit from AI adoption, with companies like M-Pesa using AI for credit scoring and microloan services to empower the unbanked and underbanked populations. As Africa gears up to supply the global workforce by 2050, Microsoft's commitment to training the next generation of innovators and entrepreneurs is paving the way for a brighter future filled with boundless opportunities and economic growth.
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