Promises of Kenya's digital revolution
COVID-19 recovery efforts presented an opportunity for governments and the private sector to use new and emerging technologies to reduce the inequalities brought into sharper focus by the pandemic. These rapidly developing technologies represent a $350 billion market, which by 2025 could grow to over $3.2 trillion. Harry Hare, Chairman at CIO Africa joins CNBC Africa for more on the promise Kenya's digital revolution.
Fri, 26 Apr 2024 10:25:45 GMT
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AI Generated Summary
- The importance of agile policy frameworks in response to rapid technological advancements
- How technology can enhance job opportunities and boost productivity
- Tailoring technology to address specific needs in rural communities for inclusive digital growth
In the wake of the COVID-19 pandemic, governments and the private sector are looking towards new and emerging technologies as a way to address and reduce the inequalities that have been exacerbated by the global health crisis. These rapidly advancing technologies, which currently hold a market value of $350 billion, are projected to soar to over $3.3 trillion by 2025. Kenya, a country at the forefront of embracing digital transformation, is positioning itself to tap into this lucrative market. Harry Hare, Chairman at CIO Africa, sheds light on Kenya's digital evolution and the pivotal role policies, job opportunities, and deepening technology in rural areas play in this revolution.
When it comes to policy and regulatory frameworks, Hare emphasizes the need for agility and adaptability in responding to the fast-paced nature of technology. He stresses the importance of crafting 'smart regulations' and policies that can evolve alongside technological advancements. As technology constantly evolves and new use cases emerge, policies must strike a balance between mitigating risks and fostering innovation. Hare underlines the necessity for policymakers to stay one step ahead and adjust regulations to align with the ever-changing tech landscape.
Regarding job opportunities in the tech sector, Hare dismisses concerns about job losses, asserting that technology offers a platform for individuals to enhance their skills and work in new ways. He encourages a shift in perspective towards technology as a tool to boost efficiency and productivity rather than a threat to jobs. Hare exemplifies how journalists can leverage AI to improve their work without fearing automation, emphasizing that the human touch and intelligence are irreplaceable assets in any profession.
In terms of deepening technology penetration in rural areas, Hare highlights the importance of understanding specific use cases for technology adoption. While urban centers often use technology for banking, e-commerce, and e-learning, rural areas have unique needs, such as agricultural information and sensor-based farming techniques. Hare points out that technologies like M-Pesa have already bridged the gap by enabling payments in remote areas, showcasing the profound impact technology has had on rural communities. By tailoring technology to meet the diverse needs of rural populations, Kenya is paving the way for inclusive digital growth across the country.
As Kenya embraces its digital revolution, the focus remains on leveraging technology as a catalyst for societal advancement and economic empowerment. With a keen eye on policy flexibility, job creation, and technology accessibility in underserved regions, Kenya stands poised to harness the immense potential of the burgeoning digital market. By fostering innovation, embracing change, and fostering a tech-savvy workforce, Kenya is set to lead the digital transformation wave sweeping across Africa and beyond.