Former Vice President Dr. Mahamudu Bawumia
Former Vice President, Dr. Mahamudu Bawumia has urged African nations to not miss out on the Fourth Industrial Revolution, which he stated presents nice alternatives to the African continent for the transformation of its economies and the prosperity of Africans.
Talking at Harvard College on Saturday, as keynote speaker on the theme, “Africa Past Borders: A Delusion or a Mandate for Africa’s Progress”, Dr. Bawumia warned that having missed out on the primary three industrial revolutions, Africa dangers staying additional behind the remainder of the world if it doesn’t embrace the immense alternatives the technological fourth industrial revolution presents.
“Africa missed the primary industrial revolution which noticed the transition from handbook small-scale manufacturing to mechanized manufacturing in agriculture and items like textiles, largely powered by steam and coal power. Then we missed the second industrial revolution the place the widespread use of electrical energy powered mass manufacturing and meeting traces. The third industrial revolution, which was set off by the introduction of computer systems additionally didn’t see Africa leap on and develop like others,” Dr. Bawumia stated.
“We at the moment are within the fourth industrial revolution the place the applied sciences have come collectively in a worldwide community to create the web, which is the best machine ever created by mankind, and utilizing that to additionally energise instruments and tools to make them ‘sensible’ to create the web of issues (IOT), and Synthetic Intelligence (AI), which have opened up wonderful potentialities without end.”
Dr. Bawumia careworn that Africa should draw classes from lacking out on the primary three revolutions, and undertake a optimistic mindset of potentialities to embrace the brand new order and progress.
“For us as a continent, the important thing lesson from our previous experiences and people of others, developed and growing, is the notice of the significance to recognise when one thing qualitatively new is happening, and for the desire to face what’s new – to behave boldly, decisively, but cooperatively.”
“Policymakers in Africa should act with a mindset of potentialities. We must always embrace know-how and never be intimidated by it. We should consider that we are able to leapfrog the superior nations in lots of areas if we put our minds to it,” the previous Vice President added.
“Let me conclude by saying that the digital economic system holds the important thing to unlocking Africa’s huge potential and creating jobs for the youth. By working collectively – governments, companies, educators, and innovators – we are able to construct a future the place each African has the chance to thrive and contribute to a brighter tomorrow.”
Concluding, Dr. Bawumia was unequivocal in his perception that the fourth industrial revolution will unlock Africa’s full potential and create extra alternatives for financial transformation, having highlighted to the viewers, Ghana’s personal digital journey, and the impression it’s having, as basis for financial transformation.
“The digital economic system holds the important thing to unlocking Africa’s huge potential and creating jobs for the youth,” Dr. Bawumia careworn, including that “By working collectively, governments, companies, educators, and innovators, we are able to construct a future the place each African has the chance to thrive and contribute to a brighter tomorrow.”
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