• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Tuesday, August 16, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

African manufacturers must remain focused on skills development

Business ReporterbyBusiness Reporter
July 18, 2022
in Briefs & Press Releases, Manufacturing
Reading Time: 4 mins read

African manufacturers should think big about digital development. At the current, pace of economic and technological advancement, too many of Africa’s growing population of people and businesses will be denied the opportunity to live up to their potential.

Digital technologies such as ERP offer a chance to disrupt this trajectory – unlocking new pathways for rapid economic growth, innovation, job creation and access to services that would have been unimaginable only a decade ago. Yet there is also a growing ‘digital divide’ that needs urgent and coordinated action to mitigate.

Competing for digital skills in the Fourth Industrial Revolution with Manufacturers

The pandemic showed us that we need to continually adapt our skill sets to meet evolving requirements in a world where the only constant is change. With the future uncertain, one thing is for sure – ongoing skills development is the best defence to ensure organisations can pivot to handle digital disruption with ease.

However, an obstacle in the way of this process is the overwhelming global digital skills gap. IDC has estimated that two million jobs in artificial intelligence (AI), the Internet of Things, cybersecurity and blockchain will remain unfilled by 2023 due to a lack of human talent. Africa must be concerned with upskilling. Experienced employees are in short supply, meaning the region has had to upskill staff to adopt newer operational initiatives.

SYSPRO’s latest study, Realigning the links of the disconnected supply chain, showed that while 38% of manufacturing businesses upskilled staff to use business systems to their full extent to drive effective and efficient business operations in the face of disruption, 61% of businesses had no intention of building long terms skills training programs to enable a digital workforce.

The ever-changing business environment should also be considered when building a global labour force. In response to changing business needs, the global appetite for developing technological skills is slowly increasing at the expense of traditional business skills. According to the Global Skills Index, the demand for business skills such as sales or communications has been decreasing, while the demand for skills in technology and data science has grown exponentially.

Adding to the complexity, 4IR means that, increasingly, people will need to share the workplace with Artificial Intelligence (AI) platforms and bots. This fundamentally changes the skills matrix required to thrive in the workplace of the future. While industries begin to reflect these changes in line with current trends, it is vital for businesses to proactively continue with training initiatives in foundational business skills with current employees.

ADVERTISEMENT

Refocusing on employees and talent

Businesses that fail to pay sufficient attention to skills development will likely suffer from a variety of productivity-related challenges. This failure to acquire or adequately train the future generation of workers for the digitally driven economy will lead to greater income disparity, increased unemployment, and overall global economic losses.

Ultimately, while digital technology can help to create a more agile, efficient organisation, it’s people who make a business. Organisations now have the opportunity to reassess their strategy to benefit almost every aspect of their operation. Rather than digital adoption is only within the realm of the CIO, CTO and IT, other resources and skills within an enterprise can be brought together to add value and drive transformation seamlessly.

To stay ahead of the curve, organisations and individuals need to commit to lifelong learning, to acquire and sustain the relevant skill sets to succeed in the ever-changing workplace of the future. While 4IR is dominated by technology, the skills that set people apart from machines will be emphasised.


Previous Post

NSE Weekly Turnover Rises 5% to KSh 2.1 Billion

Next Post

CBK Reports a 7.6% Rise in Diaspora Remittance to $ 339.7m in May

Related Posts

Copia Opens Manufacturing Plant in Kenya

Copia Opens Manufacturing Plant in Kenya

August 8, 2022
Italy's Eni Launches First Production of Vegetable Oil for Biorefining in Kenya

Italy’s Eni Launches First Production of Vegetable Oil for Bio-Refining in Kenya

July 20, 2022

EABL Appoints Image Registrars Limited as Registrar

June 24, 2022

Bamburi Cement Plc Shareholders Approve KSh 1.3 Billion Dividend Payout

June 20, 2022

Cosmetics Giant, Revlon Files for Bankruptcy in the US

June 18, 2022

Blow as KRA Shuts Down Keroche Breweries in Fresh Tax Dispute

June 15, 2022

Pwani Oil in Temporary Shutdown Due to Dollar Shortage

June 6, 2022

Rivian Automotive Inc. loses Top Executive Charles Mwangi

May 30, 2022
Load More
Next Post

CBK Reports a 7.6% Rise in Diaspora Remittance to $ 339.7m in May

ADVERTISEMENT

Follow Us

  • 143.5k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In