The continent where everything started for humanity is set to reassert its position in our future. In sub-Saharan Africa, the population is projected to double by 2050. In fact, in the next 30 years the world’s population is set to grow by an incredible 2bn – an increase of more than 25% - and a large portion of that growth will be in sub-Saharan Africa. This exponential population growth comes at a time when the largest demographic for this region will be of working age – a fact that points to the potential for huge economic growth. Growth, incidentally, that will be championed by the digital generation.
The opportunities for industrial enterprises in these regions are evident. There is no doubt that the enterprises meeting the needs of the new markets by leveraging Industry 4.0 technologies and strategies are the ones that will succeed.
For most enterprises though, leveraging Industry 4.0 technologies requires strong change management capacity. It requires learning new skills rapidly, investing in the workforce, investing in new approaches, systems and technologies. It requires embracing disruptive technologies – and often it will entail being a positive disruptor.