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Data Is The New Gold

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The city of Johannesburg was established in 1886 after the discovery of gold. Gold is a mineral that has been deemed valuable for thousands of years. It does not rust and it is malleable.

Gold has been used in jewelry as well as in the semiconductor industry to build electronic circuits. You can bury gold for hundreds of years and the worst it can get is accumulate dust.

Because of its durability, gold has been used to store value in the form of money. In many countries, printed and minted money used to be linked to stored gold, which was reserved in the central bank. This way, central banks used to print as much money as they had gold reserves. There had been many attempts to move away from the gold standard beginning in the United Kingdom in the 1920s.

READ MORE | The 4IR Strategy To Move Forward

However, the first successful move from the gold standard was in the 1970s during the Nixon Administration in America.

At this time, the United States (US) ran out of gold and moved from the gold standard and floated the US dollar. Floated currency is regulated by the laws of demand and supply and is closely linked to the economic productivity of a country.

The idea of gold as the most important economic asset has passed. Instead of entrepreneurs going to California to look for gold, as they did in the past, they now go to Silicon Valley to create companies that exploit the acquisition and sharing of data.

Facebook is one such company that has connected the world and expanded our friendships – although, in my opinion, it lowered the quality of those friendships.

Facebook’s most valuable asset is not the software that connects people, which can easily be replicated, but the data of the over two billion active users it connects.

The most valuable asset of Uber, the ride-hailing service that does not own a single taxi, is the data of the people who use it. The prime asset of Google, the largest library, which owns no physical library, is the index that takes customers to their desired websites.

Therefore, the new valuable asset is not gold but it is data. Data has become the new gold! With a population of 1.3 billion people and a total purchasing power parity gross domestic product (GDP) of $6.74 trillion, the population of Africa is growing at the rate of 2.6%.

Much of Africa’s demographic is youthful. Much of this population is increasingly connected to the internet.

In 2017, Facebook had 170 million subscribers, which constitutes approximately 15% of the total population of Africa and this subscription is growing. Companies such as Google reportedly give accounts in exchange of subscriber data. These companies have been reported to have sold this data to entities such as advertisers, political parties etc. The exchange of personal data for an account is unfair trade because the value of personal data is far greater than the value of an account. 

READ MORE | Big Data And Smart Farmers For Africa’s Agricultural Transformation

What do we do to commercialize the vast African database?

Firstly, we need to develop technological capacity to gather, process and monetize the African database. To achieve these, we ought to improve and expand our educational institutions, paying attention to the development of programs in data science. We need to embed data science subjects such as data analytics and software engineering into primary, secondary and tertiary education.

Governments and the African Union ought to expand projects such as the Deep Learning Indaba as well as the African Institute of Mathematical Sciences that are developing mathematics, machine learning and artificial intelligence expertise in Africa.

To gather data, we need to politically organize ourselves to create economies of scale. Regionally, organizations such as the Southern African Development Community (SADC) and Economic Community of West African States (ECOWAS) should create regional data banks that collect, protect and store regional data.

 Continentally, the African Union should coordinate data gathering and develop data protection policies. We need to create laws and policies that regulate data nationally, regionally and continentally.

– Tshilidzi Marwala is a professor and Vice-Chancellor and Principal of the University of Johannesburg. He deputizes President Cyril Ramaphosa on the South African Presidential Commission on the Fourth Industrial Revolution.

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How To Cut The Cord: The Top Smart TVs For Streaming 2019

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Freeing yourself from the shackles of cable or satellite television is easier to do than you might think, especially if you have a smart or connected television.

Smart TVs have integrated internet and interactive features that allow users to stream music and videos, browse the Web and view photos. Almost every new high-end television sold within the last two years or so has smart capabilities. So how do you choose?

If you want to take advantage of streaming services like Netflix, Hulu, Amazon Prime and more, then look at these television sets.

LG C9 OLED 65-inch TV
Best smart TVs
On the streaming front, it provides a single place to browse and search for TV shows and movies from apps like Hulu, Amazon Prime Video, ESPN, PlayStation Vue, and more. LG

In addition to a beautiful, detailed picture and a big soundstage, this 4K OLED sports cutting-edge connectivity, including an HDMI 2.1, and a comprehensive feature set including both Google Home and Amazon Alexa built in. It also comes with Home Dashboard, a new tool that turns the set into the central control hub of all your connected home devices—from doorbell cameras to smart thermostats to appliances like a washing machine or a stove.

On the streaming front, it provides a single place to browse and search for TV shows and movies from sites such as Hulu, Amazon Prime Video, ESPN, PlayStation Vue, and more. It also lets users rent, purchase and watch TV shows and movies from Apple’s iTunes store.

Vizio 55-inch M-Series Quantum
Best smart tVs
This Vizio is equipped with updated SmartCast 3.0 software includes support for Apple AirPlay2 and HomeKit, making it just as suitable for iOS users. VIZIO

At under $700, the 55-inch M-Series Quantum offers a serious value in the smart TV arena. Not only does it deliver an excellent picture and sound, but it is also equipped with updated SmartCast 3.0 software, which includes support for Apple AirPlay2 and HomeKit (making it just as suitable for iOS users).

The update also has a more vibrant selection of locally installed apps, including Netflix, Amazon Video, Hulu and Vudu. Thanks to a partnership with PlutoTV, the Vizio also offers a dedicated streaming channel called WatchFree, which gives you a TV-watching experience with more than 100 free channels, including sports, news, cartoons, and movies. You can also pair the set with an Amazon Echo device for voice control with Alexa.

Sony Master Series 65-inch A9F OLED TV
Best Smart TVs
This 65-incher also comes with Google Assistant capability, which lets you search for content, find online information, use online services and even control smart-home devices.SONY

If money is no object and you want a TV with loads of features, an incredible picture and terrific sound, go with the Sony A9G. The A9F is one of the first Sony Android TVs to ship with the newest version of its smart OS. The most notable names in video are preloaded, including Amazon Prime Video, Google Play Movies & TV, Hulu, Netflix, Sling TV,and YouTube. For music, Google Play Music, Pandora, SiriusXM, Spotify, Tidal and a slew of internet radio stations.

This Sony 65-incher also comes with Google Assistant, which lets you search for content, find online information, use online services and even control smart-home devices. 

TCL 43S517 Roku Smart 4K TV
Best smart TVs
The Roku TV interface is uncluttered and easy to navigate, with big square tiles for all your apps and streaming services, including Netflix and Hulu. TCL

Great things can come in packages costing less than $400. Not only will you get a terrific picture, robust sound and a slew of genuinely exciting features, this TCL 43-inch model sports Dolby Vision HDR, Dolby Atmos audio support and integrated Roku voice search.

The Roku TV interface is uncluttered and easy to navigate, with big square tiles for all of your apps and streaming services, including Netflix and Hulu. There are also apps for major broadcasters, major sports leagues, and premium channels such as HBO and Showtime. Of particular interest to cord-cutters will be support for Sling TV, which provides a cable-like experience without the expense of a cable subscription.

Insignia 43-Inch 4K Fire TV Edition
Best Smart TVs
This under $300 43-incher offers most of the apps you’d expect, like Netflix, Hulu, HBO Go and HBO Now, as well as Amazon Prime Video. INSIGNIA

Amazon finally seems to have a Fire TV that can compete with the Roku-powered smart sets. This 4K television with HDR support is packed with features for the Amazon faithful, with Alexa voice interaction built-in, Amazon’s huge selection of Fire TV apps, and a smart TV experience that puts Prime Video centerstage.  

This 43-incher costs less than $300 and offers most of the streaming apps you would expect, such as Netflix, Hulu, HBO Go and HBO Now, as well as Amazon Prime Video. Plus, Fire TV will soon get an official YouTube app packed with services such as YouTube Kids, YouTube Music and (most critical for cord-cutters) YouTube TV.

-Chuck Tannert, Forbes

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Multi-Disciplinary Education In The 4IR Era

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There is an adage that states “if you want to know the future of a nation, study the behavior of its teachers”.

The most potent force for political, economic and social progress in society is education. The measure of how great a nation will rise is determined by how many people in its population are educated. The African continent today has a total purchasing power parity gross domestic product (GDP) of $6.7 trillion, and a population of 1.2 billion people.

According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), in 2016, sub-Saharan Africa had a literacy rate of 76% compared to 89% in South and West Asia, 87% in the Arab states and 98% in the developed nations.

This literacy rate in sub-Saharan Africa is far from adequate, and calls for urgent and practical action to improve it.

READ MORE | Amid Trade Wars, What Africa Must Do

We are living in an era characterized by the fourth industrial revolution (4IR) where technologies such as artificial intelligence (AI) and blockchain are changing all aspects of our lives. Factories are automating. Because of these changes, the nature of work is changing.

Many jobs are disappearing altogether, and new types of jobs are being created. For example, we now have jobs that did not exist 20 years ago, such as Data Scientists. AI is now able to diagnose severe diseases such as pulmonary embolism, epilepsy and leukemia complementing the work of medical professionals. Because of the rapid automation in the medical field, doctors today require an in-depth knowledge of technology.

These changes in society because of 4IR require new sets of skills. Are our education systems ready to capacitate our people with the requisite skills to tackle the problems of 4IR?  Do we have enough teachers at all levels of our educational systems to be able to give our people skills that will make them useful in the 4IR era? Do we have enough educational institutions to be able to skill our people? Unfortunately, the answers to these two questions are in the negative.

READ MORE | Data Is The New Gold

Given that we do not have enough teachers nor educational institutions to provide a critical mass of our people the requisite capabilities that will help them survive in the 4IR, what is to be done? One way of tackling this problem is to take a lesson from the first Indian Prime Minister, Jawaharlal Nehru, who realized that for India to thrive in the 20th century, it needed to invest in elite technical education. In this regard, he introduced the Indian Institutes of Technology (IIT).

Nehru had this to say in 1956 at the first convocation address of the first IIT in Kharagpur, a city in West Bengal: “…Here in the place of that Hijli Detention Camp stands the fine monument of India, representing India’s urges, India’s future in the making. This picture seems to me symbolical of the changes that are coming to India.”

It is vital that African countries create a few elite institutions that will drive the African continent into the 4IR. The Pan-African University supported by the African Union is a good start, but we can do more.

Additionally, these elite institutes should not be limited to higher education only but must also focus on primary and secondary education. One example in Johannesburg is the African Leadership Academy (ALA), which targets gifted 16-to-19-year-olds. Today, the ALA has alumni from 46 different countries making an impact on the political, economic, and social aspects of the African continent.

READ MORE | The 4IR Strategy To Move Forward

For us to thrive in the 4IR era also requires our educational experience to be multi-disciplinary. In our limited institutions of higher learning, students enrolled for programs in the human and social sciences must also study technological subjects.

Those enrolled in technological programs must study human and social subjects. Technological subjects should focus on the issues that confront the African continent, such as affordable and appropriate technology, limited and incomplete data, and cost-effective manufacturing.

The human and social subjects should focus on the urgent issues facing Africa today, such as social cohesion, connectivity, stability, conflict and unity. Due to the limitations of physical infrastructure and good teachers, African countries should pull their resources together and invest in online platforms to facilitate education through modern techniques such as blended and augmented learning.

The outcome of the education system, whether at primary, secondary, or tertiary levels, should be logical, numeracy and verbal skills. These skills will give our people the capacity to tackle the challenges of the 4IR such as coding, problem-solving, critical thinking, creativity and decision-making. 

– Tshilidzi Marwala is a professor, Vice-Chancellor and Principal of the University of Johannesburg. He deputizes President Cyril Ramaphosa on the South African Presidential Commission on the Fourth Industrial Revolution.

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Creators Rather Than Consumers

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More entrepreneurs are committing to closing the skills gap in Africa’s future job market.


In 2015, an image of a young man, Tankiso Motaung, at a street corner in the middle of Sandton, Johannesburg, holding up a placard, went viral. On the sign were the words, “I have a BTech in electrical engineering. Please help. I need a job,” along with his contact number.

The following year, an image circulated on social media of Anthea Malwandle, a young chemical engineering graduate, standing by the traffic lights, similarly, begging for a job.

What is the future of work in a digitally-led world? Is it this dismal?

The World Economic Forum’s (WEF) 2018 Future Of Jobs Report, reveals nearly 50% of companies expect digitization will lead to a reduction in their full-time workforce. It further estimates that by 2022, 75 million jobs globally would taper off as a consequence of digital business transformation. 

READ MORE | South Africa’s Informal Sector: Why People Get Stuck In Precarious Jobs

South Africa’s unemployment rate is already high. Motaung and Malwandle represent more than 50% of our youth that are unemployed. And according to Statistics South Africa, one out of three graduates will, likewise, enter the job market without any economic prospects.

But Nedbank economist, Isaac Matshego, is full of optimism. He is of the opinion that the initial job losses will be temporary.

“As humans get better acquainted and familiar with the new way of doing things and incorporating the new economic methods of production, we often see a net benefit to humanity overall,” he says.

More so, Matshego advocates that at the beginning, digitization actually requires human skills and so does the maintenance of the technology.

“That means we have to train our information technology staff,” he elaborates.

READ MORE | 4 Ways To Develop Employment-Ready Graduates

The good news is that digital and other tech innovations will directly and indirectly produce new sources of work. The WEF report further suggests that 133 million new jobs may be created by 2022, thanks to industry 4.0.

But, for these opportunities to scale to the extent needed to address South Africa’s current employment crisis, there needs to be a strong supply of quality skills – spanning foundational skills like basic numeracy and literacy, through to advanced tech skills, according to Mark Schoeman, a manager of youth and technology at economic consulting firm Genesis Analytics.

“The first hurdle South Africa has to overcome is closing the skills gap in the short-term. There are an insufficient number of graduates with key skills in STEM being produced by educational pathways, and a qualification-job mismatch which sees graduates taking up work that does not reflect their qualification,” he says. Schoeman asserts this gap is an impediment to the country’s ability to realize new economic opportunities brought forth by technology.

READ MORE | OPINION | Technology Is Useful, But Drones Alone Won’t Save Africa’s Elephants

Government and private interventions have been made to ensure young people are training and learning critical skills to thrive in the changing world of work.

Heeding this call is WeThinkCode, one of the organizations fixated on future-proofing the youth. A non-profit, new-age technology school, WeThinkCode, led by Managing Director, Nyaradzai Samushanga, seeks to eradicate unemployment in the ‘tech’ economy by providing youth with skills sought after in the new world of work.

Headquartered in Johannesburg, the tuition-free school was founded in 2016 by three South Africans: Arlene Mulder, Yossi Hasson, Justinus Adriaanse and French citizen, Camille Agon. The institution enrols 430 students aged 17 – 35 years who are taught technical skills in software development including programming, graphics and algorithms.

“We do not measure success when students graduate. We measure success as placement at employment,” says Samushanga.

“All our graduates have been placed into permanent employment with a minimum entry-level salary of R20,000 ($1,408) per month… It is taking someone who could’ve fallen in between the cracks, and now they are a highly-skilled worker,” says Samushanga.

READ MORE | 5 Ways Tech Can Revolutionize Education

More entrepreneurs are committing to the cause of closing the skills gap in Africa’s job market. Audrey Patricia Cheng, 25, the co-founder and CEO of Moringa School in Nairobi, Kenya, says: “We realized there was a massive gap in terms of access and also quality education. And we are seeing a massive rise in the number of jobs around technical skills because many companies are moving to the digital space.”

Since its inception in 2015, Moringa School has since trained close to 2,000 students with the necessary digital skills. Cheng is confident the continent is moving to a future where Africans would be creators of technology rather than just consumers.

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