4TH INDUSTRIAL REVOLUTION CHANGING ECONOMIES
I CAN Founder David Molapo and Prime Minister Ambrose Mandvulo Dlamini

4TH INDUSTRIAL REVOLUTION CHANGING ECONOMIES

The 4th Industrial Revolution marked by unparalleled technological advancement is bringing to the fore many positives for human development and, in extension, opening up a plethora of options and opportunities for the future economic and social development of all nations. Prime Minister Ambrose Mandvulo Dlamini says the 4th Industrial Revolution is impacting national economies and social services such as health, education and training. Dlamini was speaking during the 4th Industrial Revolution Seminar held at Royal Swazi Spa. “Governments in collaboration with businesses have to be at the forefront of determining the new set of job skills needed in the
current environment to avoid unnecessary job losses,” he said. Dlamini further stated that the seminar came at a time when Government was re-strategizing and re-engineering its processes to help streamline the economy of
Eswatini and place resources where they would offer maximum impact in changing the lives of Emaswati. “This forum provides sufficient ground for leaders in the different spheres of our society to learn, embrace and be proactive
in addressing the needs of the next generation of leaders,” said Dlamini. This is a time when most businesses are revolving to be entirely technology driven and where data is king, allowing executives and managers to make
smarter and faster choices than ever before. Business models are fast changing from simply selling products and services to creating relationships with customers by personalizing these products and services to suit individual
consumers. Dlamini said consequentially the 4th Industrial Revolution needed leaders who would promptly identify the trends that may disrupt their business models and processes; who would work in haste to exploit opportunities
provided by emerging technologies, to increase productivity and growth while not falling victim to lack of strategic planning in a highly paced environment of ever-changing technology. “The role of transformational leadership, therefore, cannot be overemphasized as we navigate the wave of technological evolution in the midst of a generation of tech savvy individuals,” he added. Moreover, the Prime Minister said Eswatini needed to develop the
models of leadership that provided space for innovation and creativity to blossom in the work place, a leadership that could motivate and nurture others in a way that spurred business growth and created new jobs and opportunities.

Leave a Reply

Close Menu
×