The technologies that will have the biggest impact are AI, fintech, digital agriculture, the continued roll out of 5G and e-commerce, analysts say.
Analysts share insights about what government needs to do in order to create a conducive environment for the ICT industry to thrive.ITWeb interviewed some pundits about the technologies that they think will have the biggest impact this year.
He points out that according to a country report by the US International Trade Administration, the South African digital economy’s contribution to South African GDP is projected to rise from approximately 8% to 10% in 2020 to 15% to 20% in 2025. “The continued expansion of 5G networks could provide stable, high-speed connectivity to underserved regions, accelerating the shift toward cloud-based systems and advanced digital technologies. Network service improvements, through 5G networks, could offer new possibilities in smart mining and industrial applications, especially the increased adoption of the internet of things .”
The adoption of digital wallets and mobile payment platforms continues to grow in South Africa, driven by a growing demand for secure, convenient, and fast financial services, he notes. “We are seeing artificial intelligence evolve at an unprecedented pace and this is a two-edged sword – it opens up substantial opportunities for individuals, businesses and government itself but threatens to further widen the gulf between digitally advanced nations and South Africa.”
“Policies need to be put in place with some urgency to prevent AI from doing harm and to hold people and organisations accountable for the actions of their AI deployments. Policy development must not be seen as an ICT issue, but needs to assume a wide, multi-sectoral approach, spanning departments, in order to be effective.”
He explains that the government’s role would include subsidisation of delivery of ICT services and products to communities, as needed, and assistance in securing development funding for ICT sector growth and expansion. “The rollout of 5G network infrastructure will probably gain momentum in 2025, enhancing connectivity and enabling advancements in sectors such as the IOT, smart mining, and industrial applications. This transition is expected to improve service quality and spectrum efficiency, fostering innovation and economic growth.”
“Some MNOs are considering collaborations with low Earth orbit satellite operators to extend coverage. If these ongoing discussions come to fruition, this could enhance digital inclusion and economic participation.”
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