“In the future, technological innovation will also lead to... long-term gains in efficiency and productivity. Transportation and communication costs will drop, logistics and global supply chains will become more effective, and the cost of trade will diminish, all of which will open new markets and drive economic growth.”
- Klaus Schwab, Founder & Executive Chairman of the World Economic Forum¹*
In consonance with the statement made by Klaus Schwab on the Fourth Industrial Revolution (4IR), which highlights how technological breakthroughs especially in the digital space will reshape work, lifestyle and culture, Chromehive believes that this revolutionised future of work in Africa will be characterised as equitable, creative, agile, scalable, and hybrid. Any job that will not be replaced will have to have most or all these e.C.A.S.H attributes in the next decade.
This implies that the work (with good income) that will stand the wind of the 4IR and will bring Africa’s economic change should:
• Be accessible to all, regardless of their background or location.
• Be innovative and adaptable to change.
• Be scalable to meet the needs of a growing population in a secured way.
• Be executed in diverse settings, from offices to homes or any other suitable environment.
Reflecting on our commitments to verticals, or innovating sustainable & new technologies to solve pressing problems in Africa, we centre our efforts on value creation.
We believe Africa has a unique opportunity to leapfrog traditional industries and develop cutting-edge solutions that can benefit the entire continent.
In contrast, horizontals, or replicating business models and systems, are recipes for value destruction.
In that place of duplication leading to fierce resource competitions, less innovation means employee salaries remain relatively constant while workloads and inflation increase. Then, workers begin finding it hard to survive, and with weakened physical and mental health, productivity is stifled and company growth is impeded in the long run.
The people’s wellbeing matter. Hence, Chromehive believes that African businesses must focus on creating new sustainable value, and not just replicating what already exists. This created value will boost the standard of living for the people by increasing the earning power of those within the innovation; hence, building a sustainably better economy.
The future of work in Africa is bright, and it pays off well for those prepared for it. With Chromehive’s vision for eCASH-focused work & workspaces, Africa will become a contributing leader in the global economy, creating jobs and opportunities for all.
Here are some specific examples of how Chromehive is working to create a more equitable, creative, agile, scalable, and hybrid future of work in Africa:
• Developing digital platforms for African businesses to access global markets.
• Training African entrepreneurs in the latest technology skills.
• Creating a network of co-working spaces across Africa.
• Advocating for growth policies skewed towards the tech sector in Africa, especially in this fourth industrialization.
Chromehive is committed to making the future of work in Africa a reality.
We believe that Africa has the potential to be a global leader in innovation. Join, support, and partner with us as we work together to make that happen.
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REFERENCE
¹* Schwab, K. (2016, January 14). The Fourth Industrial Revolution: What It Means and How to Respond. World Economic Forum.
https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/