As the GCC retail sector adapts to the transformative potential of Artificial Intelligence (AI), its impact on customer relations and sales is becoming increasingly recognized. Retailers across the GCC are ramping up their AI investments, projecting a global annual expenditure of approximately 7.3 billion dollars by 2022. This strategic pivot highlights the sector’s commitment to […]
Africa is undergoing impressive urban growth. The continent who was alongside with Asia one of the least urbanized in the world back in 2014, is now demonstrating fast urbanization rates[1] and is envisioned to reach a 2.4 billion population within the next decades favoring cities over rural areas[2]. By 2030, it is expected that 6 […]
Additive manufacturing, or 3D printing, is a truly disrupting phenomenon whose market, technologies, knowledge, and field of applications are witnessing an exponential growth along the last 10 years. Counted among the main technologies leading the 4th Industrial Revolution, Additive Manufacturing is currently transforming industrial production: At a company level, in the sense of redesigning the […]
Digitalization, a term commonly confused with digitization, is currently a burgeoning phenomenon and the rise of the fourth industrial revolution has a lot to do with that. According to Gartner’s IT Glossary, digitalization is the use of digital technologies to change a business model and provide new revenue and value-producing opportunities [1], whereas, digitization is the […]
Can Africa feed the world? The sector of Agribusiness in Africa has been experiencing steady growth, potentially positioning the continent as a significant player in global agriculture. With a focus on enhancing resource efficiency, Africa’s agribusiness could not only achieve self-sufficiency but also contribute to global food security. The focus on agriculture emerged from […]
“Broadband can radically change the socio-economic prospects for the region and contribute to higher growth and shared prosperity.” – Carlo Maria Rossotto, World Bank ICT Regional Coordinator in the MENA region[1]. The majority of African countries have certainly been lagging behind in the economic development path. Public opinion usually agrees that this underdevelopment is due […]
Artificial Intelligence (AI) was first coined in 1956 by the scientist John McCarthy at Dartmouth College. [1] Nearly 60 years later, it is now enjoying a major resurgence thanks to the exponential increases in computing power, the development of more sophisticated algorithms and the vast availability of data. [2] The convergence of these technological developments […]
Over the course of history, humans have been trading goods and services using different means. All these means have something in common – the agreement of their value, and thus their use in operations. One example of an ancient form of human exchange was witnessed in Micronesia where they used an exchange method called the […]
Is a wind of economic patriotism blowing in the Senegalese telecom sector? In February 2017, the Luxembourg-based telecom company Millicom announced the signature of an agreement for the disposal of its subsidiary Tigo Senegal which is the second telecom operator in the West-African country. This operation is considered as particularly worth noting since the acquirer of […]
Mobile Banking and Why It’s Growing in Africa Mobile banking allows its users to conduct financial transactions through mobile devices such as mobile phones and tablets. It is a service offered by banks and other financial institutions that allow users to obtain account balances, pay bills and transfer funds on their mobiles. However, mobile banking […]
