Over the past centuries there has been a transition in humanity with the different industrial revolutions. From the eighteenth century, we saw the advent of the first industrial revolution that was underpinned by a strong mechanical loom. We juxtapose to recent times where we find that Information and communication technology (ICT) is an industry that is at the forefront of the fourth industrial revolution (4IR).The ICT Sector has CAGR of 4% and Africa only contributes 5% contribution to global IT spend. There are untapped opportunities we will leverage from.
The revenue is realised mainly in system integration, cyber security and automation. This comprises of IT ( Hardware, Software and Support) as well as Communications (Telecommunications, smartphones and devices). We are looking at cutting edge Emerging technologies with a revenue growth rate (+104%). There are key economic drivers for growth in the ICT industry. Emerging technologies such as Internet of things (IoT), Software as a Service (SaaS), Artificial Intelligence (AI) Robotics and drones.