SA must adapt to cash in on tech revolution
Trade and Industry Minister Rob Davies says South Africa must adapt to benefit from the technological revolution.
Davies says the technology industry is beginning to replace other sectors.
"What we are going to be seeing in the near future, and already what is beginning to happen, is that it will be data management and digital firms that will be at the apex of value chains. Manufacturing will be in a subordinate place in those value chain," he said.
Davies had been speaking at a Progressive Business Forum breakfast on the sidelines of the ANC's National Elective Conference in Nasrec, south of Johannesburg this morning.
"The digital technologies will be applied in industry. We already see this in South Africa, although we're not at the cutting edge of this. We see this in the form of robotics, we will be seeing it in the Internet, 3D printers and artificial intelligence," he said.
He focused mainly on the business sector within the context of radical economic transformation.