“Cutting-edge technologies and institutions can empower manufacturers to customize their products and services to their customers’ needs; as ‘smart’ ecosystems are being established, e-commerce connects smart factories with smart societies,” said Frank van Rompaey, Representative of the United Nations Industrial Development Organization (UNIDO) in Geneva, at a thematic session on “Industry 4.0 and E-commerce” held during UNCTAD’s eCommerce Week 2019.
Organized by UNIDO, the thematic session explored how Industry 4.0 can enhance e-commerce services and benefits. The panelists touched upon the potential economic and social transformations arising from the Fourth Industrial Revolution; identified applications of Industry 4.0 technologies in e-commerce; and shared best practices, experiences and solutions to enhance consumer experience when engaging with e-commerce.
“E-commerce will be a key driver for both the Fourth Industrial Revolution and seizing the opportunities of the African Free Trade Area,” said Alastair Tempest, CEO at Ecommerce Forum Africa. “The union of e-commerce with Industry 4.0 technologies can address the logistical flow of goods in Africa, promote financial technology solutions, enhance customer service and facilitate the growth of digital businesses.”
Taking the example of Brazil, the CEO of ENEXT Gabriel Lima, said: “Only 2 per cent of Brazil’s industrial sector is prepared for Industry 4.0, but this sector is gaining traction,” pointing to the application of Artificial Intelligence (AI) on the iFood platform to provide customers with customized restaurant recommendations and increase the efficiency of order approvals. “E-commerce is asset light and cheap, and therefore a very good starting point to drive Industry 4.0 development in Brazil as well as globally,” added Lima.
Speaking from a consumer’s perspective, Julien Grollier from CUTS International discussed the risks brought by the Internet of Things for consumers related to personal data protection, digital rights management, competition effects, and liability and responsibility chains. “Consumers must play an active role in policy dialogue formulation, increase awareness of their rights; improve their digital literacy,” said Grollier.
Experiences and lessons learned from the private sector relevant to standardization, digital manufacturing, transparent logistics and information interconnection were also discussed during the session.
The Vice President of Sinopec Europa GmbH, Suoyu Zhang, presented the example of China: “Early adoption of e-commerce has now resulted in inclusive development in most sectors within the country. E-commerce has supported the digitization of enterprises and consumers and led to the implementation of efficient and effective digital supply chains.”
Under the theme “From Digitalization to Development”, UNCTAD’s eCommerce Week emphasized the necessity to break down silos among institutions, government representatives and policy makers for an effective contribution of e-commerce towards sustainable development.
African Development Bank launches digital tool to help African youth learn to code
The African Development Bank and technology firm Microsoft today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youth, wherever they are across the continent.
The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to promote a continuous learning culture among young people and build their capacity to shape the continent’s future.
The high-level event drew heads of state and government, ministers and leaders from the private sector and academia to discuss how this new tool and other technological innovations could be used to spur development across the continent.
“The youth employment and skills development challenge is a complex issue that requires systemic thinking and bold partnerships … to address the existing skills gap and link youth to decent and sustainable employment,” said Hendrina Doroba, the African Development Bank’s acting director for Human Capital, Youth & Skills Development.
“The skills training platform launched today is a testament to the impact that such partnerships can achieve and the Bank looks forward to strengthening similar partnerships.”
The platform teaches technical courses such as web development, design, data science and digital marketing and will be constantly adapted to respond to market demand. It is accessible on mobile devices, even in low internet connectivity settings and has an affordable, easy-to-navigate, secured and private interface.
“A defining challenge of our time is ensuring that everyone has equal opportunity to benefit from technology,” Ghada Khalifa, Director of Microsoft Philanthropies for the Middle East and Africa, said at the launch.
“Forward-thinking initiatives such as the digital training platform represent our commitment to helping drive the momentum needed. Though there is still much work to be done, we believe that through dynamic partnerships such as these, we can help build a knowledge-based economy in Africa that leaves no person behind.”
The Coding for Employment Program is a crucial part of the African Development Bank’s strategic agenda to create 25 million jobs by 2025, and to equip 50 million African youth with competitive skills. The Bank piloted the program in five countries (Nigeria, Kenya, Rwanda, Senegal and Côte d’Ivoire) in partnership with The Rockefeller Foundation and Microsoft and is currently developing 14 ultra-modern centers specialized in ICT and entrepreneurship skills trainings for youth.
The goal is to scale up the program to 130 centers of excellence across the continent over a 10-year period. It will create nine million jobs by building synergies with the public and the private sector globally to deliver demand-driven, agile and collaborative skills to empower young people to become innovative players in the digital economy.
The Coding for Employment training platform can be accessed here across 54 African countries.
ADB’s First Satellite Financing to Expand Internet Access in Asia and Pacific
The Asian Development Bank (ADB) signed a $50 million agreement with Kacific Broadband Satellites International Limited (Kacific) to provide affordable satellite-based, high-speed broadband internet connections to countries in Asia and the Pacific, especially in remote areas of small island nations in the Pacific and larger island nations like Indonesia and the Philippines. This is ADB’s first satellite financing.
The Asia-Pacific Remote Broadband Internet Satellite Project will help make broadband internet connections more widely available to countries in the region, where more than 2 billion people do not have reliable internet access due to inadequate infrastructure, geographical challenges, and the high cost of services.
“Better access to reliable, high-speed internet can help improve education services, expand access to information, attract investments, reduce rural–urban development gaps, enhance trade and connectivity, and stimulate local economies,” said ADB Director General for Private Sector Operations Mr. Michael Barrow. “It will also help improve communication, especially during emergencies and times of disaster when terrestrial networks might be damaged.”
“ADB’s role was key in getting this transaction closed,” said Kacific Founder and CEO Mr. Christian Patouraux. “ADB’s involvement has helped secure the necessary financing for this highly developmental project. The benefits of connectivity are life-changing—from increased tourism, access to information, financial services, to health care and education for many remote communities in the region.”
The project will support the construction, launch, and operation of a shared geostationary earth orbit, high-throughput satellite. Kacific-1 is scheduled to be launched by SpaceX in December 2019 and will be operational in early 2020.
The financing comprises loans from ADB and the Leading Asia’s Private Infrastructure Fund (LEAP), which is administered by ADB. Established in March 2016 with support from the Japan International Cooperation Agency, LEAP is one of ADB’s cofinancing vehicles dedicated to private sector infrastructure in Asia and the Pacific.
ADB will be working with GuarantCo, a Private Infrastructure Development Group (PIDG) company, to guarantee additional private cofinancing for the project. GuarantCo provides credit solutions for infrastructure development in lower income countries in Africa and Asia and is funded by the governments of the United Kingdom, Switzerland, Australia, and Sweden through the PIDG Trust and the Netherlands through FMO, the Dutch Development Bank, and the PIDG Trust. PIDG is a development and finance organization delivering pioneering infrastructure in the poorest and most fragile countries.
Cybersecurity: A Crucial Element of Socio-economic Stability and Prosperity
Cybersecurity has become a key safeguard to future socio-economic prosperity and stability as industries are transitioning towards data- and technology-driven business models and governments grapple with the implications of the Fourth Industrial Revolution. More than 80% believe that risk of cyberattacks will increase in the year ahead. With an estimated pricetag of $90 trillion worldwide, there is a rising imperative to safeguard individuals and businesses.
Under the theme Enabling Leadership for a Secure Digital Future, over 150 leaders and experts in the cybersecurity, policy, regulation and technology fields are meeting at the second annual World Economic Forum Annual Meeting on Cybersecurity in Geneva, Switzerland, to address three priorities: Strengthening global cooperation for digital trust and security, securing future digital networks and technology, and building skills and capabilities for the digital future.
Meeting participants include government representatives from G20 countries, civil society organizations and academia, and prominent cybersecurity leaders from companies representing a cross-section of industries in the private sector. Ten international organizations, 18 countries and over 20 specialized agencies are taking part.
“As the international organization for public-private cooperation, the World Economic Forum is leading a global effort to drive systemic change on the most pressing cybersecurity issues. We believe that this change will be most impactful if the private sector and the public sector work on solutions together,” said Alois Zwinggi, Head of the Centre for Cybersecurity.
Key sessions include preparing for future threats, how to secure smart cities, increasing security by replacing passwords and building cyber-resiliance. Leadership, governance and cooperation were key themes.
The Forum, as the International Organization for Public-Private Cooperation, is offering its Platform on Cybersecurity and Digital Trust to allow the participants to drive the cybersecurity agenda for the coming year, to share information on emerging cyber-threats, jointly assess the risks of emerging technologies and collaborate on urgent action to combat cybercrime.
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