Africa’s technology trajectory has long been about leapfrogging. The mobile phone has allowed it to skip the fixed lines, while mobile money has enabled African countries to bypass the need for banks. Cloud technology is assisting businesses in achieving digital capabilities without the burden of old IT investments.
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AI could represent another big leap.
This opportunity may not just belong to African businesses that are fast in adopting AI. It could belong to organizations that are willing to rethink their management, leadership, structure, and competition in light of this technology.
McKinsey estimates that the adoption of AI at a significant scale could bring economic value of between $61 and $103 billion to Africa, with technology, telecoms, and financial services being among the quickest industries to adopt such technologies.
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