What Would I Need.To.Add To.Subs To Make Better Music Indomitable Digitization: 5 Simple Marks on Advantages of the Digital Economy in Sub-Saharan Africa

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Indomitable Digitization: 5 Simple Marks on Advantages of the Digital Economy in Sub-Saharan Africa

The data shows that the digital economy is becoming a large part of the global economy in the world. In many sub-Saharan African countries, some aspects of the digital economy have already had a huge impact on the daily lives of the population. This is especially noticeable for mobile payment. In a country like Kenya, the mobile payment represents 10% of its annual GDP. Other factors, such as the emergence of equipment in the device market at reasonable prices and increasing connectivity, are strengthening the movement towards the digitization of socioeconomics and culture. As a result, there are many positive results that those countries should focus on and improve Here are five such benefits:

1. Digital economy improves creativity and business entrepreneurship

The connection between digital economy and creativity is almost obvious. The major technological services of recent years are based on disruptive ideas. Creativity is the driving force that allows us to address problems around us and take advantage of opportunities. Now is the ideal time to break rules, build and innovate culture, find original ways to monetize ideas, and ultimately have a profound impact on society. The idea to invent a medical tablet with a touch screen came to a young Cameroonian engineer while he was interning at a public hospital. During his internship, he decided to address the issue of the critical shortage of heart surgeons by building a device that would be able to perform medical tests in remote locations and transmit results to doctors for interpretation and diagnosis. Being and remaining competitive in this digital age requires you to invent new business models and approaches in relation to customers and access to markets. The good news is that people can be inspired by many successful examples in this current world.

2. The digital economy has a direct impact on employment

There are many potential jobs related to the ICT field, such as computer and electronic products, software publishing, telecommunications or IT. There is also a demand for experts in the global ecosystem: mobile app developers, data scientists and social network experts. Of course, skilled workers are needed worldwide and this offers the possibility for anyone to nurture his/her career locally or globally at any time, even from the comfort of his/her own home. Freelancers and entrepreneurs can take advantage of the many opportunities available to start their own business. But it is important to remember that people need to work together, share new ideas, evaluate their projects and develop synergies. It can be relevant for both employers and employees to think deeply about the change in work habits with the ‘observization’ of the labor market.

3. The digital economy opens up Africa as a potential global market

Contrary to what some mistakenly think, Africa is not a country. But one of the promising prospects of the digital economy, especially for investors, is the possibility of looking at the African market as a whole or at least as blocks of potential customers with similar purchasing power and/or lifestyles. Today, many business managers and developers are increasingly targeting the growing African urban consumers as they have become demand accelerators. Africa Internet Group (a startup founded in Nigeria in 2012) now operates e-commerce companies in 26 countries across Africa and recently received additional investment of $245 million to support its continued growth. Today, entrepreneurs need to have the mindset of African musicians because many have thought of their art as something to be valued in many African countries. And that is why they list cities that they think will be successful in their craft: Douala, Abidjan or Nairobi, and even other cities outside the continent.

4. The digital economy causes positive social effects

For some people excluded from the financial system, mobile devices were a channel to access certain financial services. It was even the first step in connecting them with the rest of society. Today with mobile money, anyone can buy a plane (or train or bus) ticket from a mobile phone without a bank account requiring proof of official employment, for example. There are still ways to explore the suitability of microcredit for mobile money in an optimal way that can address dynamic populations without ideal means and projects to invest in. In the same way, fields like m-health and m-education are just beginning to be explored.

With the digital economy, the production chain is a shortcut and collaboration is a way to great achievements. The fact that information is instantly available to everyone reduces inequality between citizens. Anyone can be skilled at taking their destiny into their own hands without necessarily being tied to a strong network. With the potential growth caused by these patterns and if various stakeholders implement good practices, sustainable development is the normal output of these positive effects.

5. Digital economy increases sustainable development

It does require fewer warehouses, fewer objects and sometimes there is no need to keep inventory; “Dematerialization” is positive for the environment. For example, if people buy fewer cars because they share with other people through a digital platform, it can effectively contribute to reducing traffic in our cities and bring about more ecological balance.

Alongside the social and economic dimensions, culture occupies a decisive place in today’s dematerialized world, as stated in the latest UNESCO report. This is the time to produce locally relevant content that will serve the growing demand for books, music or movies. The quality of many tools allows serious artists to create and offer their creations to the world. And it’s even easier to access funds through crowdfunding and other digital financial facilities.

The digital economy is emerging in sub-Saharan Africa as a powerful catalyst for growth and development. But people have to learn to work together and be open to the world. Creative ideas and finding disruptive ways to make things happen are needed. Opportunities are everywhere to fulfill personal needs and help others.

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