Source : Esther Azaa Tankou ( Head of Information Division ) African Union
THE AFCFTA AND THE 4TH INDUSTRIAL REVOLUTION
He said the AfCFTA is also a critical response to Africa ’ s developmental challenges . It has the potential to enable Africa to significantly boost intra-Africa trade , improve economies of scale and establish an integrated market . It has the potential to be a catalyst for industrial development , placing Africa on a path to exporting value-added products , improving Africa ’ s competitiveness both in its own markets and globally . It also sends a strong signal to the international investor community that Africa is open for business , based on a single rule-book for trade and investment . Worth noting that the Fourth Industrial Revolution is a way of describing the blurring of boundaries between the physical , digital , and biological worlds . It ' s a fusion of advances in artificial intelligence ( AI ), robotics , the Internet of Things ( IoT ), 3D printing , genetic engineering , quantum computing , and other technologies . Whereas a technological revolution is a period in which one or more technologies is replaced
by another technology in a short amount of time . It is an era of accelerated technological progress characterized by new innovations whose rapid application and diffusion cause an abrupt change in society . According to digital dictionaries , the Fourth Industrial Revolution heralds a series of social , political , cultural , and economic upheavals that will unfold over the 21st century . Building on the widespread availability of digital technologies that were the result of the Third Industrial , the Fourth Industrial Revolution is driven largely by the convergence of digital , biological , and physical innovations . It has the peculiarity of changing how we live , work , and communicate . It is reshaping government , education , healthcare , and commerce among other aspect of life
Source : Esther Azaa Tankou ( Head of Information Division ) African Union
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