Local businesses must invest in AI infrastructure to secure market share amid arrival of multinationals in SA
Like any tool or technological advancement, AI can be both destructive or transformative; but generally, the success or failure of technological advancements relies on a susceptible user base and an enabling environment in which it is to be deployed.
“Planes are great, but they become borderline useless without airports, control towers, and regulatory foresight. With that in mind, can we say that the South African economy is ready for AI? Have we built a foundation for local businesses to leverage or successfully adopt AI technologies? In short, we have not. Upsettingly, as an economy, South Africa is not yet fully ready for AI’s presence,” comments Jacques Jordaan, CEO and Co-Founder at Specno.
“Foreign companies and countries have already begun to lay solid foundations for the successf...