It has been a jargon, whitepaper and report laden year with things happening across all major sectors from medicine, media, arts, security, environment, telecommunications, finance and even government. That ought not to be a surprise since every business is a technology business in this day and age. I have done my fair share of reading, analysis, juxtaposition and eventual sharing of what and where I think technology is headed and its applications in the local context that is Africa.
At the end of the day, I do realize that while thinking through possibilities is important and part and parcel of the innovation process, nothing beats building out and testing products and services, working through innumerable iterations, testing both hypothesis and assumption to arrive at stable, scalable and sustainable versions of innovations whether they serve to augment or disrupt the status quo. I have three verticals that I hope to see teams push the envelope.
Payments and Transactions
We have been treated to a crypto world roller-coaster and the verdict is still out there on whether it is worth it to engage with the mediums in their different forks, as they all try to store and move value cheaper and more efficiently.
Maslow’s hierarchy of needs dictates that the physical will continue to dominate consumption. There is still lots of friction along the commerce fulfillment chain and we need to think harder and beyond online properties with local payment integration and logistics.
At the core of both government and business is the uniquely identifiable persona. We need to hand the reigns of control on personal data back to the owner, the creator of the digital footprints. Power and profit have long ridden on disenfranchised and often clueless masses.
We must challenge ourselves to deliver on a number of concept proofs to demystify and make almost tangible, the benefits and value that we constantly push as pundits; driving the adoption curve beyond early adopters and into the majority. Markets have a way of serving curveballs that can blindside even the best of us.
This will call for intense collaboration of peers across different disciplines – the avant-garde and traditionalists, enterprise players, lobbyists, academia and government for that all important regulatory through pass.
Here’s to hoping we can have a decent number of experiments conducted and some pleasant outcomes at this time next year.