AI could unlock SA's economic potential, says GSMA

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AI could unlock SA's economic potential, says GSMA

Artificial intelligence (AI) is poised to enhance efficiency across South Africa's healthcare, energy, and agriculture sectors. The GSM Association (GSMA) emphasizes South Africa's critical role in utilizing AI for socio-economic growth and addressing climate challenges. However, a lack of AI skills may hinder the country's ability to fully leverage this technology.

The GSMA's report indicates that Africa's AI market is currently underdeveloped, accounting for only 2.5% globally, yet it holds the potential to contribute $2.9 trillion to the continent's economy by 2030. South Africa's advanced computing capabilities and research ecosystem position it as a leader in AI, with opportunities to improve sectors like financial inclusion and healthcare. Addressing barriers such as data availability and digital skills is essential for maximizing AI's benefits.

• AI could boost South Africa's economy by $2.9 trillion by 2030.

• Limited AI skills and data availability hinder South Africa's AI potential.

Key AI Terms Mentioned in this Article

Artificial Intelligence (AI)

AI is discussed in the context of enhancing efficiency in various sectors in South Africa.

Data Ecosystem

The report emphasizes the need for robust data ecosystems to support AI applications in South Africa.

Telemedicine

AI-powered telemedicine platforms are highlighted as a means to improve healthcare access in rural areas.

Companies Mentioned in this Article

GSMA

The GSMA's report outlines the transformative potential of AI in South Africa's economy.

Envisionit Deep AI

Envisionit Deep AI is mentioned as an innovator in leveraging AI for remote diagnosis.

Quro Medical

Quro Medical is recognized for its role in improving healthcare accessibility through AI solutions.

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