Former Dimension Data CEO Brett Dawson on Monday announced the launch of a new Fourth Industrial Revolution (4IR) startup incubator.
Campan is a personal investment platform created by Dawson to invest and nurture businesses aligned to 4IR.
Campan will invest in 4IR startups that are poised to challenge existing business models through the positive application of technologies such as automation, artificial intelligence, data exchanges and cloud-based solutions to name a few.
“The Internet of Things (IOT), big data and cloud computing are just some of the technologies that are driving the world’s transformative transition to the 4IR,” Brett told TechFinancials.
“We are entering an age where technology, data and business are wholly intertwined, leading to massive changes in efficiency and customer service”.
Dawson says 4IR will enable innovative start-ups to achieve staggering success thanks to the positive differences that technology introduces to both industry and process.
Why 4IR is Important?
The Fourth Industrial Revolution is changing everything – from the way we relate to each other, to the way our economies work, to what it means to be human. We cannot let the brave new world technology is creating simply emerge.
South Africa will soon establish a Digital Industrial Revolution Commission, which will include the private sector and civil society, to ensure that our country is in a position to seize the opportunities and manage the challenges of rapid advances in information and communication technology, President Cyril Ramaphosa disclosed in his maiden state-of-the-nation address.
“Our prosperity as a nation depends on our ability to take full advantage rapid technological change,” he said.
“This means that we urgently need to develop our capabilities in the areas of science, technology and innovation.”
He added that the drive towards the digital industrial revolution will be underpinned by the availability of efficient networks.