Page 84 - Forbes - Africa (March 2020)
P. 84

THE FIVE







           TRENDS TO






           FUTURE-






           PROOF







           YOUR






           BUSINESS









           Some of these fads were slowly building in
           the previous decade, others are still

           nascent, but need your full attention to
           prepare your business for the times ahead.


           BY SAMANTHA STEELE








           1. AI AND MACHINE LEARNING                                              have discovered that even unconscious human biases are learned
           Key takeaway: Automate repetitive tasks, but be wary of                 by machines (for example, CVs belonging to certain genders and
           automating inefficiencies and biases.                                   races are discredited. Machines are not born neutral – especially
                                                                                   if they’re learning from humans.) Embrace machine learning, but
           You’re surrounded by artificial intelligence (AI) and machine           do so with a pinch of salt.

           learning: from the recommendations Netflix makes based on
           your viewing history to those pesky adverts that track you              2. DRIVERLESS CARS AND THE SUPPLY CHAIN
           around the internet. As Bronwyn Williams, a trend analyst at            Key takeaway: Autonomous cars are still about 15 years away, but
           Flux Trends in South Africa, explains, “Most of what you think is       it’s best to prepare your fleet and supply chain choice now.
           AI is actually machine learning.” Williams emphasizes that fears
           about AI “stealing jobs” are overrated, and most businesses will        The automotive industry is going through some major changes:
           see the arduous, repetitive tasks given to machines, freeing up         electric cars, the growth of services like Uber and Lift, and
           humans for analysis and critical thinking. She warns businesses         lastly, the development of autonomous vehicles. Though the
           to remember it’s the human interaction that differentiates              first two will impact everyday consumer experiences, it’s self-
           one offering from another. “Don't automate away your value.             driving cars that will massively alter businesses and their supply
           Look under the hood and make sure you understand why you                chains across Africa in the next decade. “As convenience and
           are automating something – and be careful not to automate               efficiency are the cornerstones of the fleet industry, there is no
           inefficiencies.” Looking at automated HR processes, companies           doubt self-driving vehicles will start making a play for their





           80 |  FORBES AFRICA MARCH 2020                                                                                               FORBESAFRICA.COM
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