Rani said: “If we do not embrace the 4th industrial revolution now, and believe it is still far off, while it has, in fact, dawned it will result in a huge problem. If we do not upskill the youth today we will be consumers instead of producers.”
The annual meeting of champions which will run for a week is one of the World Economic Forum (WAF) programmes.
Rani is one of the 11 global entrepreneurs who was recognised by the Schwab Foundation for Social Entrepreneurship, a leading global platform.
“I am eligible to attend 2-4 of the World Economic Forum events per year which are in Davos, Switzerland, the annual meeting of champions in China, an Africa one held in Cape Town and Sustainable Development Goals (SDG) in New York,” he said.
He said the purpose of the event was to engage leaders who have the vision and values to shape the future in the new context.
The topics will focus on conversations on leadership 4.0, fostering agile industry leadership, unlocking the value of data for future urbanisation, promise of technology in education, the internet of toys (artificial intelligence and the next generation) and the future of work.
To address job losses in companies and banks he said it was important to embrace technology and be innovative in work implementation. He added that it was paramount for staff to be trained in digital skills.
In the grand scheme of things he said technology will automate things.
“It will bring interconnection and there will be much more efficiency in how we run things in our daily lives. Artificial Intelligence (AI) will be able to take over routine tasks. This will open many doors for entrepreneurs in terms of assisting robots. People will have more time to think of more innovative ways to do things.”
“ In the recent State of the Nation Address, President Cyril Ramaphosa spoke about smart cities and bullet trains; he envisages a city where things are highly connected. The internet of things and big data are part of that future. There is great development taking place in the commission that has been established, comprising people with different expertise.”