The fourth industrial revolution presents both challenges and opportunities for SMEs and startups, especially in developing countries. While the digitalization of businesses has gained momentum, certain technologies such as the Internet of Things, big data, blockchain, cloud computing, artificial intelligence, virtual reality, and robotics remain underutilized. Entrepreneurs who embrace these technologies can automate tasks, harness data effectively, and tap into new customer bases and markets, enhancing their agility and competitiveness. Moreover, many entrepreneurs use these technologies to address societal and economic issues and contribute to a more sustainable and inclusive economy. However, a significant number of entrepreneurs struggle to keep pace with the fourth industrial revolution. To prevent them from falling behind, it is vital that they are equipped with the necessary regulatory environment, digital skills and knowledge to leverage technology and funding for business scaling. This session aims to bring together corporate leaders, tech entrepreneurs, and investors to explore how emerging technologies are reshaping the business landscape, how businesses can better adopt these innovations, and how collaborative efforts can ensure that SMEs and startups, particularly in developing countries, can harness the full potential of new technologies for growth.
Session Topics:
- Exploring how the Fourth Industrial Revolution transforms entrepreneurship in developing nations.
- Strategies for enhancing business agility and technology adoption.
- Collaborative approaches by policymakers, investors, and stakeholders to foster thriving tech business ecosystems.
Speaker(s)
