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AS Nigeria is moving towards diversifying its economy using technology, the National Information Technology Development Agency (NITDA), has proposed a partnership with the Republic of Namibia in the areas of Innovations and Entrepreneurship through African Continental Free Trade Area (AfCFTA).
This is because Africa as a continent lost out during the First, Second and Third Industrial Revolutions due to the huge capital investments but with the Fourth Industrial Revolutions comes endless opportunities that all it needs is talent and vibrant, young technological driven generation. It is therefore imperative for African countries to encourage “Made in Africa” products by exploring and exploiting opportunities provided by emerging technologies to build an enviable global market standard.
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As the name suggests, Industrial Revolutions are revolutionary. They mark periods in history where rapid developments in industrial processes drastically improve labour productivity growth. In the second half of the eighteenth century, the First Industrial Revolution began. One of its major achievements was the development of steam power, which completely redefined manufacturing. Following that, the Second and Third Industrial Revolutions were also hugely revolutionary, producing the first affordable motor car and the internet.
We are currently in the throes of the Fourth Industrial Revolution, whose defining factor is the automation of industry. It is a period meant to greatly improve our use of technologies such as artificial intelligence and the Internet of Things. The big question, however, is has it failed to deliver? Or has it just not really happened yet?
Distribution and democratization represent two complementary paradigms that are gaining increasing attention in manufacturing. Distributed manufacturing (DM) allows for geographically dispersed production, often at small scales and near the end user. Democratization enables large populations to engage in manufacturing. Massively distributed manufacturing (MDM), which combines these paradigms, is performed on demand by a large network of people located anywhere. Rather than rely on mass production in centralized factories, MDM promises to improve the responsiveness and resilience of manufacturing to urgent production demands (such as emergencies like pandemics); promote mass customization and cost-effective, low-volume production; gainfully employ many informally trained citizens in manufacturing (such as through the gig economy); and reduce the environmental footprint of manufacturing by producing items near their points of use. The Fourth Industrial Revolution will play an important