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The role of statisticians in harnessing the 4th Industrial Revolution

When: Thursday, 12 September 2019 - Thursday, 12 September 2019
Where: Braamfontein Campus West
Room 112, The Liberty Actuarial Auditorium, 1st floor , Mathematical Sciences Laboratory Building
Start time:12:30
Enquiries:

Edith Mkhabela on 011 717 6272 / Edith.Mkhabela@wits.ac.za

Dr Mark Nasila from First National Bank will present this seminar.

The 4th Industrial Revolution (4IR) is characterised by the fusion of technologies between cyber, physical, digital, and biological spheres. This revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by these advances that have raised expectations from society for businesses to provide increasingly enhanced, customised offerings to help meet the needs of individuals and organisations as they evolve over time. Despite so much investment into making sure organisations are data driven, Forbes reports that only 12% of executives surveyed say they are executing a company-wide data strategy centred at what companies offer. In his talk, Nasila will discuss the roles of statisticians in helping organisations harness the 4th Industrial Revolution, specifically around transforming their data strategies [Omni -Channel to Ubiquitous data strategies], using 4IR technological advancements (Artificial Intelligence, Machine Learning, Block-chain, Internet of Things) to strategically align their value proposition to society domains such as: education, security and justice, health, hunger, and crisis response.

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