Impact of data technology on Africa's economies

The impacts of data technology are diverse and cut across multiple sectors. [iStockphoto]

The African continent has long been viewed as a laggard in the digital revolution, but in recent years, that perception has begun to change. The proliferation of mobile phones, the expansion of internet access, and the growth of e-commerce have all had a profound impact on Africa's economies, and the continent is now at the forefront of many digital trends including mobile money use, digitisation of the informal economy and software development.

Data is central to this revolution and is helping African countries make significant strides in their digital transformation. Countries and sectors that have begun implementing data technologies have already seen the financial benefits within the ecosystem, which can be attested to by governments and regulators across the continent.