his article comes in response to recent studies (1) which reveal that: – 45% (2) of African companies have classified Digital Transformation (DT) as a strategic priority. The adoption of digital technologies in African companies can increase productivity by up to 20% and profits by up to 25% (3). However, in Africa, the adoption of DT presents unique opportunities and challenges. In this article, I invite you to answer the question: What strategies can African companies use to maximise the return on investment (ROI) of their DT projects? Let’s look at them in turn: What is Digital Transformation (DT) in the African context. How Return on Investment (ROI) is calculated. What strategies to employ to maximise the ROI of DT projects. Conclusion 1- What is Digital Transformation (DT) in the African context? In my opinion, and according to the Draft Digital Transformation Strategy for Africa (2020-2030) (4), Digital Transformation consists of: An articulated set of initiatives: For example, by 2030, all African citizens should be digitally enabled and able to safely and securely access at least 6 Mb/s [megabits per second of Internet bandwidth] anywhere on the African continent, at an affordable price not exceeding 1 cts USD per Mb, via a smart device manufactured on the continent, at a price not exceeding 100 USD, to benefit from all basic electronic services and content, of which at least 30 per cent are developed and produced in Africa. Initiatives aimed at replacing analogue technologies (5). Actions based on digital technologies: for...
Strategies for Maximising the ROI of Digital Transformation Projects in Africa
Posted on: September 15, 2023
Posted on: September 15, 2023