Published 4 April 2018, written by an ANA reporter

JOHANNESBURG – BRICS countries – led by South Africa – are going to prioritise the digital economy in the development of cheaper, quicker and faster digital and mobile technology.

BRICS comprises five major emerging national economies – Brazil, Russia, India, China and South Africa.

The incoming chairman of the BRICS Business Council, Dr. Iqbal Survé, said the “4th Industrial Revolution (4IR)” was characterised by dramatic and disruptive change in the ways societies are run.

He said that if the third Industrial revolution was associated with the rise of computer technology – the 4IR would be associated with supercomputing, blockchain technologies, and artificial intelligence.

“[This] is fundamentally different to the previous three revolutions because for the first time that which was a figment of our imagination can begin to happen – humans can be replaced in virtually every sphere of productive life,” said Dr. Survé, in his address at the BRICS Business Council 2018 Midterm meeting held in Shanghai on Thursday, 27 March.

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