This thesis is a critical, exploratory analysis of the impacts to the banking industry in South Africa, in light of the wave of technological change and emergence, termed in popular discourse as the Fourth Industrial Revolution or 4IR. The 4IR has been argued to offer the transformative potential to change and disrupt current societal organization and provide opportunities for developing countries such as South Africa to “leapfrog” into development. Many argue that as technology advances and progresses, it can be used to address socio-economic, developmental challenges and deliver services. In the banking sector, particularly in the context of developing countries, as large portions of the population remain excluded from formal financial services, digital banking methods premised on the technologies of the 4IR have emerged as potential “solutions”. What is often understated, however, that this study highlights, is that such technological advancements hold challenges. Moreover, as they are presented as solutions to the socioeconomic difficulties of developing countries, like financial exclusion, it is important that this is understood contextually, and critically and such challenges are presented. Through primarily qualitative case studies of two banks, Standard Bank and TymeBank, the study aimed to uncover the processes of digitisation occurring as well as the social processes that underlie them. Findings show that indeed, tangible examples of “4IR”/digitisation are identified at the two banks through technical application of emerging technologies, such as cloud computing and machine learning. However, more concerning are the social processes and strategic decisions that result in and out of their adoption. The 4IR in the context of this study appears to replicate ongoing social and economic inequalities, through inadequate digital infrastructures, and omni-present interests of neoliberalism presenting as digital capitalism. Additionally, carrying concern of adverse effects to the employment and labour landscape, the 4IR is deconstructed for its rhetorical meaning which contrasts with the reality. Hegemonic representations of a 4IR and its proposed ‘transformative benefits' do not correspond with actual phenomena and risk the neglecting of fundamental social challenges that are deepened by and new ones emerging out of digitisation.

The Covid-19 pandemic is changing the international business environment. This global event has forced the world into an unbalance, which influences how Swedish SMEs interpret their international operations. Through the international fluctuations, the digitalization has come to partake as an important factor in order to enable the possibility of maintaining an international presence. Therefore, the aim of this thesis is to explore how the Covid-19 pandemic influences the digitalization within Swedish SMEs international operations.        In order to provide a sustainable foundation of the subject, this research have utilized the qualitative strategy. Collecting the data through semi-structured interviews enables a vast set of data, which have been comprehended in relation to chapter 2 Literature review. Through analyzing all gathered data, the outcome of the research illustrates how the pandemic influences the digitalization as well as firms’ international operations. Finally, the thesis conclude that the Covid-19 pandemic accelerates the digitalization within firms, which further influences how firms maintain an international presence. Conclusively, it is contemplated that the Covid-19 pandemic further creates what the authors call “The New Normal”.

Thesis(M.Sc. (Computer Science)) -- University of Limpopo, 2020 / Spectrum scarcity is one of the major problems affecting the advancement of wireless technology. The world is now entering into a new era called the “Fourth Industrial Revolution” and technologies like the Internet of Things (IoT) and blockchain are surfacing at a rapid pace. All these technologies and this new era need high speed network (Internet) connectivity. Internet connectivity is reliant on the availability of spectrum Channels. The Federal Communication Commission (FCC) has emphatically alluded on the urgency of finding quick and effective solutions to the problem of spectrum scarcity because the available spectrum bands are getting depleted at an alarming rate. Cognitive Radio Ad Hoc Networks (CRAHNs) have been introduced to solve the problem of spectrum depletion. CRAHNs are mobile networks which allow for two groups of users: Primary Users (PUs) and Secondary Users (SUs). PUs are the licensed users of the spectrum and SUs are the unlicensed users. The SUs access spectrum bands opportunistically by switching between unused spectrum bands. The current licensed users do not fully utilize their spectrum bands. Some licensed users only use their spectrum bands for short time periods and their bands are left idling for the greater part of time. CRNs take advantage of the periods when spectrum bands are not fully utilized by introducing secondary users to switch between the idle spectrum bands. The CRAHNs technology can be implemented in different types of routing environments including military networks. The military version of CRAHNs is called Military Cognitive Radio Ad Hoc Networks (MCRAHNs). Military networks are more complex than ordinary networks because they are subject to random attacks and possible destruction. This research project investigates the delays experienced in routing packets for MCRAHNs and proposes a new routing algorithm called Spectrum-Aware Transitive Multicasting On Demand Distance Vector (SAT-MAODV) which has been optimized for reducing delays in packet transmission and increasing throughput. In the data transmission process, there are several levels where delays are experienced. Our research project focuses on Routing Path (RP) delay, Spectrum Mobility (SM) delay and Node Relay (NR) delay. This research project proposes techniques for spectrum switching and routing called Time-Based Availability (TBA), Informed Centralized Multicasting (ICM), Node Roaming Area (NRA) and Energy Smart Transitivity (EST). All these techniques have been integrated into SAT-MAODV. SAT-MAODV was simulated and compared with the best performing algorithms in MCRHANs. The results show that SAT-MAODV performs better than its counterparts

The research introduces the fourth industrial revolution philosophically, exploring the application of innovation and automation in broad terms and the Internet of Things (IoT) specifically within the mining industry. It explains the business and societal motivation for such interventions, highlighting some of the key benefits. It further explores the inadvertent risks, some of which have already manifested in mining applications and others which can be inferred from other industrial and social applications. A critical analysis is conducted of the application of the South African Mine Health and Safety Act and Regulations on such applications in the mining environment, as well as considering key other pieces of South African legislation. A comparative analysis with Australian legislation confirms that Western Australia has recognised the need for regulation and have started regulating, primarily mining automation, at least. Through these analyses it is established that a legislative vacuum exists, despite the general application of many requirements in relation to safety considerations during the utilisation of IoT applications. The paper concludes by recommending collaboration between the Department of Mineral Resources and the Chamber of Mines to seek ways to lead legislative and regulatory developments in this space in order to enable the sustainability of the South African mining industry. In particular, the research suggests the emphasis should be to legally encourage and permit the implementation of IoT solutions in the mining industry in as many instances as reasonably possible, whilst consecutively addressing the new and emerging risks created through such. / Mini Dissertation (LLM)--University of Pretoria, 2016. / Public Law / LLM / Unrestricted

Philosophiae Doctor - PhD / The Fourth Industrial Revolution has provided new opportunities to tackle problems in health, education, transport and many other sectors. In the financial sector, new financial technology (FinTech) is providing new ways of tackling the problem of financial exclusion. The uptake of cell phones has enabled financial service providers (FSPs) to expand into areas where the most vulnerable have hitherto been outside the reach of the banking agency model. This has ultimately allowed previously financially excluded individuals to have access to bank accounts. Through SMACT (Social Media, Mobile, Analytics, Cloud and the Internet of Things) technologies, FSPs are able to collect new types of data such as call detail record data and mobile app data which have been leveraged globally to enable the emergence of M-Pesa in Kenya, the WeChat payments module in China and KakaoBank, South Korea’s first online-only bank. The common thread in these innovations is that these are telecommunications company-led business models that have encroached into the area of finance. Such digital disruption has happened in South Africa but little is understood about how inclusive digital financial services are in the South African context. Moreover, what are the barriers to further financial inclusion, given that South Africa has significantly high bank account uptake rates? What role can the Fourth Industrial Revolution technologies have in breaking those barriers and reaching the lower-income population that has largely been mis-sold financial products that were created for the middle to upper-income population? This study sought to investigate how the diffusion of SMACT technology has contributed to financial inclusion in the South African financial services sector. The study made use of a mixed methods approach to answer this research question. Finscope data from 2012 to 2015 was used as the data source for the quantitative section and key informant interviews as the source of data for the qualitative section. The study found that roughly 80% of adults in South Africa are financially included through formal banks. Despite the near 100% uptake rates of cell phones across all income groups, proximity to an ATM or bank branch still significantly determined whether an individual accessed formal financial services. The study also found that ATM withdrawal, store withdrawal and internet banking were infrequently utilised by lower-income adults. In terms of internet banking and digital financial services in general, financial products, especially digital credit, do not appear to be well aligned with the needs of the lower-income consumer. The mismatch of financial products and the needs of lower-income consumers is further worsened by poor financial literacy levels in South Africa, especially among lower-income consumers. The study concludes that more needs to be done to increase economic inclusion, digital inclusion and financial inclusion for the lower-income population in South Africa. While consumer protection and transparency are well covered in the regulatory and legislative framework to which FSPs by and large adhere, a more inclusive and sustainable financial sector will only exist if product fit, affordability, financial literacy and convenience issues are addressed. This should happen in an enabling environment where ICT infrastructure benefits all, interoperability of digital financial services is reached and a regulatory framework more focused on financial inclusion is in place.

Yes

Yes / Artificial intelligence (AI) and blockchain are the two disruptive technologies emerging from the Fourth Industrial Revolution (IR4.0) that have introduced radical shifts in the industry. The amalgamation of AI and blockchain holds tremendous potential to create new business models enabled through digitalization. Although research on the application and convergence of AI and blockchain exists, our understanding of the utility of its integration for business remains fragmented. To address this gap, this study aims to characterize the applications and benefits of integrated AI and blockchain platforms across different verticals of business. Using bibliometric analysis, this study reveals the most influential articles on the subject based on their publications, citations, and importance in the intellectual network. Using content analysis, this study sheds light on the subject’s intellectual structure, which is underpinned by four major thematic clusters focusing on supply chains, healthcare, secure transactions, and finance and accounting. The study concludes with 10 application areas in business that can benefit from these technologies.

No description available.

Division One: “Malthus Gets Fat” (Two Chapters) Chapter One develops a simple dynamic model to examine the takeoff from a Malthusian economy to a modern growth regime. It finds that several factors, most notably the rate of technological progress and the economic structure, determine the fastest rate at which the population can grow without declining living standards; this is termed maximum sustainable population growth. It is only when this maximum sustainable rate exceeds the peak rate at which a society expands that takeoff can occur. I also investigate the effects of trade and international income transfers on the ability to sustain takeoff. It is also shown that present income growth is not necessarily indicative of the ability to sustain takeoff and that factors which increase current income growth may actually inhibit takeoff, and vice versa. Chapter Two applies the sustainable population growth framework to Britain during the Industrial Revolution. The model shows a dramatic increase in sustainable population growth at the time of the Industrial Revolution, well before the beginning of modern levels of income growth. The main contributions to the British breakout were technological improvements and structural change away from agricultural production. At least until the middle of the 19th Century, coal, capital and trade played a minor role. Division Two: “Leverage and Financial Market Instability” (Four Chapters) Chapter One develops a model of how leverage induces explosive behavior in financial markets. I show that when levered investors become too large relative to the market as a whole, the demand curve for securities can suddenly become upward-sloping as levered investors are exposed to forced liquidations. The size and leverage of all levered investors defines the minimum elasticity-adjusted market size for stability or MinEAMASS, which is the smallest elasticity-adjusted market size that can support the group of levered investors analyzed. This gives rise to a measure of instability that can predict when markets become vulnerable to a leverage-driven market liquidity crisis. Chapter Two iterates the model of Chapter One forward in time to generate an inflating bubble that suddenly bursts, reproducing many of Kindleberger's (1996) stylized facts about the dynamics of bubbles in a simple framework. Chapter Three applies my measure of instability in a historical investigation of the 1998 demise of hedge fund Long-Term Capital Management (LTCM). I find that a forced liquidation of LTCM threatened to destabilize some financial markets, particularly for bank funding and equity volatility. Chapter Four discusses how the model applied to the stock market crash of 1929. There the evidence suggests that a tightening of margin requirements in the first nine months of 1929 combined with price declines in September and early October caused enough investors to become constrained that the market was tipped into instability, triggering the sudden crash of October and November.

This dissertation provides a new interpretation for the rise and subsequent decline of Brazil as a cotton supplier to the British textile sector during the Industrial Revolution. Between 1791 and 1801, northeast Brazilachieved a market share of 40 percent in Liverpool. Contrary to what scholars previously argued,the chief cause for the rise of Brazil as a major cotton exporterwas its superior cotton fiber for the new calico and muslin textiles produced in Britain. Notwithstanding the initial success, Brazilian cotton exports stagnated after 1819. Previous interpretations argued that the decline of Brazilian cotton plantations was a result of labor shortagesand high inland transport costs. This dissertation instead provides evidence showing that cotton regions in Brazil had in fact a high density of slaves. Likewise, transport costs represented a small fraction of cotton market prices. For cotton planters, the largest economic burden was the fiscal policy implemented by the central government after 1808. The need to increase revenues led the central government to tax the most important commodities at the time. Export taxes represented the largest cost for cotton production in Brazil until the 1840s. As regional governments could not tax imports, they were left with little resources to invest in infrastructure projects that could offset the increasing costs of taxation. In the end, higher production costs reduced Brazil\'s ability to face the challenge of new competitors in the international cotton market during the nineteenth century. / Essa dissertação fornece uma nova interpretação para a ascensão e subsequente declínio do Brasil como um fornecedor de algodão para o setor têxtil britânico durante a Revolução Industrial.Entre 1791 e 1801, o nordeste do Brasil alcançou uma participação de mercado de 40% em Liverpool.Contrário ao que os pesquisadores normalmente argumentam, a principal causa do surgimento do Brasil como um importante exportador de algodão foi a qualidade superior da sua fibra para os novos têxteis produzidos na Grã-Bretanha.Não obstante o sucesso inicial, as exportações brasileiras de algodão estagnaram após 1819. As interpretações anteriores argumentaram que o declínio das plantações brasileiras de algodão foi resultado da escassez de mão-de-obra e dos altos custos de transporte terrestre.Essa dissertação, no entanto, fornece evidências de que as regiões de algodão no Brasil tinham, de fato, uma alta densidade de escravos. Do mesmo modo, os custos de transporte representaram uma pequena fração dos preços de mercado do algodão.Para os plantadores de algodão, o maior fardo econômico foi a política fiscal implementada pelo governo central após 1808. A necessidade de aumentar as receitas levou o governo central a tributar as commodities mais importantes na época.Os impostos de exportação representaram o maior custo de produção de algodão no Brasil até a década de 1840. Como os governos regionais não podiam tributar as importações, ficaram com poucos recursos para investir em projetos de infraestrutura que poderiam compensar os crescentes custos de tributação.No final, os custos de produção mais elevados reduziram a capacidade do Brasil de enfrentar o desafio de novos concorrentes no mercado internacional do algodão durante o século XIX.