RSTP partners with robotics company
NOKWANE – In an effort to advance technology in the country, the Royal Science and Technology Park (RSTP) has announced a new partnership with CCG Systems.
The launch of this partnership, with the theme ‘Creating Africa’s Digital Future,’ aims to capture a new market and achieve long-term success. CCG Systems is a company specialising in robotics, automation, and microchips.
The launch took place at RSTP Nokwane premises yesterday. It was attended by CEOs, partners, as well as captains of industry.
Sakhile Nyanga from South Africa served as the programme director for the event.
Nyanga’s engaging and humorous delivery kept the audience entertained and engaged throughout the event.
RSTP CEO Vumile Dlamini said this landmark accomplishment was not only a testament to the research, development and innovation, but also a fulfilment of His Majesty King Mswati III’s vision for the RSTP. Dlamini said they valued the visionary leadership provided by His Majesty which steered to the establishment of the Royal Science and Technology Park and giving us the role to promote science, technology, and innovation in the Kingdom of Eswatini.
Transform
“Through the collaboration of the RSTP and CCG Systems, we are expecting to transform not only the Kingdom of Eswatini but cascade through Africa ecosystem, improve sustainability, by retaining and creating wealth and opportunities for all, encouraging inclusiveness, diversifying economies and placing human capital at the centre of policy development,” the CEO said.
He went on to say this would happen during this period, which they estimate would unfold over the next three years. He explained that the aim was to ensure that emaSwati and the African continent thrived on a digital journey as it partnered with organisations like CCG Systems in Artificial Intelligence (AI), Robotics, Internet of Things (IoT), Virtual Reality, Entertainment and other audio-visual forms.
The CEO said they were aware of the current, economic difficulties present within society and this meant that they needed to get extra creative and aggressive in their research, development and innovation (R&D&I), since the world was driven by innovation. He said if the African people did not reap the possible benefits of R&D&I, the global divide would continue escalating. Dlamini mentioned that over the past few years, they had seen a huge expansion in the use of digital technologies across society and across the economy. He added that this had affected every human being in some way- their lives had been transformed by remarkable innovation and technological improvements. The CEO said AI was rising at the centre of those innovative technologies. He said though complex, the advancement in AI and machine learning were imperative to the community, economy at large, and financial services in particular.
The CEO highlighted that AI was already planted in several elements people utilised each day, for example, mobile phones. He said AI formed the major part of the numerous technologies that were increasingly emerging. Dlamini mentioned that this was likely to upsurge as smaller and smarter devices became more widely utilised and planted in houses and offices, in retail and products, across the Internet-of-Things (IoT) and as the global context rapidly changed.
Dlamini noted that the same AI systems and processes were utilised nowadays across the financial sector to bring satisfaction to clients, organisations and financial systems. He mentioned that AI-driven platforms may assist consumers manage their finances more efficiently and effectively.
Combating
The CEO stated that AI was also key in combating financial crimes. He said it may also help improve efficient functioning of the wider economy, adding that it helped to improve customer engagement, as well as to promote automation of internal processes and improving working environments in organisations.
“While AI has clear advantages in a growing data-driven economy, there are dangers and threats. The effects of those gains and perils are usually felt at different paces and different depths of technological, social, corporate, and systemic levels. Covering all these are the regulatory and legal problems presented by AI,” said the CEO.
He pointed out that challenging periods were for them to get stronger and not use the current situation as an adverse block, but rather as an energising springboard for innovative ideas with their partner – CCG Systems.
He urged everyone to continue engaging, partnering and forging sustainable solutions towards creating Africa’s Digital Future for the great continent.