Disruptive Technologies

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Browsing Disruptive Technologies by Author "Grzybowski, Lukasz"

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    Disruptive Technologies in South Africa and Sub-Saharan Africa: The Case of Mobile Telecommunications Services
    (2022-09) Grzybowski, Lukasz
    The last decade around the world has been marked by digital transformation of the economies and societies. In most developed countries, almost every single household got fast broadband Internet connection, while mobile operators have been covering the globe with LTE networks, which offer high-speed Internet connections on mobile devices. These investments in telecommunications infrastructure and increasing number of people with fast Internet connections on fixed or mobile networks resulted in explosion of innovative Internet services, which impacted the functioning of almost every single traditional industry including the media, retail, and transportation. The impact of digital markets on individuals, households, and small business is gaining a momentum with the emergence and rapid growth of online social platforms, peer to-peer lending, crowd-funding services, and many other online platforms.
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    The Growth Effect of Disruptive Technology in Ethiopia: With a Case Study of Digitalization in the Financial Sector
    (African Economic Research Consortium, 2022) Grzybowski, Lukasz
    Focusing on digitalization as a major disruptive technology in Ethiopia, this study found that digitalization is at a very low level of development in Ethiopia, by regional standard. Yet, a 10% rate of digital penetration (digitalization) is found to increate GDP growth by 0.5%―this being as high as 0.8% in the service sector. Digitalization in the financial sector is growing very fast, but is still the lowest by regional standard. Major challenges for this are found to be the stifling regulatory environment from the central bank, the telecommunication infrastructure (though significantly improved lately) and the low level of digital literacy both at national level and within the financial sector. Low investment from the board of directors of banks so as to pay high dividend, failure of executives to take risk to creatively use the IT capacity in the country, the difficult of measuring the impact of digitalization for use in board and executive decision-making, and coordination failure in collectively acquiring some digital technologies from global vendors at national level are some of the challenges identified in the sector. Based on these findings, the study derived various policy implications that include: strengthening the regulator body and improving its working modality; acquisition of some digital technology at national level; and improving the digital infrastructure, cost and reliability; among others.