A recent Philips study has revealed that most South Africans think that they are sitting on the “next big thing”
Philips South Africa has announced the South African results of an Innovation research study (conducted in 5 African countries), which aimed to understand what South African citizens think of innovation, perceived barriers to innovation and areas where successful innovation could improve lives. Following the results, Philips has committed to providing an opportunity for South Africans to highlight their meaningful innovations in the field of healthcare with the launch of the South African Innovation Fellows Competition.
“Africa is filled with opportunities and we have long seen this potential. Upon entering South Africa over 100 years ago, we have been committed to delivering meaningful innovations,” said JJ Van Dongen, senior vice president and CEO of Philips Africa. “Following our research, we now want to show our support in offering South Africans the opportunity to showcase their own tangible innovations that can fundamentally change and improve the lives of others. We are committed to delivering on our promise of ‘innovation and you’ and will support the entrants as they realise their success.”
With 60% of South Africans considering themselves to be innovators (59% female vs 62% male), 20% of respondents said that they are not reliant on others to create solutions. Innovation is also deeply rooted in people who are educated, independent in their businesses or hold senior positions in companies.
High confidence levels where noted amongst young black and Indian people living in more developed areas, whose innovations were often conceptualised. Finding daily innovative solutions to everyday problems was higher among young people (74%) in comparison to older respondents (26%).
57% of correspondents indicated a lack of money as a key barrier, 29% highlighted poor infrastructure, 23% mentioned an unsupportive corporate culture and 22% government regulations as barriers to innovation. More expectation was placed on big companies to offer the right support (42%) with expectations on government opportunities much lower (31%).
Most respondents found it easier to come up with innovations to social problems that impact their immediate communities with the likelihood of turning ideas into something tangible quite high. However, functionalities like money and motivation proved to be barriers.
A majority of participants identified Education (65.7%) and Healthcare (64.2%) fields as areas of opportunity in innovation and where the most beneficial results would be seen.
54.2% of respondents believed innovation should improve one’s life and the lives of others with 36.4% believing it should make daily life easier and more efficient.
In comparison to other markets on the continent (Kenya, Nigeria, Morocco and Egypt), Nigeria showed the highest overall score (69%) in believing they are innovators, followed by South Africa (60%), Kenya (54%), Egypt (28%) and finally Morocco (27%).
All countries identified the same two sectors of Health and Education as areas that would have the highest impact on their lives (Healthcare 69.6% and Education 58%).
Four in ten people interviewed across the five markets are optimistic about their ideas being the ‘the next big thing’ with more than half of Kenyans (58%) and Nigerians (57%) being more positive followed by South Africans (46%).
Innovation Fellows Competition
Philips Africa in collaboration with The Innovation Hub in Pretoria is launching its first South African Innovation Fellows competition to unlock the talent and address locally relevant challenges in Healthcare.
If you believe that you have the next big meaningful innovation, Philips wants to know about it. Philips will be providing R200 000 as a research & development budget to the #nextbigidea in improving access to primary healthcare.
“We believe that everyone has the potential to change the way we live for the better. Submit your next big idea and we will help you make a real difference to the current challenges identified in our African Innovation Research report”, says Van Dongen.
Mobile is the new branch
Standard Bank has launched an account for mobile devices that gives back 500MB of data a month
Standard Bank has introducd a R4.95p/m bank account called MyMo that customers can open on their mobile devices, loaded with data and airtime offerings and other benefits such as virtual and Gold physical card.
MyMo account holders will also enjoy the convenience of a cheque account through a Visa and Mastercard gold card. Once the account is open, users can choose to either receive R50 in airtime or 500MB of data a month, if their card is swiped more than four times a month. A further megabyte of data is loaded on the account for every R20 spent.
“MyMo is an account for everyone, whether you just landed your first job or have been around the block. With no documentation required it only takes a few minutes to open the account,” says Funeka Montjane, Chief Executive for Personal and Business Banking, South Africa, at Standard Bank Group. “For just R4.95 a month customer will be able to enjoy free swipes and ATM withdrawals at only R6.50 for amounts under R 1 000.
“Mobile is the new branch. This account is about bringing the mobile branch into customers hands, it is about convenience and security while banking.”
She says mobile offers low cost transactional banking which integrates people and businesses into the new connected economy, making mobile the new branch ecosystem that will drive and connect Africa’s growth. Physical connections to the economy are rapidly changing to digital where banks have to move from being financial institutions to service organisations.
“In the past people congregated in communities and eventually cities to maximise the advantages of connectivity. Today a simple hand-held device has the potential to open infinite doors, transforming individuals’ access to opportunities, regardless of where they are, and like never before in history.
“Historically, a bank account represented access to economic citizenship. Today, having a simple device enabling digital access to a modern banking platform is a passport to global connectivity and vast human development potential.”
The bank says it is using technology, and mobile phones in particular, to deliver low-cost transactional channels accessible to all our customers. The evolution in mobile can be seen in transaction options like cash back at the retail checkout till rather than the ATM, free digital banking rather than using a branch, and the ability to transact using digital wallets, even without a bank account.
“Developing comprehensive connected ecosystems requires a mind-set change from Africa’s banks,” says Montjane. “Banks will evolve away from traditional financial service organisations, into service ecosystems enabling broad universal access to almost everything like enhanced purchasing experiences of vehicles and homes, online procurement of goods and services and lifestyle elements like rewards and travel.
“These connectivity drivers will also act to future-proof evolving connectivity ecosystem by allowing us to offer untold future services while deriving income from as yet unrealised revenue streams,.
From a customer perspective, the kind of ecosystems of knowledge, access and, ultimately, connectivity that banks will come to provide will radically transform the share of life that almost all individuals will be able to access.”
Two-thirds of SA staff hide social media from bosses
With 90% of people in employment going online several times a day, it can be hard for most workers to keep their private and work-life separate during the working day (and beyond). The recently published Global Privacy Report from Kaspersky Lab reveals that 64% of South African consumers choose to hide social media activity from their boss. This secretive stance at work also extends to their colleagues, with 60% of South Africans also preferring not to reveal online activities to their co-workers.
Globally, the average employee spends an astonishing 13 years and two months at work during their lifetime. Interestingly though, not all this time is directly related to solving work tasks or earning a promotion: almost two thirds (64%) of consumers admit visiting non-work-related websites every day from their desk.
Not surprisingly, 35% of South African employees are against their employer knowing which websites they visit. However, more interestingly, 60% of South African are even against their colleagues knowing about their online activities. This probably means that colleagues constitute an even greater threat to future perspectives of an office slouch or maybe the relationships with colleagues are more informal and therefore, more valuable.
On the contrary, social media activity appears to be a less private domain for many and therefore, more suitable for sharing with colleagues but not the boss. This is probably because workers fear harming the public image of a company or interest in decreased staff productivity motivates companies to monitor employees’ social networks and make career changing decisions based on that. Such policies have led to 64% of South Africans saying that they don’t want to reveal their social media activities to their boss and 53% even don’t want to disclose this information to their colleagues.
A further 29% are against showing the content of their messages and emails to their employer. In addition, 3% even said that their career was irrevocably damaged as a consequence of their personal information being leaked. Thus, people are worried about how to build a favourable internal reputation and how not to destroy existing workplace relationships.
“As going online is an integral part of our life nowadays, lines continue to blur between our digital existence at work and at home. And that’s neither good nor bad. That’s how we live in the digital age. Just keep remembering that as an employee you need to be increasingly cautious of what exactly you post on social media feeds or what websites you prefer using at work. One misconceived action on the internet could have an irrevocable long-term impact on even the most ambitious worker’s ability to climb the career ladder of their choice in the future,” comments Marina Titova, Head of Consumer Product Marketing at Kaspersky Lab.
To ensure workers don’t fall prey of the internet threats at a work, there are some core guidelines to adhere to in the digital age:
- Don’t post anything that could be considered defamatory, obscene, proprietary or libellous. If in doubt, don’t post.
- Be aware that system administrators may at least, in theory, be informed about your web browsing patterns.
- Don’t harass, threaten, discriminate or disparage against any colleague, partner, competitor or customer. Neither on social networks or in messages, emails, nor by any other means.
- Don’t post photographs of other employees, customers, vendors, suppliers or company products without prior written permission.
- Start using Kaspersky Password Manager to ensure your social media and other personal accounts are not at risk of unauthorised access by someone else in an office. Install a reliable security solution such as Kaspersky Security Cloud to protect your personal devices.