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The Fourth Industrial Revolution and Prospects for Maritime Industry Innovation: Securing Africa’s Blue Economy Future

Through Maritime Education.

Fourth Industrial Revolution Summit for Economic Development25 March 2019

Jack Dyer Founder of Blue Economy Future Corporation

https//www.blueeconomyfuture.org.za; Jack.Dyer@utas.edu.au

DEFINING THE FOURTH INDUSTRIAL REVOLUTION

WEBSITE DIAGNOSTICS

FUTURE OF GLOBAL/AFRICAN BUSINESS

FUTURE OF GLOBAL/AFRICAN LOGISTICS

FUTURE OF GLOBAL/AFRICAN LOGISTICS

0 100 200 300 400 500 600 700

Anctartica Science

Aquaculture, Fisheries

Aquatic Security#, Conservation#…

Astronomy and Space/Space…

Cabotage/Registration#

Climate –Climate Change

Cruise, Marine# and Ecotourism

Human Factors –maritime …

International Trade, Logistics,…

Marine…

Marine Contact#

Maritime Archaeology#

Maritime Art,# Cuisine#, Culture#,…

Maritime Communications#

Maritime Economics/Port…

Maritime Education#,

Maritime Engineering

Maritime Finance#

Maritime Geography

Maritime Hazards, Risks and…

Exisiting Maritime Student Supply Capacity A: South Africa

Minimum Student Capacity

Maximum Existing Student Capacity

MARITIME EDUCATION

0 100 200 300 400 500 600

Maritime Law and Diplomacy

Maritime Law…

Maritime Security#, Cybersecurity, IT

Maritime Philosophies#

Maritime Psychology

Maritime Technology#

Maritime Warfare

Naval Architecture, Shipbuilding,…

Nautical/Ocean Engineering –Ocean …

Navy/Merchant Navy

Oceanography, Ocean physics,…

Ocean Popular Understanding and…

Uncertainty and Maritime Futures#

Seafaring -Pilots, Tugboat Operators,…

Submarines#

Surveying

Underwater photography, Diving,

Watersports –Maritime Sports …

Yachting/Recreational Boating

Existing Maritime Student Supply Capacity B South Africa

Maximum Existing Student Capacity 02

Minimum Existing Student Capacity 0

0

500

1000

1500

2000

2500

3000

3500

4000

Nation

African Maritime Student Market Demand

Kenya Nigeria South Africa (places) African Students WMU capacity Total Egypt

EXAMPLES OF INNOVATIVE TECHNOLOGY

EXAMPLES OF INNOVATIVE TECHNOLOGY

FACTORS INDICATING BUSINESS SUCCESS AND FAILURE

• Factors of Failure Clarifying Stakeholder Reluctance to Prioritise Action

• Access to capital/finance –or awareness of options.• Asymmetrical information/Lack of concern.• Lack of incentive/legal uncertainty.• No investment/information criteria.• Other priorities –finance, risks, business operations.• Perceived relevance.• Risk ambiguity.• Scepticism.• Timing.• Uncertain short run profitability and benefits.• Uncertainty over cost effective, sustainable

adaptation responses.• Unknown inaction, maladaptation and opportunity

costs.

• Factors Affecting Stakeholder Successful Survival/Recovery

• Adaptation.• Adapting to opportunity not business as usual

recovery.• Competitors versus collaboration –impact costs of

competitors versus own.• Ecosystem protection.• Extent of aid/reserves/support/flexibility.• Extent of organisational loss, reputation, relocation

costs.• Extent to which businesses/stakeholders have

experience, overcome past-existing impacts.• Event specific impacts/location.

• PROACTIVE RISK EXPECTATIONS THEORY

• IT LITERACY

GLOBAL CLIMATE IDEAS AND 4TH INDUSTRIAL REVOLUTION

• BLUE CARBON• Restoration Insurance Service Company (RISCO) for

Coastal Risk Reductionrestores and conserves mangrove habitats in vulnerable coastal areas, in contract with coastal asset owners. Led by Conservation International.

• SUSTAINABLE AGRICULTURE• Blockchain Climate Risk Crop Insurance is an

automated weather-indexed crop insurance infrastructure that helps smallholder farmers in sub-Saharan Africa increase resilience to the impacts of climate change, via insurance that is transparent, affordable, and pays out quickly. Led by Sprout Insure.

• The West African Initiative for Climate Smart Agriculture promotes climate-smart agriculture and resilient food supply chains across 15 countries in West Africa, through grants for technical assistance and subsidized-rate loans or guarantees for smallholder farmers. Led by the ECOWAS Commission.

• SUSTAINABLE CITIES• Cooling as a Service aims to decrease energy

consumption and potent greenhouse HFC gas emissions from cooling systems in cities around the world, by increasing competitiveness of state-of-the-art cooling technologies. Led by Basel Agency for Sustainable Energy (BASE) and Kigali Cooling Efficiency Programme (K-CEP).

• The Breathe Better Bond aims to drive finance at scale to emerging market local governments for investing in projects that will reduce urban air pollution, improving health and economic outcomes while mitigating greenhouse gas emissions. Led by IFC.

• ENERGY ACCESS• Solar Securitization for Rwanda aims to support

Rwanda’s national goal of 100% energy access by 2024 via solar asset-backed securities, the first of their kind for Rwanda. Led by the Development Bank of Rwanda.

ARE YOU PREPARED?/RECOMMENDATIONS

• Ecosystem?

• Infrastructure?

• Resources/Products?

• Assets/Equipment?

• Human/Psychology?

• Financial Reserves?

• Information?

• Communication?

• Other Stakeholders?

Figure 6.1: Risk Event Disruption, Impact Cost Phases for a Pacific MSC

Temporary

Phases - - - - Mitigation- - - - Prediction/Anticipation- - - - - Disruption- - - - -

Opportunity - - - - - - Adaptation- - - - - - Recovery - - - - - - Evacuation/Relocation- - - - Permanent

Any questions???

Feel free to contact me on

Jack.Dyer@utas.edu.au

https//www.blueeconomyfuture.org.za;