Blog
Blog
Feb 4, 2020
Data is the new gold. You may not wear it on your finger or store it in a bank, but you can use it to stimulate growth, create power, and exert influence. The digital economy, fueled by data, is growing faster than the traditional economy. But unlike talent, opportunity is not distributed equally. Youth in developing countries, and women, in particular, are at risk of being left behind the digital divide. Shockingly, 50% of women are not yet online, and 10 percent fewer women own mobile phones than men. At the upcoming Mining Indaba conference in South Africa, IFC is asking what companies, governments, civil society, and development partners can do to promote youth and women’s participation in the digital economy.
The 4th Industrial Revolution is transforming the mining industry with Big Data, AI, IoT, and impending 5G technologies. These changes expand the use of predictive equipment maintenance, make exploration more precise and efficient, and fuel the automation of labor. Disruptive automation on labor markets will have both positive and negative impacts as outlined in a recent paper by the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) New Tech, New Deal:
But indigenous communities aren’t the only groups at risk — women and youth are also vulnerable. What can companies do to make sure women and youth are not left behind in the digital divide?
An obvious start is to ensure access to the internet. Mining companies could provide shared internet infrastructure to local communities or provide free/cross-subsidized access. It would help a lot, but that alone won’t be enough to close this gaping divide.
IFC’s Sustainable Infrastructure Advisory team has researched this issue and has relevant experience through on-the-ground work in this space. Here are three success factors that we believe can help:
Taking these steps can make a difference. In our next post, we explore approaches that build on these and dive more deeply into data, data analytics, and models that leverage data for greater impact.
Veronica Nyhan Jones is Manager Sustainable Infrastructure Advisory and Alla Morrison is “From Disclosure to Development” (D2D) Program Manager of the International Finance Corporation.
For more, follow IFC Infrastructure updates and news on LinkedIn @IFCInfrastructure
Community Investment and Partnerships
Gender
Local Government and Development
Community Investment and Partnerships
Gender
Local Government and Development
Community Investment and Partnerships
Gender
Local Government and Development
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