The term Fourth Industrial Revolution or 4IR was coined as recently as 2016 by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF). It is how we can describe the rapid change to our lives due to technological advancements. Society and industry have undergone another revolution in the 21st century due to increasing interconnectivity and smart automation. The speed, breadth and depth of this revolution is forcing us to rethink our world. But these enormous changes also bring real opportunity to look beyond technology and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.
The speed, breadth and depth of this revolution is forcing us to rethink our world
This is why InzaloEMS invested heavily in developing a custom-built software to bring these technological advances to local government, specifically because this is where it impacts most on people’s lives. InzaloEMS’ role in 4IR for municipalities is far-reaching as it has one of the most advanced financial systems for government and other environments in South Africa.
InzaloEMS’ role in 4IR for municipalities is far-reaching
The InzaloEMS 4IR strategy aims to make local government accounting practices as easy as possible and at the same time compliant with National Treasury requirements in order to reach a Clean Audit. It is an integrated, real-time tool, mediated by software and technology, which is exactly what the Fourth Industrial Revolution signifies.
InzaloEMS’ new Business Intelligence system takes its’ 4IR strategy to new heights. The system is a market leader when it comes to analysing municipal information for better decision making. This new tool, soon to be launched, is the development that extends the present business offering. The new Business Intelligence tool will assist the key decision-makers in local government with software that facilitates decision making based on real-time information available at the click of a button. This exciting and unique development makes use of the latest 4IR technologies by integrating its revenue management system and a spatial platform. For example, reconciling GIS with Excel and then brought into the management tool kit. With BI imbedded into the system, it will enable the extraction of much more detailed data at a glance, a unique and advanced solution for local government.
The system is a market leader when it comes to analysing municipal information for better decision making
The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development which enables extraordinary technology advances equal to those of the first, second and third industrial revolutions. InzaloEMS is the future of municipal financial systems which supports unqualified audit opinions and ultimately improves people’s lives.
Contact us to find out more about our Business Intelligence system and other innovative products.