Does that have implication for self-awareness and consciousness?

Yes, I think so. One prominent hypothesis is that the reason that we evolved with consciousness is that there has to be some way for us to take an overview of the process of us, our goals, and the environment, and the way in which we think that our effort is producing achievement of goals. We need this so that we can do this whole "I am failing to achieve my goals?" check. Why this results in "experience" is not something I am going to attempt in this post.