News
Banuso Harps on Open Innovation for Growth in ICT Business in Nigeria
Mr. Akin Banuso, Enterprise Business manager of Dell, has said that the rise of open standards, frameworks and architectures, and a shift from proprietary models will give way to new solutions with regards to networking in the Nigerian business landscape.
He made this known as he highlighted three networking paradigms that are shaping the business landscape across the world today.
According to him, ‘broadly speaking there are three major trends within the networking space that are currently shaping the industry; convergence, distributed networking and software defined networks.
These topics are not new to the table, but having been discussed for some time, they are now beginning to hit the mainstream in terms of the maturity of the technology and where they are on the corporate agenda’’.
The first of these ‘Networking Big3’ shapers of the industry is Convergence. Banuso explains that “It’s not wholly a networking issue but its impact on the way networks are managed and – just as importantly – who manages them, should not be underestimated.
Previously IT functioned in silos, with server, storage and network admins going about their business relatively independently. When someone within the organisation wanted a new resource provisioned, working across these silos to make that happen could be a painful an unnecessarily cumbersome experience’’ he said.
Software defined networking, is the next of the ‘Networking Big3’. Although the technology is still in its infancy, software defined networking (SDN) is widely touted to revolutionise network infrastructures on the same scale as virtualization in the server market.
Traditional networking has been unable to offer the flexibility that networking managers require today
Distributed networking is another Big3 networking shaper of industry. There is a shift from traditional to distributed architectures; several developments have rendered the traditional centralised, monolithic chassis-switched network unfit for the modern business’ requirements.
According to Banuso, ‘’firstly, the workforce has become extremely disperse and mobile. Secondly, virtualization and cloud computing have resulted in much higher server-to-server traffic flow than before. Finally, enterprises now have vastly larger volumes of data to process, store, and analyse than was previously the case’’
Banuso noted that there are many useful new technologies are emerging one of which is the Dell Virtual Network Architecture (VNA) Portfolio.
This Dell infrastructure can deliver up to 10 times greater application performance for decision support and business intelligence workloads.
National Reading Culture (NRC), an online investment platform targeting Nigerians has collapsed, resulting in the loss of billions of Naira for investors.
The website unexpectedly shut down, blocking users from withdrawing their funds and locking in their investments.
Just like all other investment scams, victims were lured with promises of doubling their money in few weeks.
When National Reading Culture eventually crashed, the operators vanished with users’ funds, leaving investors devastated.
How the Platform WorkedTask-Based Earning:
According findings, National Reading Culture lured users with promises of making money by completing simple daily tasks like reading articles, clicking links, or inviting friends.
They also offered investment tiers to earn higher daily profits, where users had to deposit their own money into the platform.
Evidence showed the website previously operated as a Chinese job search platform before rebranding into an “earning” scheme.
The Nigeria Social Insurance Trust Fund (NSITF) has signed a memorandum of understanding (MoU) with Rand Mutual Assurance (RMA) to collaborate on digital transformation aimed at strengthening worker protection systems and support economic growth.
According to RMA, the agreement was concluded during a visit by its delegation to Abuja.
The partnership will focus on institutional capability development, modernising operating models, improving service delivery and sharing knowledge between the two organisations.
Through the partnership, RMA and NSITF will collaborate to strengthen institutional capability, modernise operating models, accelerate digital transformation and improve services for workers and employers.
The organisations will also explore opportunities for knowledge exchange and the adoption of best practices in social security administration.
RMA said the agreement forms part of its broader engagement with governments, regulators and social security institutions across Africa to support improvements in governance, operational resilience and service delivery.
“Our partnership with NSITF reflects much more than the signing of an agreement,” said Mandla Shezi, group chief executive officer of RMA. “This partnership is not simply about sharing knowledge. It is about co-creating the next generation of African social security systems.”
He added: “By combining our respective strengths, we can help build institutions that are more resilient, more responsive and better equipped to protect workers while supporting national development.”
Shezi said the future of social security depends on integrated systems where prevention, insurance, healthcare, rehabilitation, technology, investment management and institutional capability work together.
Microsoft has announced plans to cut about 4,800 jobs, representing roughly 2.1 percent of its global workforce, with Xbox, its gaming division, expected to bear the largest share of the layoffs.
The company said more than 1,600 positions at Xbox would be eliminated immediately, while another 1,600 jobs would be phased out over the next year as part of a major restructuring of the gaming business.
In a memo to employees, Amy Coleman, executive vice president, Microsoft, said the company was streamlining its operations to focus on areas that deliver greater value to customers in a rapidly changing technology industry.
Asha Sharma, chief executive officer, Xbox, described the move as “the most significant restructure in Xbox history,” saying the changes are intended to position the gaming business for long-term growth rather than downsizing.
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