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Smartcity Chair Says Nigerian Businesses Must Embrace, Localise Technologies

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Indigenous businesses must accept the presence of technology and structure their business model in line with the needs of their local environment in order to become a major player in a fast-paced digital economy.

Sir Demola Aladekomo, founder, Chams Group Plc and Chairman, SmartCity Resorts Plc, made this assertion during his Keynote Address at the Information Communication, Technology and Telecommunications Exhibition and Conference (ICTEL EXPO 2017), organised by the Lagos Chamber of Commerce and Industry held in Lagos, recently.

Aladekomo, whose address was on the exhibition’s theme; “The Digital Economy: Strategies for Growth in A Connected World”, stated that there are numerous potentials to be exploited with technology, especially with the changing demography of Nigeria being populated with lots of young persons as well as the availability of data, which now connects the country’s market to the global market.

According to him, technology will serve as a foundation of all activities in the digital economy and would also create a lot of inventions and opportunities, which will liberate resources, create new markets and eventually disrupt the current supply chain system.

He, however, advised that businesses must before brace up for the new developments before they get caught by the tide of technological revolution, noting that change could come in a harsh manner.

“The possible effects of this new economy that we are looking at includes that the core structure of your business is going to be different completely. If you can remember the VHS days, when we used to go and rent cassettes. Now, you find everything streaming online. This means that the business landscape therefore has completely changed. Your value proposition will also change as a result of the presence of data available. There is going to be massive explosion in new businesses, new organisations and new markets as a result of technology.

“Therefore, the first thing you need to do is to accept the inevitable, that your market has changed, the supply chain has changed, technology is going to disrupt every single thing that you are doing. If you do not change, change is going to come to you and it will be disastrous if you do not accept it. There will be lots of opportunities created. There will be challenges also created, but will both be for you or for your competition? If you are the one disrupting the market, then you are creating challenges for your competition, but if you allow your competition to create challenges for you, then you are in trouble”, he said.

Speaking on the importance of business analysis, Aladekomo urged businesses not to overanalyse issues as future is now. The ICT guru also stated that businesses should have a fundamental understanding of the local market rather than structuring their business models solely on technology.

Aladekomo said; “We do know that everything is not about software, no; it’s about the business model. You need to think out of the box. In coming up with a business model, we need to look at the technologies that are available. For us to know about the technologies available, we must understand them, we must learn about them a lot, but learning about them is not even as good enough as understanding the local environment.

“You need to have localised these technologies. You can still take some of their features and localise it and shape your market. If you cannot conquer your own local market, you are not going to conquer the American market. The apps can be easily developed but the important thing is your business model.”

He also advocated for a periodic review of business strategies and the need to take concrete action in order to keep abreast with their contemporaries in a digital economy.

The ICTEL expo had in attendance the Minister of Communications Technology, Barrister Adebayo Shittu; Minister of Science and Technology, Dr. Ogbonnaya Onu, represented by Prof. Gloria Elomo, Director General, Federal Institute of Industrial Research, Oshodi (FIIRO); the representative of the Lagos state Commissioner of Science and Technology, Olufemi Odubiyi; President, LCCI, Chief Nike Akande, and stakeholders from the technology and business sectors of the economy.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Prof. Aliyu, AI Practitioner to Keynote ABoICT 2024

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CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, is delighted and proud to announce Prof. Yakub Aliyu, as the keynote speaker at Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture series 2024.

 

Aliyu, will be speaking on the theme: Artificial Intelligence (AI): The Good, The Complex and The Anticipated”, this leans heavily on the fact that AI changing our lives– we just need to know where to look today.

This year’s rebranded Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture/Awards Series is slated for Saturday, May 25, 2024 at the Four Points by Sheraton, Lagos.

The event is the most prestigious annual event that brings together captains of industry in both technology and financial worlds.

According to Ken Nwogbo, CEO, Communication Week Media Ltd, organisers of the ABoICT Distinguished Lecture/Awards Series, “the choice of Prof. Yakub Aliyu is deliberate because of his exceptional career in Artificial Intelligence (AI)”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth,” he said.

A professor of microelectronics and a scholar-practitioner in artificial intelligence and deep machine learning for industrial applications and high-speed application processors. His research interests include Multimodal AI models for high-efficiency industrial robot applications and Human AI interactions.

He also has adjunct academic professorships at five African, USA, and UK universities. Holds a BS in Applied Physics Electronics from Karlsruhe and A Bello Universities in Germany and Nigeria, an MBA in International Business Management from the University of London, an MSEE (Master of Engineering, Electronics), and a Ph.D. in Electronics Engineering from the University of Wales.

Prof. Aliyu is the global quality director for Bourns Inc., Riverside, California, USA, an electronics system, and components manufacturer. I oversee quality functions in 21 factories worldwide.

He has also held quality and operational management leadership positions at National Semiconductors, Bell Labs-Lucent Technology, Texas Instrument, Global Foundries, and Roper Technologies USA.

Authored and coauthored over 30 Advanced Technology United States-issued patents in High-Speed Application Processors and Contributed to over 40 international impact Journals, chapters, and conferences; FASI, SMIEEE USA, MIEE UK, M. Inst pf Physics Chartered Phys and C Eng UK.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; Dr. Seyi Akindeind, co-founder, Digital Encode; Dr Krishnan Ranganath, Regional Director, Africa Data Centres.


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


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