Wednesday, April 24, 2024

ICT to grow to $10bn in 2018

Stakeholders in the Information Communication Technology sector have projected that the industry would grow to $10billion in 2018, as Nigeria is fast emerging as the hotbed of technological innovation in Africa.

The Managing Director, Oracle Nigeria, Mr. Adebayo Sanni, explained that his country was working with eggheads undertaking some innovations, because, according to him, the market is defined by growth, development, and change.

“From the ubiquity of next-generation cloud to the reliability of blockchain, we continue to invest in solutions and services that will help bring transformational change for our customers,” he said.

Another operator, Mr. Segun Mustapha, alerted both the public and private organisations to a possible increase in cybersecurity breaches in the New Year, adding that instead of abating, the security situation was getting worse.

He said, “Cloud computing enables unmatched speed, value, and better return on investment. Businesses and public sector entities in Nigeria need to accelerate their digital transformation initiatives.

Security breaches are gaining momentum daily, and if care is not taken, more breaches will happen this year. But cloud technologies/computing can prevent this menace if adequately deployed.”

    According to Sanni, cloud is now a mainstream approach in Nigeria, “and we are increasingly seeing business leaders opt for solutions that allow them to free up resources for creating unique customer experience; drive innovation or reduce ownership
costs.”

“Over the past few years, Oracle has invested in expanding its footprint, increasing the workforce and introducing latest cloud solutions in the country. This sustained engagement has helped us support the digital transformation initiatives of a host of organisations, and thus drive solid momentum for Oracle cloud in Nigeria,” he said.

    Aside from the security threat, which he said would lead to automation, the Oracle boss said Artificial Intelligence would cement its place in enterprises, arguing that by the end of this year, most customers support would be conducted by chatbots.

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