E-Business
#NerdsUnite: Digital Disruption Key to Business Survival
Organizations need to take full advantage of the evolving ICT landscape and embrace digital technology capable of positively disrupting their business model in order to survive the challenges posed by Covid 19, tech thought leaders have said.
The tech experts made this submission at NerdsUnite, the flagship tech programme organized by MainOne, the leading data center and broadband connectivity firm in west Africa.
Digital Disruption is the change that occurs when digital technologies and business models affect the value proposition of existing goods and services and the outbreak of covid-19 pandemic sparked a new era in the application of ICT to business, discussants at the event agreed, Ms. Funke Opeke, Managing Director of MainOne said in her presentation.
According to Ms. Opeke, the major cause of digital disruption is the rapid advancement of technology and globalization, which allows new business models to be introduced at an ever increasing rate and with rapidly declining costs of adopting technology, the Covid 19 Pandemic, improved Technology innovation, Growth in Broadband Penetration, Millennials ease with digital platforms, Growth in Social Media, Growth in Mobile Penetration and the Shift to Work from home.
Every institution must master and own its digital transformation in order to survive. These days, most businesses are going digital Covid 19 has made it inevitable. However, not every organization’s journey will be the same, Dr. Olubayo Adekanmbi MTN Nigeria – Chief Digital Transformation Officer said in the first panel session.
On his part, Mr. Mitchell Elegbe, Interswitch Limited – Founder and Group Managing Director noted that organizations must think of the traps and triggers on their digital transformation journeys.
The traps and the pitfalls they could face, while the triggers are the internal and external factors that define what technology to be adopted. In his view, Digital is about solutions that work for everyone. Regulation is very important, as digital has implications for national sovereignty and security.
The 2021 edition of the event was collaboratively put together by Deloitte, a first of its kind, it addressed two audiences one online composed of participants from around the world while few attended the programme physically.
Nerds Unite 2021 featured sought after speakers and industry thought leaders in the local and international tech sector including Mr. Mitchell Elegbe, Founder and Group Managing Director, Interswitch Limited; Dr. Olubayo Adekanmbi, Chief Digital Transformation Officer, MTN Nigeria; Mr. Moses Baiden Junior, Chief Executive Officer, Margins Group, Ghana; Mr. Tomi Davies – Chief Investment Officer, GreenTec Capital Partners as well as other notable speakers.
Visa, global payment services giant, has announced plans to establish a data centre infrastructure in Nigeria.
Andrew Torre, Visa’s regional president for central and eastern Europe and Vice-President Kashim Shettima
According to a statement by Stanley Nkwocha, senior special assistant to the president on media and communications (office of the vice-president) on Friday, Andrew Torre, Visa’s regional president for central and eastern Europe, the Middle East, and Africa, spoke during a courtesy visit to Vice-President Kashim Shettima at the presidential villa in Abuja.
“This is in addition to its investments of over $1 billion in the country, including a substantial technological partnership with @moniepoint to foster digital payment solutions, a $200 million investment in Interswitch, and a partnership with @thriveagric to empower smallholder farmers and enhance food security in Nigeria,” the statement reads.
During the meeting, Torre said the plan to establish the data centre infrastructure aims to bring new technologies into the Nigerian market that would bolster the nation’s growing digital economy.
“Visa has been making investments and will continue to make these investments in Nigeria,” he said.
Responding, Shettima welcomed Visa’s expansion efforts, assuring the delegation that the partnership between Visa and the Nigerian government would continue to flourish.
The vice-president commended the company for investing in ThriveAgric, noting that President Bola Tinubu’s administration is deeply committed to repositioning the agriculture sector, which remains a top priority in its 8-point agenda.
“Nigeria is where the action is. Of the 10 fintechs in Africa, about eight are in Nigeria, with moniepoint as the newest addition,” Shettima said.
“Agriculture is key to the 8-point agenda of the present administration. President @officialABAT is really keen on repositioning the agriculture industry here, and we have to invest in technology, we have to invest in modernisation.”
On January 23, Moniepoint, a Nigerian fintech company, announced it secured investment from Visa to support the growth of small and medium enterprises (SMEs).
Andrew Torre, Visa’s regional president for central and eastern Europe and Vice-President Kashim Shettima
Federal Capital Territory Administration (FCTA) has approved N242.8m for the procurement of a Microsoft 365 licence for its Internal Revenue Service (FCT-IRS) as part of efforts to digitise the service’s operations.
Mr Michael Ango, acting executive chairman of FCT-IRS, disclosed this after the FCT Executive Committee meeting chaired by Mr Nyesom Wike, the minister of FCTA, in Abuja on Wednesday.
Ango said that the FCTA was making significant investments in technology to enhance revenue generation and collection.
“So, this is also one of those investments in technology that the FCT is undertaking.
“The licence, if procured, will enhance our ability to move most of our manual processes into automated processes.
“It will enhance our ability to communicate within our offices,” he said.
The executive chairman added that the move would also reduce the use of paper and ensure better record-keeping through the storage of information and documents in the cloud.
According to him, “The licence will essentially enhance our operations and assist us in generating revenue for the development of the FCT under Wike’s leadership.”
Rack Centre, West Africa’s Tier III Carrier and Cloud neutral data centre, has welcomed Olla Cloud Service, a new private cloud service by Olla Systems Limited, a leading provider of innovative technology solutions, to its facility.
Hosting at Rack Centre, Olla Cloud Service runs on a state-of-the-art, cloud-enabled infrastructure for enterprise applications across diverse platforms, including mission critical application, web applications as well as containerised applications using Kubernetes.
Lars Johannisson, CEO, Rack Centre, welcoming Olla Systems, noted that the partnership with Olla Systems Limited would reflect the company’s commitment to providing African businesses with high- quality cloud computing services.
He noted that Olla Systems would enjoy Rack Centre’s 13.5MW data centre campus facility, designed to meet the highest international standards and offering scalable solutions to Hyperscalers, Enterprises, and Cloud service providers.
As part of its commitment to sustainability, the facility is equipped with energy-efficient systems, advanced cooling technologies to mitigate environmental impact and an optimally-designed feature to handle high-density workloads with precision.
According to Johannisson, “With Olla Cloud Service hosting at Rack Centre, clients will experience fast performance and low latency, enabling businesses in Africa to access world-class cloud computing services within a secure and compliant local infrastructure.”
Also speaking, Olusola Adenuga, chief executive officer, Olla Systems Limited, expressed enthusiasm about hosting at Rack Centre, noting that Olla Cloud remains a groundbreaking private cloud solution for businesses.
While highlighting the benefits of the partnership between Rack Centre and Olla Systems, Adenuga disclosed that “subscribing to Olla Cloud Service is cost-effective to customers because of its local currency payment advantage.”
She also noted that the partnership between the duo, provides businesses the opportunity to meet regulatory requirements of data residency, while enjoying world-class infrastructure as a service (IaaS) locally.
“Other benefits of hosting with Olla Cloud include: 24/7 support, unparalleled performance, scalability and agility.” she added.
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