The Nigerian Communications Commission (NCC), has said companies in Nigeria must adapt to the reality of disruptive technologies like artificial intelligence (AI), the internet of things (IoT), and machine learning, among others, in order to survive.
At the 2023 edition of the Information, Communication, Technology and Telecommunications (ICTEL), Prof. Umar Garba Danbatta, the Executive Vice Chairman of the Commission, who provided the recommendation, stated that the technologies have been used globally for improved productivity and sustainability.
Technology, according to Danbatta, who was represented by Alkasim Umar, Director of the Consumer Affairs Bureau at the Commission, has always had a substantial impact on how people live their lives.
However, he claimed that recent years had seen an extraordinary acceleration in technological progress.
According to the NCC helmsman, while the globe struggles to cope with the 4th Industrial Revolution brought on by the Internet, advances in numerous ICT-related fields are radically altering all dimensions of people's lives and rewriting economic, social, and cultural paradigms all over the world.
He listed a number of emerging technologies that have the potential to completely alter industries and business models, including artificial intelligence (AI), machine learning (ML), the internet of things (IoT), blockchain technology, virtual reality (VR), augmented reality (AR), fifth generation (5G), and others.
“Today, we find ourselves amid a digital revolution, where the boundaries between physical and virtual worlds are blurring.
"So, as we navigate the era of tech disruptions, it is crucial for businesses to embrace innovation and adapt to the changing landscape.
“Companies that are agile and willing to experiment with these emerging technologies will gain a competitive advantage in their respective industries,” Danbatta said.
The NCC CEO also reaffirmed the NCC's commitment to using technology and innovation to transform sectors and bring about good change.
The dedication is reflected in the NCC's strategic management plan.
“By embracing tech disruption, we are empowering individuals, businesses, and communities to thrive in the digital age.
"Together, let us build a Nigeria where technology is a catalyst for inclusive growth, innovation flourishes, and the benefits of connectivity reach every Nigerian,” the EVC said.
Dr Michael Olawale-Cole, president of LCCI, expressed appreciation for the Commission's efforts to create a predictable regulatory environment for the telecom industry and noted that the theme of this year's ICTEL Expo had been thoughtfully chosen in light of the profound effects that disruptive technologies are having on businesses all over the world.