The recently held forum which featured notable stakeholders in the Nation’s economy, charged Government to evolve policies that would address the challenges in technological innovations to enable the nation’s economy to compete globally.
According to the Chairman, Nigeria-South Africa Chamber of Commerce, Mr Foluso Philips, innovation is very imperative for the economic development of any nation and Nigeria is no exception.
“If you take a look at Nigeria’s economy, you’ll discover that the level of innovation and technology in Nigeria is low and not where it should be, therefore working policies should be made to support human capital; research/innovation infrastructure and a sophisticated business community,” he said.
Also speaking at the event, Chief Transformation Officer, MTN Nigeria, Bayo Adekanmbi, emphasized on the role of data in nation-building. He asserted that “the use of an improved data mining system is not only important but also crucial to developing a strong, vibrant and viable economy. With data comes information and with information comes knowledge. Good knowledge powers decisions that deliver results and when big data is used in a logical way, we can transform industries, society and the world at large”. He concluded
Commenting on the prospects of data mining, Tobechukwu Okigbo, Corporate Relations Executive, MTN, expressed his pleasure that MTN is one of the companies at the forefront of data innovation in Nigeria. He also commended the government’s planned open data policy stating that this development would bolster the private sector involvement in strategic planning and increasing investment levels in the country.
The forum, which had as its theme “Building Great Institutions. Governance, Succession and Service” pushed for stakeholders to embrace innovation for developing the Nation’s economy and also expounded the benefits of the effective application of Big Data in the industrial sector.
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