PPP driven machine learning, key for Nigeria in 4th Industrial Revolution- Bayo Adekanmbi


Thursday, November 23, 2017  4.00pm / Proshare WebTV 

A strategic public-private partnership focused on machine learning in Nigeria, is vital to repositioning the country as a key player in the fourth industrial revolution era driven by digital technology. 

Mr Bayo Adekanmbi the Chief Transformation Officer of leading telecommunications company in Nigeria, shared this as the keynote speaker at the Nigeria-South Africa Chamber of Commerce November breakfast meeting in Lagos.

Focusing on the theme “The Data Mindset: Inspiring Growth and Development Across Sectors”, Adekanmbi asserted that Nigeria had the potentials to leapfrog in a hi-tech driven age, if there is a government-led and private-sector driven approach to machine learning, which is the centrepiece of the developments that will shape the economy utilizing Data. 

He noted that Data was the new oil and the 21st century economics which is more knowledge based, will be anchored by Data. The MTN CTO also identified the “Internet of Things”(IOT) as a strategic enabler that will change the landscape of the services industry. 

According to him “Data in the 21st century is like oil in the 18th century: an immensely, untapped valuable asset Like oil, for those who see data’s fundamental value and learn to extract and use it there will be huge rewards. We need to turn our data infrastructure from a cost-center to a profit-center” 

Speaking further he said Data is the engine of Transformation, with remarkable innovations in “Big Data” and “Analytics”. Big Data is the ubiqitous  networks and device proliferation enable access to a massive and growing amount of traditionally siloed information. 

Adekanmbi also believed that Analytics and Business Intelligence tools were critical in driving a data divn for him was another critical aspect for achieving an effective data driven solution, which will empower decision makers as never before by extracting and presenting meaningful information in real-time, helping people to be more proactive than reactive. 

The MTN Executive said the “Global Market Analysis is valued at about $150bl, with India taking 12% of the market share”, stating that Nigeria could derive value from it if it invests significantly in Analytics. 

On Artificial Intelligence, Adekanmbi informed stakeholders that it is one phenomenon to watch in the fourth industrial revolution, as systems are trained to recognize data points. 

Mr Bayo Adekanmbi also leads a non-profit initiative Data Science Nigeria, and  is spurred on by a compelling drive to raise a new generation of world-class data scientists and knowledge entrepreneurs who will set up data science-based businesses and attract foreign exchange to Nigeria. 

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