December 2017 – Lagos, Nigeria – As Technologies such as the Internet of Things (IoT) and Big Data Analytics continue to transform and disrupt the business world, the Managing Director of Vodacom Business Nigeria, Lanre Kolade, calls on Nigerian Businesses to adopt new technologies to drive productivity and efficiency to remain competitive.
Speaking at the recently held Business Day CEO Forum Nigeria 2017, an annual thought leadership initiative in collaboration with McKinsey & Co, Kolade said “Technology such as IoT enables growth across business sectors. Today, many organisations are using this technology to cut costs, reduce risk, increase revenue and efficiency”.
Businesses in the Africa are gradually adopting IoT, with Nigeria being one of the leading IoT markets in Africa. This adoption is driven by the increasing availability of affordable smart devices, coupled with the need for enterprises to deliver shareholder value. According to the Vodafone’s Global IoT barometer report 2017, the adoption of IoT has grown significantly from 12% in 2013 to 29% in 2017 and 49% of these adopters use IoT in conjunction with analytics to improve business decision-making.