Optimize Your Businesses Using AI – Nigerian Communications Commission
The importance of Artificial Intelligence (AI) and Machine Learning (ML) in Revolutionizing industries have been emphasized.
The Executive Vice Chairman of the Nigerian Communications Commission (NCC) Prof. Umar Danbatta, made the remark during two-day 2023 ICTEL Expo organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos.
Professor Danbatta, who was represented by the Director, Consumer Affairs Bureau of NCC, Mr. Alkasim Umar, said the technologies would shape healthcare, finance, manufacturing, transportation Industries among others.
The EVC said AI-powered algorithms were enabling more accurate predictions, enhanced decision-making and automation of mundane tasks, hence using AI to analyse vast amounts of data, businesses can optimise their operations to deliver better products and services.
He added that blockchain technology was another transformative force that was reshaping industries, especially in finance and supply chain management, as blockchain has created decentralised and immutable ledgers, which ensured transparency, security, and efficiency in transactions.
The NCC boss noted that the technology had the potential to streamline processes, reduce costs, and eliminate intermediaries, leading to greater trust and collaboration between business partners.
On the fifth generation network, Professor Danbatta said it was enabling new possibilities in areas such as autonomous vehicles, augmented reality, and telemedicine.
He added that the convergence of technologies such as Virtual Reality (VR) and Augmented Reality (AR) was disrupting multiple industries, particularly in entertainment, education, and retail.