The Nigerian Communications Commission (NCC) said Artificial Intelligence (AI) and Machine Learning (ML) have the potential to revolutionise industries.
The Executive Vice Chairman of NCC, Prof. Umar Danbatta, made the remark during two-day 2023 ICTEL Expo organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos.
Danbatta, who was represented by Director, Consumer Affairs Bureau of NCC, 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.
According to Danbatta, by using AI to analyse vast amounts of data, businesses can gain valuable insights and optimise their operations to deliver better products and services.
“Another tech disruption that is transforming industries is the Internet of Things (IoT). With the proliferation of connected devices, IoT is revolutionising how we interact with our surroundings.
“Industries such as agriculture, energy and logistics are leveraging IoT to optimise resource usage, monitor equipment maintenance, and improve overall efficiency.
“IoT-enabled sensors and smart devices provide real-time data, enabling businesses to make informed decisions and optimise their processes,” he said.
He added that blockchain technology was another transformative force that was reshaping industries, especially in finance and supply chain management.
The NCC boss said blockchain created decentralised and immutable ledgers, which ensured transparency, security, and efficiency in transactions.
He explained 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, 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.
Danbatta noted that VR and AR technologies offered immersive and interactive experiences that could transform how we learn, shop, and entertain ourselves.
“As we navigate the era of tech disruptions, it is crucial for businesses to embrace innovation and adapt to the changing landscape.
