By Peter Uzoho
SomeÂ professionals have outlinedÂ certainÂ conditions that Nigeria needs to meet to fully adopt digitalÂ transformation for the development ofÂ itsÂ economy.
Presenting a paper titled,Â â€˜Digital Disruption: Implications forÂ Businesses,â€™Â at the 2018 KPMG Alumni Cocktail in LagosÂ at the weekend,Â theÂ ManagingÂ Director, Venture Garden Group, Mr. Bunmi Akinyemiju,Â stressed that Nigeria needs to build ecosystems, form partnerships,train talents, and make capital available for investment.
He said toÂ create theÂ neededÂ environment for digital transformation in the country, firms,financial institutions, consumers, corporates, government,Â regulators,Â among others, have toforge strong collaboration.
HeÂ added,Â â€œYou need to create the right environment; create a community, becauseÂ digital disruption is not something you get five people involved andÂ they make it happen.
â€œYou actually need that whole ecosystem to comeÂ together. You need partnership â€“ you canâ€™t do it alone; partner withÂ start-ups, partner with foreign companies, partner with theinstitutions, and so on. And then, training.
â€œOur population is replete with a huge talented youngÂ men and women that we can leverageonÂ to maximise the potentialÂ ofÂ digital disruption. We have them here in Nigeria and many of them areÂ also in the Diaspora.
â€œWe need data, data is the new oil, data enablesÂ and accelerates digital transformation. Again, we need to have moreÂ entrepreneurship, more innovators to drive this.
â€œAnd we needÂ government to put the right policies in place. So, when you combine allÂ these, incredible things happen.â€
Also speaking, Executive Director, IT Operations, Access Bank, Mr. AdeÂ Bajomo, said organisations need to prepare aheadÂ to be ableÂ to confront issues around digital disruptions for the benefit of theirÂ organisations.
On his part,Â theÂ Associate Director, Technology Advisory, KPMG, Mr. LadiÂ Asuni,Â saidÂ new skills particularly, in the digital spaceÂ should be embraced.
HeÂ added,Â â€œFor us,Â we see disruption as an opportunity first, and inÂ terms of how weâ€™re responding to it. We realised the impact ofÂ disruption even in the work we doÂ andÂ the service we provide to ourÂ clients.
â€œSo,Â in responding to it, weâ€™re looking at our business model;Â how do we deliver services to our clients, how can we infuse digitalÂ into making even our own work more efficient?â€