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Experts to review economic impact of digitalisation at MoDiTECH 2019

Jumoke Akiyode-Lawanson
5 Min Read
Experts to review economic impact of digitalisation at MoDiTECH 2019

Technology industry stakeholders and enthusiasts will be discussing the disruptive tendencies of new technology in various industries and review the economic impacts of these technologies.
They will give particular attention to the disruptive potentials of emerging technologies such as the Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision at the upcoming Mobile and Disruptive Technology Forum 2019 (MoDiTECH2019).

Disruptive technologies such as mobile internet, automation of knowledge and work, Internet of Things (IoT), cloud technology, advanced robotics, autonomous and near-autonomous vehicles, next-generation genomics, energy storage, 3D printing, advanced materials, advanced oil and gas exploration and recovery and renewables are improving the quality of life for people and redefining business models such as Agritech, e-Billing, e-Commerce, e-Governance, e-Payments, transportation, smart city, etc.

With the theme; “The power of digital services,” maiden edition of the technology forum organised by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, is a platform for inter-sectorial review of economic impacts of these technologies; giving particular attention to the disruptive potentials of emerging technologies such as the Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision.

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Scheduled to hold in Lagos on October 24, 2019, MoDiTECH will have in attendance, Isa Ibrahim Pantami, minister of communications, as the special guest of honour.
Other special invitees expected at the Forum are, Umar Garba Danbatta, the executive vice chairman of the Nigerian Communications Commission (NCC), Kashifu Inuwa Abdullahi, the director-general of the National Technology Development Agency (NITDA), Tony Ojobo, the president, African ICT Foundation (AfICTF), Chris Uwaje, the chairman, Connect Technologies & Africa Chair for IEEE, while Austin Okere, the founder, CWG Plc, is scheduled to present the keynote address.

Other speakers include Toyosi Akerele-Ogunsiji, the founder of Rise Labs; Nigeria’s First AI powered learning, research and work readiness centre, Tunde Ogungbade, managing director of Global Accelerex Limited and others.
The Forum is organised in partnership with Global Accelerex and has been endorsed by the Association of Telecommunications Companies of Nigeria (ATCON), InnovationBed Africa, and the Association of Licensed Telecoms Operators of Nigeria (ALTON). It will feature C-level executives including CEOs/CFOs/CROs/CCO/CIO; Directors and Heads of trading, operations, research, analytics, investment, strategy, digital, compliance, risk and data analysts; and senior regulators and policymakers; drawn from the FMCGs, Financial Industry including Fintechs, Banks, Insurance Companies, etc., AgriTech, Logistics, Cybersecurity companies, amongst others.

Speaking on the choice of the theme, Peter Oluka, the editor, TechEconomy.ng, said that paradigm shifts obviously panned the world to the inherent advantage facilitated by disruptions in communication (Telecoms), access to this technology is increasing income and Return on Investments (B2C & B2B); improving access to services such as smart metering, Health (eHealth) and Transportation (Mobility), making Financial Services more convenient (FinTech/Banking), and increasing the GDP (Tax/Revenue) of entire country.
The FinTechs for instance, he said, are simplifying the user journey by leveraging technology and giving millions more people access to financial facilities.

“So what’s the next big thing? Where will the jobs be, and how can companies carve out a competitive advantage in the compelling global economy? 5G is coming. The Nigerian Communications Commission (NCC) for instance, has issued spectrum for research on 5G; so that should be the thinking of players in different sectors?
On his part, Chike Onwuegbuchi, deputy editor, Nigeria CommunicationsWeek, said MoDiTECH is a credible platform to showcase disruptive technologies that even the government can leverage to address societal issues and improve on the economic indexes.

He reiterated thus, “For instance, the volume of data in the world is growing by 60 percent every year and for financial services in particular, the effective handling of data will be central to future business strategy especially with the unleashing of 5G technologies”.
“So, Mobile and Disruptive Technology Forum (ModiTECH’19), in this maiden edition, aims at pushing for “The Power of Digital Services” by disrupting existing technologies for the advancement of the economy at large.”

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