Technology is one of the ever-evolving industries in the world. It keeps metamorphosizing and improving daily. The information technology (IT) sector is one of the fastest growing industry in Nigeria. This is evident at the increase in the number of tech startups in the country, virtually all sectors of the economy have been disrupted by one technology innovation or the other.
We should expect more cutting-edge innovation and dramatic changes in technology in the year 2018. What are the technology trends in Nigeria we should look out for in the coming year? The points below are not cast-in-stone, but they represent the technology trends we should anticipate in 2018.
Internet of Things (IoT)
Internet of Things (IoT) is simply the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to connect and exchange data (Wikipedia). There will be more adoption of IoT by corporate organizations and individuals. On a preliminary level, we currently have applications on our smartphones we can use to switch off our electronics at home or in the office eg TV, Audio Systems, AC etc. The level of interconnectivity with electronic devices is gradually increasing and this is an indication that we are gradually gravitating towards the full adoption of IoT.
Globally, Internet of Things (IoT) will grow to create smarter solutions that will be programmatically adjusted to be in sync with the human behaviour. AI and machines will enable these things to operate autonomously or semi-autonomously, and the driving forces will be efficiency and convenience. As the businesses are adapting to the emerging era of the digital world, companies will strive to find innovative ways of delivering their products and services.
Artificial Intelligence (AI)
Simply put, Artificial Intelligence is intelligence exhibited or shown by machines. It is no more theoretical topics that were taught to the young impressionable minds through academic books. They now have serious applications and implications for businesses. AI as it is fondly called is continuously pushing the limits of science and technology and helping us achieve the unimaginable. 2018 will see a lot of startups utilising AI technologies to create revolutionary solutions that are going to solve the real and complex business challenges. Be rest assured that AI is something to look forward to this coming year as a simple voice search is gaining its prominent already in Nigeria. The Apple Siri and Google Assistant, Microsoft Cortana are examples of simple AI technologies that will be leveraged on in 2018. Microsoft is already using AI to build more intelligent tools so we can put technology to work on increasingly complex tasks.
Many businesses are adopting cloud computing already. 2018 will witness more cloud adoption from businesses and individuals. It’s obvious most businesses are now gravitating towards cloud computing. “Cloud is the new normal”, this was AWS slogan some years ago, it’s now becoming a reality in this part of the world. In Nigeria today, the cloud is no longer the “new normal” for just developers, but more of a standard solution for the Enterprise world and SMBs as cloud computing and storage is extremely efficient and cost-effective. From Fintech to transportation and manufacturing, most of the industries in Nigeria have started migrating to the cloud.
Blockchain & Bitcoin
Bitcoin and Blockchain are gradually gaining more popularity in Nigeria. Attentions are gradually shifting to the inherent benefits of these seemingly new technologies in Nigeria. The much-hyped blockchain and bitcoin will start seeing real usage and deployment in the coming year. The blockchain is a shared, distributed, de-centralized and tokenized ledger that removes business friction by being independent of individual applications or participants. Fintech startups in Nigeria will start leveraging the foundation of blockchain to create disruptive and innovative business solutions. Bitcoin, on the other hand, is a form of digital currency. It’s a type of cryptocurrency used for transactions on a digital payment system.
The waves of technology in Nigeria is gradually moving to where Enterprise Mobility and business applications will no longer be mere tools that are good to possess, but they will evolve into indispensable instruments that will provide better productivity and increased security. The coming year will drive a wider scale adoption of serious business applications that will cater beyond communication and collaboration, and this will be an opportunity for a lot of startups to create innovative enterprise.