The Nigerian Communications Commission (NCC) has hinted that Artificial Intelligence (AI) and Machine Learning (ML) have the potential to revolutionise industries.
Executive Vice Chairman of NCC, Prof. Umar Danbatta, made the remark recently at the two-day 2023 ICTEL Expo organised by the Lagos Chamber of Commerce and Industry (LCCI) at Landmark Event Centre, Lagos.
Danbatta, who spoke on the theme: “Tech Disruption: Transforming Industries with Innovation,” was represented by Mr Alkasim Umar, Director, Consumer Affairs Bureau of NCC. He asserted that the technologies will ultimately shape healthcare, finance, manufacturing and transportation Industries.
He said that AI-powered algorithms were enabling more accurate predictions, enhancing 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 that blockchain created decentralised and immutable ledgers, which ensured transparency, security, and efficiency in transactions.