Adoption of Technology Tools to Enhance National Development

Adoption of Technology Tools to Enhance National Development by Dr. Kenny Odugbemi

Technology plays a fundamental role in ✓wealth creation, ✓improvement of quality of life and well being of the people
✓real economic growth, transformation of any society
✓implementation of robust surveillance and intelligence networks to reduce to the nearest minimum issues of kidnapping, destruction of life and property
✓reduce financial recklessness by blocking obvious holes

Technology processes allow efficient production of more goods and services

Technology transfer provide developing economy like Nigeria with access to cutting edge knowledge, R&D and expertise from around the world

Technology platform plays a crucial part in the development of Smart+community+cities+ State +Nigeria leveraging on the advancement and potential of Artificial intelligence, Robotic, Block chain technology

Technology tools
Artificial intelligence
Robotic
Blockchain
Big data
IOT
5G connectivity
Social media

Artificial intelligence (AI)
Artificial intelligence is a major force in the technology landscape as this tool continue to evolve opening up possibilities for indivisible, group, Corporate and National development.

Type of AI

✓Reactive machine- this only reacts to their environment

✓Limited memory-this remember and use past experiences to inform future decision making process

✓Theory of mind-this guarantee the understanding of human emotions and intentions which facilitate processing of information autonomously.

✓Robotics – this deals with the design and construction of robots, especially for Kinetic operations

✓Natural language processing teaches computer human knowledge through voice recognition to machine translation and finally to text analysis

Big Data analysis

Preventive
Predictive
Prescriptive

Type

✓Structure data These are in tabular form like *spread sheet
*Data bases

Unstructured data+ *Media and *entertainment data, *surveillance data, *geospatial data *weather data

✓Document collection *-invoices,
*records,
*emails

✓Semi structured data
These include:
*XML files,
*Jason objectives with classified feature link
*internal semantics tags
*meta data
*Markings

Block chain technology

The implementation of this technology will reduce cost and improve effectiveness and efficiency in the following
Budgeting
Capital expenditures
Recurrent expenditure
Financial modeling

Blockchain technology uses consensus algorithms to track band reconcile transaction
This service is an anti-corruption tool that has the following features
Immutability
Transparency
Decentralization
Implementation with increased trust and accountability

Application principles

The peer-peer system stores and shares a digital ledger of data using cryptographs to ensure confidentiality, integrity whilst reducing probability of compromise at great cost

Development phase

Create a block – transactions are transmitted into a distributed network of nodes, there is a node for every transaction with alignment and compliance to consensus

Link blocks- this store a certain amount of data once it is filled
New block is generated to link with the previous block through codes call “Hash”

Add to chain – transactions are blocked in a fixed fashion to use backward integration through subroutine programs to confirm blocks to perform the following tasks
*add validity
*Security
*prevention of fraudulent behaviors

5G Connectivity
This provides an infrastructure path for communication
NCC confirmed that there are 500,000 subscriptions for about (0.83-2% this depends on the location for a population of over 200million people
It is projected that there will be penetration of 226m by 2030

✓Sensor data from IOT

Machine learning – this ensures machine learning from data without explicit programming to mimic human behavioral patterns

Features, benefits and advantages

✓Resource management

Resource allocation can be optimized through AI automation, sequencing and convergence

✓Risk management
AI-powered risk management analyses vast data set, fortify organization against potential vulnerability, scalability and predictive analytics in response to cyber attacks

It also provides opportunity intelligence through geospatial mapping in the celestial realm to monitor through cameras, monitor eagle eyes” threats, collect data and processes and launch massive weaponizations of massive destruction with precision to prevent offensive attack of terrorist on the terrestrial before they strike.

AI automation allows cyber security teams to focus on strategic initiatives for continuous monitoring and adaptive security measures

Opportunity for local investors &attraction of FDI’s ( proposed estimate $650M)

Nigeria will require the support of development partners and global financial institution to secure loan estimate of $650million investment of telecoms and digital innovations to cover infrastructural happiness for served and underserved among over 200million people in Nigeria

Potential opportunities for local investors

The federal government’s plan is to produce through qualitative training, development, coaching and mentoring 3M Digital Tech-preneurs in Nigeria within 3years-2024-2027, 1.5m digital experts will be retained to augment for 52% professional already in diaspora and 1.5m digital experts will be exported to earn foreign exchange.

Social Media platform
The government must formulate policies that can guarantee the following positive objectives
Avoid negatively
Manage sensitivity of information with appropriate sanctions as the case may be
Maintain integrity of information
Establish guidelines for real-time reliability
The need to established strict term and conditions for professionals with intentions to move into Japa trajectory

Legislative work to produce blue print policies for Diaspora as it relates to the following

Remittance policy to revolutionize our economy
With the view to redirect over $20bn every year to the following
Infrastructure investment with high yield
Capital Stock Market
Buffet up forex market

Note
Outline CBN policies bro Incentivise the aforementioned as sacrosanct to beat their current gains in the parallels market

Conclusion
There is need for effective collaboration between all stakeholders band federal government to achieve our desired objectives of using technology to lift million out of poverty through investment opportunities for good yield, provision of sound employment opportunities for the youth, managing effectively and efficiently all aspect of our National economy by blocking current looting with impunity to sanitize our National economic eco system ,this is return will guarantee prosperity for all