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Technology Integration Vital for Nigeria's Business Growth - Abanum

POSTED ON July 18, 2024 •   Business      BY Abiodun Saheed Omodara
Mr Collins Abanum, Science and Technology Expert

Mr. Collins Abanum, a science and technology expert at the department of science and technology education, faculty of education, Lagos State University, says technology has played a pivotal role in boosting business growth and overall economic development in Nigeria. 

During an exclusive interview with Rocketparrot News, Abanum shed light on the transformative power of innovative technologies and their significance in today's competitive landscape.

He stated that technology had become an integral part of existence for businesses looking to thrive in the digital age.

He said, “From automation and artificial intelligence to data analytics and cloud computing, advancements in technology offer unprecedented opportunities for companies to streamline processes, enhance efficiency, and drive sustainable growth.

The Science and technology lecturer emphasized that businesses that embrace technological solutions gain a competitive edge by improving productivity, accelerating decision-making processes, and delivering enhanced customer experiences. 

He stated that by leveraging cutting-edge technologies, organisations optimize operations, reduce costs, and unlock new revenue streams, ultimately fostering long-term success and scalability.

Abanum emphasized the importance of adopting a forward-thinking approach towards technology integration, urging businesses to invest in digital transformation initiatives that align with their strategic goals and objectives. 

He stressed that fostering a culture of innovation and encouraging continuous learning, companies could stay ahead of the curve and capitalize on emerging technologies to drive business performance and profitability.

Abanum further underscored the critical role of technology in driving inclusive growth and economic development. 

He noted that through democratising access to technology and fostering digital literacy, businesses could empower individuals and communities, spurring entrepreneurship, job creation, and socio-economic advancement on a global scale.
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