A notable network and digital identity systems professional, Mr. Sola Bickersteth has declared that data is still the new oil and applauded the Federal Ministry of Communications and Digital Economy led by Dr. Bosun Tijani for publishing a draft strategic blueprint for the sector, reports ITREALMS.
According to him, given Nigeria's present-day reality, the adopted winning formula in the document, proposed to accelerate prosperity could be improved upon bearing in mind that key underlining factors are data, technical innovation, capital and labor.
He maintained that data the main factor, stressing that all digital and indeed leading economies the world over as well as the Artificial Intelligence (AI)-driven systems “thrive on data, data and more data.”
The blueprint document, he said, as such should include a much more prominent and comprehensive, public sector led but private sector driven, safe, responsibly usable, and continuous data collection strategy.
As said by Bickersteth, whilst keeping in mind that the Bank Verification Number (BVN) scheme for example, is a key data system, that has fueled Nigeria's impressive fintech and payment systems growth and has been largely successful because of private sector involvement.
“So, if you like, Data = BVN/NIN,” he asserted, insisting that “after-all, data is still the new oil.”
ITREALMS recalled that the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE) had last October released the document entitled “Accelerating our collective prosperity through Technical Efficiency; a strategic plan.”
Remmy Nweke/DoP
2 comments:
That's interesting. It's true, data is incredibly valuable, and a strategic blueprint is definitely needed for responsible development. Thinking about how data translates into tangible benefits gets me wondering about accessibility and user experience. For example, sometimes I just want to chill and zone out, and find myself drifting through online games. Speaking of which, if you're ever looking for a simple, fun browser game, you should check out Drift Hunters. It's surprisingly addictive! Good to see Nigeria planning for the digital future.
This is a great point about data being the "new oil." Mr. Bickersteth is spot on! A comprehensive data collection strategy, especially one that leverages private sector innovation, is crucial for Nigeria's digital future. Thinking about accessible and engaging ways to interact with data made me think of a simple game, and if some of those strategies for engagement could be applied to data collection. If you're ever looking for a quick distraction, you might enjoy Snow Rider 3D, it's surprisingly addictive!
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