The chairman the years’ event, Jim Ovia has predicted that the Internet of Things (IoT) will impact on virtually everything in the home –from the storage facilities to non-traditional infrastructure and wearables in the future.
Speaking at the Digital Africa Conference which took place in Abuja. Ovia who is also the chairman of Zenith Bank said that more than 90 per cent of all IoT data will be hosted on service provider platforms as cloud computing reduces the complexity of supporting IoT Data Blending within the next five years. He also said that the IoT will provide the platform for integrating human society and physical systems; tracking behaviour for real-time marketing; enhance sensor-driven decision analytics, as well as optimize processes.
“The Internet gave us the opportunity to connect in ways we could never have dreamed possible.” Ovia said. “The Internet of Things will take us beyond connection to become part of a living, moving, global nervous system. Whether you are an individual, technology developer or adopter of these technologies, the Internet of Things will stretch the boundaries of today’s systems,” he added.
Also present at the event was the acting director-general of the National Information Technology Development Agency (NITDA), Vincent Olatunji who said that Nigeria must consider ICT as a profitable avenue to tap into. “I am happy that the country has taken a huge practical step in actualizing her plans of diversifying the economy away from oil,” Olatunji said.
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