Technological experts have warned that Nigerians businesses risk extinction if they ignore the emerging application utility era driven by digital and mobile internet things (IOT).

According to them, the application utility era would continue to favour companies that are constantly incorporating innovation to produce products in the world market territories and across industry sectors.

In a report by ThisDay Newspaper, Akan Michael, National Chairman, Nigerian Institute of Electrical and Electronic Engineers (NIEEE) who spoke at the inauguration of the NIEEE Victoria Island (VI) Chapter and investiture programme in Lagos said the country must continue to enhance the capabilities of its engineers to national growth.

Speaking also on, “Technology in Infrastructure Development: Leveraging AI, IOT and Big data for infrastructural Transformation,” the Chief Operating Officer, MDXi, MainOne’s Data Center subsidiary, Gbenga Adegbiji, said the big issue was how Nigeria would not miss out on the opportunity IOTs provides for economies.

According to him, the country has been witnessing massive investment inflows by big tech firms like Amazons, Facebook and Google to better position themselves in the emerging virtual economy.

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