The Lagos Chamber of Commerce and Industry has warned industrial entities to brace up for disruptions as technology continues to upend the way businesses operate all over the world.

LCCI’s Chairman of Trade Promotion Board, Leye Kupoluyi, stated this at a media launch to herald this year’s Information Communication Technology and Telecommunications Expo.

The LCCI ICTEL EXPO, currently in its ninth edition, will be held on July 25-26, 2023, at Landmark Event Centre, Victoria Island, and Lagos.

The theme of this year’s event is “Tech Disrupt: Transforming Industries with Innovation”.

Speaking at the launch, Kupoluyi said that in order to sustain innovation and catch up with the world, Nigerian startups must be given a platform to practically demonstrate their new technological discoveries, which would enable them to have desirable turnover, increase profit merging, gain market share, and enhance customer loyalty.

He further referenced how the Covid-19 pandemic disrupted models that had been hitherto considered ideal, noting that those disruptions had come to stay.

He said, “Technological disruption is a fundamental transformation of business models occasioned by replacement of humans and existing business archetypal as a result of technology development.

“We have seen personal computers displaced mainframe computers and digital cameras displacing film cameras, but now the roles of humans have begun to be replaced by robots while business owners struggle to catch up with current trends as what they just learn becomes obsolete before they even implement.”

 According to Kupoluyi, the ICTEL 2023 will be demo-driven to showcase these powerful forces that are disrupting the world’s industries in unprecedented ways, creating new economic opportunities and propelling innovation.

Share:

administrator

Leave a Reply

Your email address will not be published. Required fields are marked *