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Business & Finance

Internet, The Key Success To Business in Nigeria

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Vodacom says that with the increased adoption and growth in the number of connected ‘things’ across Africa, the ‘Internet of Things’ has the potential to transform business operations and maximise efficiency across all sectors.

Vodacom’s Executive Head of IoT, Mr. Tony Smallwood, said, “IoT drives digital transformation, helping businesses to remain relevant in today’s digital world.

“Overall, 63 per cent of adopters say they have seen significant return on investment from adopting IoT.”

Smallwood spoke at the recently concluded NigeriaCom ICT Leaders Forum during his keynote address on understanding IoT applications in strengthening digital business in Nigeria.

By 2020, more than seven billion people and businesses, and over 30 billion devices, are to be connected to the Internet, and the question, according to him, is no longer about the adoption of IoT, but rather its application to drive business success.

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“We have an ecosystem of partners who specialise in specific aspects of IoT integration, who have deep knowledge in their respective industries. In collaboration with our partners, we are able to easily integrate an entire value chain for our customers, small or big,” Smallwood said.

From consumer goods, to finance, energy and utilities, manufacturing, agriculture and health, there is no industry that has not been impacted by the potential of the IoT.

IoT solutions securely provide a view of critical systems, keeping businesses in control and reducing costs across all operations. Linking almost any type of remote machine or devices to critical information systems and collating real-time data can help to increase visibility throughout the supply chain.

“Vodacom’s IoT solutions support wireless payment devices and electronic readers, energy usage and smart metering, chilling cabinets, goods and remote asset monitoring systems and community health management solutions,” Smallwood added.

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