The drive to enthrone a digital economy in Nigeria may not be impactful without sufficient and comprehensive research.
This is according to the Director, World Bank Sponsored Africa Centre of ICT-Driven Knowledge Park, and instant previous Dean, Faculty of Technology, Obafemi Awolowo University, Ile Ife, Prof. ‘Sola Aderounmu.
Aderounmu, who was likewise the previous President, Nigeria Computer Society (NCS), mentioned this in a short article submitted to the Research Management Office of the University of Ibadan, Oyo State. He stated there can be no digital economy without research study, just due to the fact that developments are what drive the digital economy, but developments are themselves fuelled by research study.
According to him, in metaphorical denotations, development is the oxygen of the digital economy while research study is the lifeblood of development.
” So, as nations and governments strive to construct or grow their own digital economies, they should pay priority attention and provide enormous financing to Research study & Advancement activities and jobs in the academia and tech market.
” Thanks to the Tertiary Education Trust Fund (TETFund) which is presently playing a crucial function in funding research study in greater organizations of learning in Nigeria, and facility of Centres of Quality of which University of Ibadan is a beneficiary.”
By method of meaning, the former NCS employer kept in mind that the digital economy provides itself to diverse significations, however essentially, it is, according to a World Bank Digital Economy report referencing Ernst and Young, “the part of financial output obtained entirely or primarily from digital innovations (ICT) with a business design based upon digital products or services.”
According to him, the report even more expatiates that “digital economy is comprised of different components, including a platform economy, a gig economy, a market 4.0, a digital economy, information analytics, robotics and Artificial Intelligence (AI), machine learning, 3-D printing, and e-commerce, among others.
To put it simply, he stated the digital economy as it is today encompasses comprehensive economic activities that take advantage of digitised information and understanding as essential dynamics of production.
He stressed that varied ingenious digital innovations are released to gather data, shop data, evaluate data, and after that share the same data digitally to assist in more reliable interactions and efficient deals in contemporary society.
Aderounmu stated more innovation centers and technology parks must be developed and well-funded to broaden research study abilities. He stressed that there is a crucial need for deepening the strategic partnership in between the academia and entrepreneurial market, so as to ensure that research efforts yield gratifying outcomes that benefit society and advance the digital economy.
” What is more, the cooperation between the academic community and industry can likewise explore curriculum preparation for institutions of higher learning in order to evolve the best ICT programmes that will assist realise the abilities requirements of the future,” he added.
The instant Past Dean likewise argued that above all, the implementation of a digital economy technique must be an intentional government policy that is well thought out and structured.
According to him, governments of developing economies such as we have in Africa need to take the best steps towards the actualisation of a modern-day digital economy strategy.
Aside prioritising and moneying research study, he said developing nations can also construct a robust digital economy by promoting digital abilities uptake amongst people, minimising capacity restraints, investing in wholesome ICT ecosystems, providing up-to-date digital facilities, facilitating simpler digital gain access to, enhancing regulatory structures that support and secure competition, and carrying out policies for promoting sustainable innovation.
‘ No digital economy without research’
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