Engineers who work for the Nigerian Academy of Engineering (NAE) say that the country needs to spend a lot of money on Internet of Things (IoTs) technology infrastructure in order to help the country grow economically and socially.
It’s expected that IoTs will be worth $55.7 billion by 2025, and $11 trillion by 2030. They said that IoTs can help businesses automate processes, save money on labor, reduce waste, and improve service. This is why developing countries like Nigeria need to invest more money in the sector.
It’s called the Internet of Things, and it’s a group of smart devices that communicate with each other and the environment through sensors.
There should be a collaboration between the industry and universities to teach people how to work in the IoT field. Read more: Mobile Industry Sets 6G Roadmap as 5G Gains Steam
When the NAE in Lagos, Nigeria, put on a webinar called “Emerging knowledge and development on the internet of things,” the people who spoke were from Lagos, Nigeria.
Opeyemi Olaniran, the Principal Partner at Defax Consulting Services Ltd, led the call and said that IoT is still in its infancy in developing countries. As Nigeria moves to boost its non-oil exports, it needs to think about how to use technologies like IoT across different industries.
He said that technology would play a big part in building a country, and he called for regulation, industry, the public sector, academia, and the startup community to work together to achieve the country’s goals.
According to him, the best way to start using IoTs is to securely connect devices and assets that already exist, use services and the cloud to get things going, combine the data, and come up with new insights to make new business value.
He said that the Internet of Things can be used in many different ways, but that it is especially useful in agriculture because a report says that one-third of the food that is made for humans is lost or wasted. This amounts to about 1.3 billion tonnes of food every year.
A few other examples of IoT use cases that he mentioned are connected health devices for people who need to stay healthy; smart homes and cities; smart transportation and public safety; energy monitoring; telemedicine; contactless payments; smart lighting; and smart oil pipelines.
Software engineers, cloud computing engineers, data scientists, data analytics, and visualization are some of the new jobs that can be found in this field, he said. He also said that the sensor industry will grow rapidly. Read also; How to improve your digital front door with WebOps
Gaining insight and agility, becoming more competitive, and changing customer service are all things that IoTs can help you do. Industrial IoT reduces waste and increases efficiency. IOT will play an important role in sustainability, decarbonization, air quality, energy management, responsible use of natural resources, emission monitoring, and flood warning systems, among other things. Olaniran said that when IoT is used with other technologies, like AI and ML, it can be even more powerful.
To him, as more IoT connections are made, more and more data will be collected. He thinks this will happen in industrial, climate, security, and safety use cases.
“5G will help even more people use the Internet of Things, speed, latency, and more bandwidth.” He said that the Internet of Things is all about having a wide range of sensors that can be used to measure everything that is going on, from temperature and weight to vibration and sound. “No sensors, no IoT,” he said.
MTN South Africa’s Senior Manager, Ayedime Amadi, talked about the rollout of the new 5G network and said that the biggest problems are investing in a lot of new infrastructures and making the network more modern.
Look at the Telecoms that we have today. Some of the investments they made in 2G need to be made again so that 4G can work. But the spectrum for 5G is different, and you also need to make investments in modernizing your networks in terms of more software-based investments rather than appliances for speed and agility, which are important for speed and speed. The disposable income of people will have to be taken into account when 5G is fully implemented. Other market ideas will also have to be taken into account.
Alex Ogedebe, the president of the academy, and Ernest Ndukwe, the chairman of the NAE’s Information Communication Technology (ICT) committee both said that the ICT industry is moving at a breakneck speed around the world and that it is important for members to stay up to date on new trends in the field.