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The Transformational Power of AI Adoption in Business | Africa Links 24 News

The Transformational Power of AI Adoption in Business | Africa Links 24 News

Rédaction Africa Links 24 with Guardian Nigeria
Published on 2024-03-21 05:10:00

Artificial intelligence (AI) has become a crucial aspect for businesses and individuals in today’s world. Deji Lana, the Chief Technology Officer & Co-Founder of SeamlessHR, sheds light on how AI can revolutionize various sectors in an interview with ADEYEMI ADEPETUN.

AI, an abbreviation for Artificial Intelligence, represents the integration of human cognitive and reasoning abilities into machines for decision-making purposes. Although AI is not a new technology, it has witnessed significant advancements over the past decade, driven by the availability of data, computational power, and technological infrastructure. This has led to the development of multiple applications and innovations in various industries.

Nigeria and Africa, in general, have historically lagged behind in technological innovations due to economic, political, and historical factors. However, the rapid advancement of AI poses both opportunities and challenges for the continent. Infrastructure constraints, such as limited access to electricity and the internet, still hinder the widespread adoption of AI in Africa. Additionally, the reliance on foreign data sources limits the continent’s ability to contribute to the AI revolution as innovators rather than mere consumers.

Generative AI, a subset of AI, leverages unsupervised learning to create large language models that can generate text, images, videos, and more. These models, such as Chat GPT, have a wide range of applications, including language translation and content generation. Generative AI holds great potential for enhancing communication and productivity across various sectors.

The integration of AI and technology presents a solution to many of the challenges faced by businesses in Nigeria, particularly in light of the current economic situation and forex scarcity. AI can drive efficiency and cost savings in sectors like agriculture, finance, insurance, and education. By leveraging AI-powered solutions, businesses can streamline operations, optimize decision-making processes, and increase profitability in the long run.

One of the primary challenges to AI adoption in Nigeria is the lack of awareness and education about the technology. Misconceptions about AI, such as job displacement and privacy concerns, often deter its uptake among the public. Addressing these misconceptions through education and regulatory frameworks, such as the Nigeria Data Protection Regulation (NDPR) and General Data Protection Regulation (GDPR), is essential to fostering trust and promoting the responsible use of AI.

Contrary to popular belief, AI is not inherently a threat to jobs but rather a tool that can enhance human capabilities. By embracing AI and upskilling to harness its potential, individuals can become more intelligent and efficient in their roles. Organizations like SeamlessHR are integrating AI into their operations to improve productivity and decision-making across various departments. Although the legislative regulation of AI in Nigeria is premature, policymakers should proactively engage with the technology to shape its ethical and responsible use.

In conclusion, the transformative power of AI offers a glimpse into a future where innovation and efficiency go hand in hand. As Nigeria and Africa navigate the challenges and opportunities presented by AI, a concerted effort to educate, regulate, and innovate will be key to maximizing the benefits of this groundbreaking technology.

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