Sunday 24th September, 2017
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FG harps on digital economy as potential for SMEs growth

FG harps on digital economy as potential for SMEs growth

The Federal Govern­ment has restated its commitment to sup­port stakeholders in the Infor­mation and Communication Technology sector to cre­ate and strengthen a nation­al data ecosystem for sustain­able economic development, stressing that digital econo­my holds huge potential for entrepreneurs and Small and Medium Enterprises (SMEs).
 
This was revealed by the Minister of Communica­tions, Barr. Adebayo Shittu, at a news conference in Abuja to mark the World Telecom­munication and Information Society Day.
 
He noted that this year’s theme: “Big Data, for Big Im­pact’’ is an umbrella term for large amounts of digital data continually generated from various devices used by the global population in solving complex tasks aimed at ex­ploring imperfect, unstruc­tured data into actionable in­formation.
 
According to Shittu, data analysis is capable of comple­menting the evidence-based nature of decision-making that could be leveraged at lo­cal, national, regional and in­ternational levels and helps drive success towards attain­ing all 17 of the United Na­tions’ Sustainable Develop­ment Goals (SDGs) by 2030.
 
Shittu explained that gen­erated data will be used in in­novative ways to increase the value of data as the ministry would encourage cross-sector, cross-agency and cross bor­der data collaboration by de­veloping unified standards for emerging data sources adding that efforts are in place to es­tablish a data-driven deci­sion making, service and op­erational efficiency culture by developing national policies and data strategies to promote open data and Big Data ana­lytics to enhance data trans­parency and utility.

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