Adetokunbo Ajibola, Nigeria’s Certified Data Management Professional, and the founder of Berkeley Data Strategists, has said the digital economy concept requires efficient data management to realise its full potential, as it is the backbone of any digital transformation of the 2030 agenda for Sustainable Development Goal (SDG).
Ajibola, while explaining the concept of the digital economy to stakeholders, especially as Nigeria’s push towards a digital economy, said it is sustainable to use data management as it also plays a crucial role in its success.
According to him, to build a robust digital economy, Nigeria needs a strong foundation of digital infrastructure. Data management ensures that the necessary hardware and software are in place to support digital services and transactions.
However, effective data management can help bridge the digital divide by ensuring that digital services are accessible to all citizens, regardless of their location or socioeconomic status. This inclusivity is key to maximising the benefits of a digital economy.
Data management enables the efficient functioning of e-government services, making it easier for citizens to access public services online. This not only improves convenience but also enhances transparency and reduces bureaucratic bottlenecks.
He said in a digital economy, data is a goldmine for businesses. Proper data management allows companies to analyze consumer behaviour, market trends, and other relevant information, fostering innovation and informed decision-making.
As the digital landscape expands, so do cybersecurity threats. Effective data management includes robust security measures to protect sensitive information, safeguarding both individual privacy and national security.
Financial Inclusion: Data management is instrumental in developing and maintaining secure digital financial systems. This is particularly important in a country like Nigeria, where promoting financial inclusion can significantly impact economic growth.
Skills Development: A digital economy requires a workforce with the necessary skills. Data management plays a role in facilitating education and training programs to equip individuals with the skills needed for the digital era.
International Collaboration: With proper data management practices in place, Nigeria can actively participate in the global digital economy. This involves collaborating with international partners, sharing data securely, and staying aligned with global standards.
In summary, the success of Nigeria’s digital economy is intricately tied to how well it manages and leverages data. A strategic and responsible approach to data management can propel the country forward in the digital era, fostering economic growth and improving the overall quality of life for its citizens.