AKEEB ISMAIL – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Mon, 05 May 2025 08:10:36 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png AKEEB ISMAIL – Tech | Business | Economy https://techeconomy.ng 32 32 Interswitch Champions Healthcare Innovation at the 2025 HFN Conference https://techeconomy.ng/interswitch-champions-healthcare-innovation/ https://techeconomy.ng/interswitch-champions-healthcare-innovation/#respond Mon, 03 Mar 2025 21:07:36 +0000 https://techeconomy.ng/?p=154040 Interswitch Group has reaffirmed its commitment to driving innovation in healthcare through its sponsorship of the 2025 edition of the Healthcare Federation of Nigeria (HFN) Annual Conference.

The event, themed “Expanding Access to Quality Healthcare: Transforming Nigeria through Innovation, Partnership, and Sustainability,” took place on February 27th and 28th, at the Oriental Hotel in Lagos, bringing together key stakeholders across the healthcare value chain, including policymakers, industry leaders, healthcare professionals, and technology innovators.

The event served as a platform for discussions on digital transformation in healthcare financing, the role of technology in improving service delivery, and strategic partnerships aimed at facilitating sustainable growth within the industry.

As a key player in digital payments, Interswitch showcased its suite of innovative healthcare solutions, including eClinic, its electronic medical record suite and health insurance management systems. The company also demonstrated its secure and reliable digital payment platforms, designed to help healthcare providers streamline revenue collection, enhance service delivery, and improve access to quality care.

Babajide Oyeduntan, vice president, Business Development and Sales, Interswitch eClat, reiterated the company’s unwavering commitment to leveraging technology to advance healthcare operations in Nigeria.

“At Interswitch, we recognize the transformative power of technology in driving efficiency across systems and organizations. While we have successfully used technology to deliver seamless payment solutions, we are now extending our expertise to other sectors, including healthcare, to enhance productivity, sustainability, and profitability.

Our healthcare solutions are designed to empower providers by simplifying the adoption of technology, improving patient management, and enabling sustainable growth. As a trusted partner in delivering innovative technology solutions, we have a growing portfolio of satisfied customers who have experienced increased productivity through our platforms. We are thrilled to participate in this forum to share our solutions and collaborate with other stakeholders to drive the future of healthcare in Nigeria,” Oyeduntan said.

Beyond its sponsorship of the HFN Conference, Interswitch has a track record of driving digital transformation in Nigeria’s healthcare sector.

Notably, its recent partnership with the Lagos State Government led to the development of the Lagos Smart Health Information Platform (Lagos SHIP).

The initiative, aimed at digitising healthcare services in Lagos State, highlights Interswitch’s broader commitment to leveraging technology to tackle inefficiencies across essential industries like healthcare.

By integrating digital solutions into healthcare administration and payments, Interswitch continues to enhance service delivery, improve patient experiences, and drive financial sustainability, reinforcing its role as a catalyst for innovation in Nigeria’s healthcare sector.

Through continued sponsorship and active participation in key industry events like the HFN Conference, Interswitch remains at the forefront of championing digital adoption in healthcare, driving financial inclusion, and fostering an ecosystem where technology empowers healthcare providers and patients alike.

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The Evolution of Large Language Models – Challenges and Opportunities https://techeconomy.ng/the-evolution-of-large-language-models/ https://techeconomy.ng/the-evolution-of-large-language-models/#respond Sat, 22 Feb 2025 06:46:19 +0000 https://techeconomy.ng/?p=153615 The evolution of large language models (LLMs) is one of the most intriguing advancements in computing.

From their humble origins as statistical tools trained on tiny corpora to the multi-billion parameter systems we use today, they have radically changed how we approach automation and problem solving.

What’s even more intriguing is how their growth reflects the larger story of technology: fast innovation mixed with unexpected hurdles.

As someone who has investigated both their technical foundations and real-world applications, the potential of these models is as fascinating as the problems they pose.

It’s easy to marvel at their sheer capabilities—predictive text, conversational bots, code generation—but this is only one aspect of the story.

The key question is whether these systems help to increase human productivity or just transfer complexity from one domain to another. Their efficacy is based on their training data.

The richer and more diverse the dataset, the better the models do in replicating human-like thinking. However, this dependency raises a basic question: how can we assure that data is representative, unbiased, and ethically sourced?

These problems are not abstract. I’ve witnessed firsthand how the intricacies of data curation directly impact model outputs, making it a challenging task that demands ongoing monitoring.

Another facet of their growth is their architecture. Transformer models, the foundation of current large language models, were innovative.

They added attention mechanisms that enable models to contextually assess the value of words, resulting in coherent and context-aware sentences.

This represented a significant improvement above previous sequence models. However, while technological growth is obvious, it has not come without consequences.

The cost of training these models is staggering—both monetarily and environmentally. Building a 175-billion-parameter model consumes vast amounts of energy, which raises ethical concerns about future growth.

Industries have already used LLMs, with varied degrees of effectiveness. The healthcare, legal, and customer service industries are incorporating these technologies into workflows to automate mundane operations and improve decision-making processes. However, deployment is rarely smooth.

Large models are not plug-and-play solutions; they require an ecosystem of strong data pipelines, continuous fine-tuning, and scalable infrastructure to perform successfully.

I’ve seen examples where a great model was limited by inadequate integration. It’s a sobering reminder that the model is merely one component of a broader jigsaw.

What interests me the most is how large language models are being applied creatively. Their capacity to produce human-like material has uses that extend well beyond traditional industries.

They are used by researchers to replicate chemical structures, artists to create generative art, and educators to test them as instructors. Each use case presents fresh opportunities and problems.

For example, although an artist may welcome the co-creation process, a journalist may be concerned about how easy these systems may generate falsehoods. The dichotomy of opportunity and danger exists at all times.

Critics frequently concentrate on the models’ shortcomings, and rightly so. One constant issue is their lack of genuine comprehension. An LLM can produce language that seems knowledgeable but is not grounded in fact.

This condition, known as “hallucination,” is more than a quirk; it is a liability, particularly in high-stakes situations.

Addressing this needs systems that can justify their logic and provide verified sources. Building these levels of responsibility into the workflow is where I see opportunities for improvement. Without it, faith in LLMs will diminish over time.

The Future of Large Language Models

This also brings the issue of accessibility into foreground. Companies with vast means may afford to train and install these huge systems, but smaller enterprises are frequently left behind.

Open-source efforts such as GPT-J and BLOOM seek to democratize access, but they still require large computing resources to be implemented successfully.

The task is not only to reduce entrance barriers, but also to ensure that those who do enter can utilize these technologies ethically and successfully.

One development that I believe is particularly interesting is the push toward task-specific models. Instead of bigger, more generalist systems, some businesses choose smaller, fine-tuned models tailored to specific purposes.

These systems are not only inexpensive to train and install, but they frequently outperform bigger versions in specialized tasks. It is a paradigm that promotes efficiency above scalability, and it appears to be a step toward a more sustainable future for artificial intelligence.

Human-LLM collaboration is yet an unexplored field. The idea is not to replace human labour, but to supplement it. The greatest results are achieved when users understand the system’s capabilities and limits, whether they are creating code, analyzing data, or generating reports.

This necessitates a transformation in how we view these tools—not as oracles, but as partners. When examined via this lens, the emphasis moves from what LLMs can accomplish on their own to how they might be incorporated into processes to provide meaningful outcomes.

As someone who has worked with systems that process and analyze large datasets, I see parallels between the history of large language models and the difficulty of developing scalable data solutions. Both necessitate careful planning of architecture, resource allocation, and end-user requirements.

And, like with any complex system, their success is determined by their ability to adapt to changing situations. This flexibility is where the true potential resides.

The development of massive language models is far from completed. What we’ve seen thus far is only the beginning, and the road ahead will likely deliver breakthroughs that are as unexpected as they are significant.

However, when we develop new systems, it is important to consider not only what they can achieve, but also how they fit into the larger fabric of technology and society.

Are they used to solve specific issues, or do they become the problems themselves? The solution is contingent on how responsibly we approach their design, implementation, and governance.

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Meet Akeeb Ismail

Akeeb Ismail is a senior software engineer, data engineer, and AI/ML specialist with experience in fintech, real estate, and market intelligence. He has worked at Startup Studio, Freemedigital, Okra Technologies (now Nebula), Moni Africa (now RankCapital), and MonthlyNG, building enterprise software and financial solutions. 

He currently works at Kimoyo Insights, leveraging AI to provide market intelligence for consumer goods businesses.

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Fundfrica Targets Continent’s $2.5bn Crowdfunding Market https://techeconomy.ng/fundfrica-targets-continents-2-5bn-crowdfunding-market/ https://techeconomy.ng/fundfrica-targets-continents-2-5bn-crowdfunding-market/#respond Wed, 15 Mar 2023 08:01:03 +0000 https://techeconomy.ng/?p=158016 Fundfrica, a new Nigerian fintech venture, has launched to redefine social crowdfunding across Africa, offering a secure platform for NGOs, startups, and verified individuals to raise funds for emergencies, healthcare, and community-driven causes.

Founded by Akeeb Ismail, Ismail Adeoye, and Adeyemi Qudus, the startup aims to bridge the continent’s $2.5 billion crowdfunding gap by 2025, leveraging real-time transparency to combat fraud and rebuild donor trust.

With 615 million Africans lacking health insurance and many relying on fragmented financial solutions, Fundfrica addresses systemic challenges through its dual revenue model: a 5% service fee on campaigns and optional donor tips.

The platform’s infrastructure, designed to scale across Africa’s diverse regulatory environments, already partners with hospitals and healthcare providers to streamline medical fundraising.

Akeeb Ismail, Fundfrica’s co-founder and Senior Software Engineer with experience at Okra and Youverify, underscores the urgency:

“In Africa, financial exclusion isn’t just a statistic. it’s life or death. We’re bridging that gap by ensuring every donor’s contribution directly saves lives.”

Reflecting on the platform’s architecture, he adds,

“Transparency is coded into our DNA. Donors see exactly where their funds go, down to the penny, in real time.”

On growth, Akeeb notes, “We’re profitable from day one because the demand is overwhelming. This isn’t charity but it’s a sustainable solution to a systemic crisis.”

Co-founder Ismail Adeoye, a technical lead behind initiatives like DevCareer and Zinisoft, emphasizes adaptability:

“Africa’s diversity is its strength. Whether in Lagos or Nairobi, Fundfrica’s model evolves to meet local needs while maintaining global standards of accountability.”

Adeyemi Qudus, co-founder and Senior DevOps Engineer, played a strategic role in building Fundfrica’s secure backend.

“This platform isn’t just code—it’s a promise,” he says. “We’ve engineered safeguards to prevent fraud and scale seamlessly, ensuring no one is left behind due to technical limitations.”

Fundfrica is raising $200,000 at a $2 million valuation to expand its team, enhance compliance frameworks, and accelerate marketing efforts.

The founders project capturing a $475 million share of Africa’s crowdfunding market by 2025, with plans to enter five new African markets by 2024.

“We’re not just entering markets—we’re creating ecosystems,” says Akeeb Ismail. “By 2024, we aim to be the continent’s go-to platform for turning financial exclusion into collective opportunity.”

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