Internet of Things (IoT) – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 28 Nov 2024 09:10:59 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Internet of Things (IoT) – Tech | Business | Economy https://techeconomy.ng 32 32 MTN Partners China Telecom, Huawei to Advance Digital Infrastructure in SA https://techeconomy.ng/mtn-partners-china-telecom-huawei-to-advance-digital-infrastructure-in-sa/ https://techeconomy.ng/mtn-partners-china-telecom-huawei-to-advance-digital-infrastructure-in-sa/#respond Thu, 28 Nov 2024 09:10:59 +0000 https://techeconomy.ng/?p=148456 MTN South Africa has partnered with China Telecom and Huawei to enhance the development of emerging technologies, including 5G, cloud services, artificial intelligence (AI), and the Internet of Things (IoT). 

The collaboration will boost digital growth and connectivity across the African continent.

The partnership combines China Telecom’s global expertise in network solutions, MTN’s wide reach in the African market, and Huawei’s cutting-edge technological specialisation to drive digital infrastructure development in South Africa and beyond.

Speaking on the partnership, Kai Chen, executive vice president of China Telecom Global, said: “This partnership aims to empower the African market with robust connectivity and innovative solutions, fostering sustainable economic growth,” he said.

For MTN South Africa, the collaboration holds huge promise for businesses and industries reliant on advanced network services. 

According to Tumi Sekhukhune-Chamayou, MTN’s chief enterprise business officer, improved connectivity will bring forth opportunities in sectors such as smart mining and industrial applications. These advancements are expected to stimulate digital transformation in key economic areas, boosting efficiency and innovation.

The partnership also aligns with MTN’s growth strategy to expand its offerings in ICT and business solutions while maintaining its position as a leader in South Africa’s telecommunications industry. “Joining forces with these technology giants enables us to deliver advanced, diversified services to individuals and enterprises in a rapidly evolving digital landscape,” Sekhukhune-Chamayou stated.

South Africa is continuously embracing modern technologies and this initiative will help provide the country with the tools needed for a digitally inclusive future. 

Enhanced access to IoT, AI, and other transformative technologies is expected to benefit businesses and consumers alike, ensuring improved connectivity and economic development.

Through this collaboration, MTN aims to address the challenges of affordability and accessibility that have historically hindered digital adoption.

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Gas is Nigeria’s Logical Transition Fuel, Says Seplat Energy https://techeconomy.ng/gas-is-nigerias-logical-transition-fuel-says-seplat-energy/ https://techeconomy.ng/gas-is-nigerias-logical-transition-fuel-says-seplat-energy/#respond Wed, 06 Mar 2024 06:04:08 +0000 https://techeconomy.ng/?p=126592 Making a case for gas development in Nigeria, Seplat Energy Plc, a leading Nigerian independent energy company, has said gas development is a clear solution to Nigeria’s immediate problems and remains a longer-term transition fuel.

Mr. Effiong Okon, the director of New Energy at Seplat Energy, said this whilst delivering a Keynote during the Gas Stakeholders Conversation panel session at the 2024 Nigeria International Energy Summit (NIES) held in Abuja.

“Increasing the supply of reliable, affordable, and sustainable energy is Nigeria’s greatest challenge; but gas is the logical transition fuel we need to realize this,” Okon said.

He linked gas development to power, Liquefied Natural Gas (LNG) export, Compressed Natural Gas (CNG) production, fertilizer production, Liquefied Petroleum Gas (LPG) production, and building materials production, among others.

He added:

“Today we have acute housing and infrastructure shortage, but no commercially viable substitute for the production of building materials e.g. cement, glass, steel; about 90,000 deaths per year due to biomass cooking; and rising population presents an urgent need to improve agricultural production. We can fund all of the above with gas. “We can also reduce reliance on petrol, increase and decarbonize domestic transport fuel if we leverage on gas. Of course, these would in turn strengthen our focus on sustainability.”

According to the IEA Global Energy Outlook 2022, natural gas production in Africa is expected to grow by 15 percent between 2020 and 2030, driven mainly by new projects in Egypt, Nigeria, and Mozambique.

Okon stressed that the Nigerian energy industry must focus on end-to-end solutions to unlock the full value of Nigeria’s gas, noting that exploration, production, gas processing, and delivery of gas to the last mile remain germane to maximizing the dividends of the resource.

For a sustainable gas development program in Nigeria, the Seplat New Energy Director emphasized the need for bankability and access to low-cost capital; use of technology, Internet of Things (IoT), and smart metering to reduce Aggregate Technical Commercial and Collection (ATC&C) losses; and technology-enabled revenue delivery opportunities to aid fund collection.

At the NIES 2024 Award Ceremony, Seplat Energy won the coveted award of the Gas Infrastructure Project of the Year. The award was received by Mr. Okon on behalf of the management and staff of the Company.

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Five Tech Innovations That Are Transforming the Agriculture Industry https://techeconomy.ng/five-tech-innovations-that-are-transforming-the-agriculture-industry/ https://techeconomy.ng/five-tech-innovations-that-are-transforming-the-agriculture-industry/#comments Thu, 18 May 2023 07:56:16 +0000 https://techeconomy.ng/?p=102253 The agriculture industry has seen a remarkable transformation in recent years, thanks to advancements in technology. 

These innovations have revolutionized farming practices, improved efficiency, and increased productivity. Exploring five tech innovations that are reshaping the agriculture industry and driving its growth, let’s dive into how these technologies are making a difference:

1. Precision Agriculture

Precision agriculture is a game-changer for farmers. This technology utilizes sensors, drones, and satellite imagery to collect real-time data about soil conditions, moisture levels, crop health, and more. Farmers can then analyze this data to make informed decisions about irrigation, fertilizer application, and pest control. By precisely targeting resources, farmers can optimize yields, reduce waste, and minimize environmental impact.

2. Internet of Things (IoT) and Sensors

IoT and sensor technologies are transforming the way farms operate. Sensors embedded in equipment, livestock, and crops can collect data on temperature, humidity, growth rates, and animal behavior. This data is then transmitted wirelessly, allowing farmers to monitor and manage their operations remotely. IoT-enabled devices also enable automated systems for irrigation, feeding, and climate control, enhancing efficiency and reducing manual labor.

3. Agricultural Robotics

Robotic systems are revolutionizing labor-intensive tasks in agriculture. Autonomous robots can perform activities such as planting, harvesting, and weeding with precision and efficiency. These robots are equipped with advanced imaging systems and machine learning algorithms to identify and handle crops with care. By automating repetitive and physically demanding tasks, agricultural robots help reduce labor costs and increase productivity.

4. Vertical Farming and Indoor Agriculture

Vertical farming and indoor agriculture technologies are transforming traditional farming practices. By utilizing vertical stackable structures, hydroponic systems, and LED lighting, farmers can grow crops in controlled indoor environments. This approach eliminates the need for large land areas and reduces dependency on external factors such as weather conditions. Vertical farming enables year-round production, maximizes space utilization, conserves water, and minimizes the use of pesticides.

5. Big Data and Analytics

The availability of vast amounts of agricultural data has opened up new possibilities for farmers. Big data analytics can process large datasets to uncover valuable insights and patterns. Farmers can utilize this information to optimize crop management, predict yield outcomes, and make informed decisions about resource allocation. By harnessing the power of data analytics, farmers can enhance productivity, mitigate risks, and drive sustainable practices.

These five tech innovations are revolutionizing the agriculture industry and paving the way for a more sustainable and efficient future. 

As technology continues to evolve, we can expect further advancements that will shape the way we produce food, improve resource management, and address the challenges of feeding a growing global population. 

By embracing these innovations, farmers can unlock new opportunities, drive profitability, and contribute to a more sustainable and resilient agriculture sector.

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Real Estate Revolution: PropTech Leads the Way  https://techeconomy.ng/real-estate-revolution-proptech-leads-the-way/ https://techeconomy.ng/real-estate-revolution-proptech-leads-the-way/#respond Mon, 27 Feb 2023 08:20:10 +0000 https://techeconomy.ng/?p=96650 The real estate industry is undergoing a revolution, with new technologies transforming the way we buy, sell, and invest in property. 

From virtual reality to artificial intelligence, cloud-based storage, automated analytics, AI-driven property management, data-driven insights and virtual tours, the Real Estate industry is adopting innovative technologies that are revolutionizing the way we view, interact, and transact with our properties. 

With these advancements, the Real Estate industry is poised to become more efficient, cost-effective, and customer-centric than ever before. Join us as we explore the technologies that are making this revolutionary change possible.

In this new era of real estate, technologies like artificial intelligence, the Internet of Things (IoT), machine learning, and blockchain are all playing a part in transforming the industry. With these tools, agents, brokers, and investors can complete processes faster, make smarter decisions, and reduce overhead costs.

Real Estate Revolution: PropTech Leads the Way
Artificial intelligence

To start, artificial intelligence (AI) is making it easier for real estate agents and brokers to manage multiple properties. AI-enabled applications are helping agents and brokers identify potential buyers and sellers, as well as generate leads and analyze the market. AI can also be used to automate the property management process, helping agents and brokers reduce paperwork and streamline operations.

Real Estate Revolution: PropTech Leads the Way
IoT: Smart home, operating system concept of future

The Internet of Things (IoT) is also making an impact on the real estate industry. IoT-enabled devices are being used to improve the efficiency of building management systems, monitor energy use, and detect problems before they become major issues. IoT is also making it easier to manage remote properties, as well as to monitor tenant activity.

Real Estate Revolution: PropTech Leads the Way
Machine Learning

In addition to AI and IoT, machine learning is equally having an impact on the real estate industry. Machine learning algorithms can be used to analyze large datasets and make better decisions on behalf of agents and brokers. For instance, machine learning algorithms can be used to identify patterns in the market and suggest effective strategies for pricing and marketing.

Real Estate Revolution: PropTech Leads the Way
Blockchain

Finally, blockchain is also making its mark on the real estate industry. Blockchain technology is enabling the secure transfer of data and the secure storage of documents, making it easier and safer to manage records. It is also making it possible to create smart contracts, helping agents and brokers streamline the process of renting or selling a property.

The real estate revolution is transforming the industry and making it more efficient and profitable. New technologies like AI, IoT, machine learning, and blockchain are all helping to make the process of managing real estate more efficient and secure. It is an exciting time for the industry and those who are investing in it.

Ultimately, these technologies are creating a more efficient, streamlined real-estate industry that is benefiting both buyers and sellers.

By leveraging data-driven insights, they are making the entire process more cost-effective. Moreover, they are also providing new opportunities for investors to tap into lucrative markets.

As a result, real estate is poised to become an even more valuable asset in the future. Professionals in the industry must stay abreast of the latest developments in order to make the most of this revolution.

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