InnovateAI Lagos 2024 is expected to be held on February 23 and 24, 2023 at the Landmark Event Center, Victoria Island, and will be a convergence of over 1,000 professionals, researchers, entrepreneurs, investors, thought leaders, enterprise businesses, and regulators, all united by a passion for AI and its potential to revolutionise the society.
The conference, hosted by AI in Nigeria is set to be a pivotal event in the Nigerian artificial intelligence industry and is themed: “Adapting AI For Nigeria: Crafting Intelligent Solutions For Our Unique Landscape”.
The event will explore the transformative power of AI in addressing the unique challenges and opportunities within the Nigerian context. According to a statement by the organizer, InnovateAI Lagos 2024 presents unique opportunities to connect, collaborate and contribute to shaping AI’s future in Nigeria and beyond.
“Participants at the InnovateAI Lagos 2024 would gain insights from pioneers like Rodger Werkhoven, Creative Director, OpenAI (ChatGPT), who was pivotal to creating DALL-E and the creative elements of ChatGPT; showcase your AI-based products to consumers of AI technology and forge valuable relationships and collaborations; learn about the evolving AI landscape in Nigeria – regulation, ethics, safety and responsible deployment of AI; access to a pool of AI software developers who will develop sustainable AI-based solutions to sectoral challenges in education, agriculture, financial services, regulation and compliance, financial services and health and serves as a unique platform to showcase your products and services to a targeted audience, engage with key stakeholders and gain visibility in this rapidly evolving sector,” assured Dotun Adeoye, one of the co-conveners.
He explained that InnovateAI Lagos 2024 is more than just a conference. “It is a catalyst to eliminate silos in the Nigerian AI ecosystem as well as imbibing best practices from local and global thought leaders,” he added.
Also commenting, another partner, Ehia Erhaboh added, “We aim to localise AI advancement for Nigeria, ensure this 4th industrial revolution and general purpose technology for local challenges. InnovateAI Lagos 2024 will showcase how AI can effectively address our unique challenges.”
Our partners and sponsors, including leading tech firms and academic institutions, have echoed these sentiments. A spokesperson from one of our major sponsors stated, “We are proud to support an event that not only highlights technological advancements but also focuses on practical solutions for Nigeria’s diverse economy.”
It should be noted that Nigeria’s AI market is burgeoning, with significant growth potential. According to a recent study, the AI sector in Nigeria is expected to witness a compound annual growth rate of over 30 percent in the next five years. This growth is driven by increasing healthcare, agriculture, finance, and education adoption.
In healthcare, AI is poised to revolutionise patient care and diagnostics. AI-driven solutions are expected to enhance crop yield predictions and pest control in agriculture, which is vital for a country where agriculture constitutes a significant part of the economy.
In the financial sector, AI is transforming customer service and fraud detection, while in education, it’s creating personalised learning experiences.
Regarding the current State-of-Play and AI benefits, it should be noted that with its diverse and dynamic economy, Nigeria faces unique challenges that AI can address effectively. From tackling infrastructural deficits to enhancing public services, AI offers innovative solutions.
For instance, AI can be crucial in managing urbanisation challenges in cities like Lagos, improving traffic management and waste disposal systems.
Moreover, AI’s potential in addressing issues like financial inclusion is immense. With a significant portion of Nigeria’s population, unbanked AI-driven financial technologies can provide accessible financial services, fostering economic growth and inclusion.