Author: ITPulse

By Ope Adeoye You have a shop in the neighbourhood or market, selling things like milk, noodles, sugar, etc. Now imagine that your plug for Nestle, Unilever or Flours Mill of Nigeria (FMN) products provides you with a special bank account. “That’s absurd, why?” You say. Let’s take a step back a little This distributor has probably done business with you for five, ten years or more, knows your business, your purchase, sales and payment patterns, and can in fact, offer financial services better suited to your business. This is because they know more about you than perhaps the big-name…

The National Information Technology Development Agency (NITDA), yesterday in Lagos engaged Software and Innovation ecosystem stakeholders in a bid to come up with a collective solution to address the challenges hindering the growth of the tech ecosystem, especially the software sector. Based on the interaction and information available, ITPulse has decided to highlight the below points as the key take away from the engagement, organised through the Office for Nigerian Digital Innovation (ONDI). NITDA admitted there are challenges in the country’s tech innovation ecosystem and wants the inputs of the private sector players to address them. NITDA believes the tech…

Private networks can play an important role in the connectivity solutions for higher education institutions as data demands—and stress on networks—grow. Universities are hotbeds for ideas and innovation—and also have a nearly insatiable need for connectivity. From labs to classroom A/V equipment, student cell phone coverage to sports arenas, there are a growing host of demands on the networks of these facilities. Universities have many different IT needs and have to take a holistic view of connectivity, in order to deliver a seamless performance on both public and private networks. Fixed connections and Wi-Fi alone won’t be enough to meet…

We are in the age of technology today where different types of tools are being introduced. Tools are objects, instruments, and software that can help extend each individual’s ability to make changes to the workplace, tasks, or projects. Through the use of tools, a person can perform more efficient and productive work compared to those who have none. Aside from that, it helps save the time, energy, and money of workers as well as the company. There is a wide range of tools that are truly helpful for remote workers. Nowadays, when we are time-conscious, we don’t want to wait…

By Barbara Gjurasin As customer demand for richer engagement with brands continues to grow, it is becoming crucially important for banks to be where their customers are, ensuring that they are more accessible, diligent and responsive to ever-evolving customer needs. The increasing customer shift to online banking has spurred the need for banks to digitally transform and remain innovative to maintain a competitive edge. According to Statista, Nigeria had 73.2 million active bank customers in 2019, with a growth rate of around 10 million per year. Currently, it is estimated that the country has about 100 million active banking customers.…

Data presented by FinancePR has indicated that market capitalization for Metaverse has hit $26 billion since debuting in 2020.  According to the data, the sector moved over $4 billion in 24 hours, growing its market share by 5.15 percent with a projection that it will grow at a CAGR of 41.7 percent between 2021 and 2030. “The Metaverse has moved from being an abstract and niche concept into the physical world we live in. Virtual socializing platforms are increasingly gaining popularity driven by demand for digital ownership and simulated experiences,” comments Financepr.com’s Edith Reads. The top 3 Metaverse tokens, according…

The Chief Executive Officer of deVere Group, Nigel Green has predicted that Blockchain is set to irreversibly shake up the global payments system faster, cheaper, greener and safer.  The prediction from the CEO of one of the world’s largest financial advisory, asset management and fintech organisations, is coming following the growing adoption of cryptocurrencies like Bitcoin and a flurry of global financial innovation as central banks around the world push to develop their own digital currencies (CBDCs). “Bitcoin and other cryptocurrencies are reaching the point of critical mass, the moment at which a new way of doing things crosses a…

The government of Bayelsa State, South-South Nigeria has entered into a strategic partnership with Zipline, a logistic service provider to accelerate the movement of health equipment across the state leveraging its unmanned aerial vehicles. Announcing this, the Governor of Bayelsa State, Douye Diri said the partnership aimed at leveraging Zipline’s drone technology to deliver essential medicines, blood and other medical commodities to health facilities within the state. The Governor disclosed that Zipline will establish a distribution hub in Bayelsa State for the introduction, operation, and maintenance of a just-in-time instant logistics solutions to ensure that essential drugs, blood and a…

The surge in generative AI, especially Large Language Models has transformed industries by enhancing machines to understand and generate human-like text. Leading this transformation is Glory Ikeke, a Senior Data Scientist with 5 years of experience in the field. Her work in scaling large language models for production environments  showcases the complex balance between innovation and practicality, making her a thought leader in generative AI deployment. Scaling Large Language Models in production is no small feat. While the capabilities of models like GPT-4, Gemini and similar frameworks are well-known, bringing these models to production entails beyond theoretical knowledge of AI…

As verification becomes critical business for businesses across the world, a new study from Juniper Research has found that revenue for digital identity vendors will exceed $53 billion globally in 2026; doubling from $26 billion in 2021. According to the research, tagged ‘Digital Identity: Key Opportunities, Regulatory Landscape & Market Forecasts 2022-2026’,  verification spend will exceed $16 billion in 2026, from $9 billion in 2021. This is as a result of reflection of people migrating to digital channels, the need to verify identity digitally. As fraudsters exploit opportunities, verification capabilities will proliferate to wider industries and use cases than ever…