Author: ITPulse

Olukayode Kolawole The future of e-commerce is both exhilarating and daunting for players in the sector, depending on how receptive they are to the dynamic nature of the sector. With the current outlook for 2020, the market is growing rapidly and there are changes that will help businesses grow while there are also new challenges that some businesses may possibly not keep up with. However, despite these challenges, there are definitely opportunities to look out for. For instance, according to Statista, the global e-commerce retail revenues are projected to grow to $6.54 trillion by 2023 as against the 2019 worldwide…

Globaldata, a technology and professional services company has identified 5G, digital brands and cryptocurrencies as the top trends that will shape consumer services in 2020. “Last year, GlobalData successfully predicted the crisis in 5G B2C commercial use cases, a new class of direct-to-consumer (D2C) content plays and the emergence of ‘raw broadband’ portfolios, allowing users to plug their own over-the-top (OTT) content into an over-arching carrier content management platform. Our predictions for 2020 once again underline the evolution of market disruption, with key prediction themes revolving around Internet of Things (IoT) leverage, artificial intelligence (AI) deployments, and 5G use cases,”…

Vincentas Grinius, the Chief Executive Officer of Heficed, an IP address infrastructure service provider, has highlighted the benefits that will accrue from the 200 million IPV4 addresses, which was recently released by the Department of Defence of the US government. Grinius explained that with the release of the200 million blocks entering the market, prices would decrease, and the availability of IPv4 would grow in the upcoming years. He noted that new release of IPv4 addresses will be sold in big and medium-sized blocks, and since the Department of Defence has a deadline, they are focusing on large buyers such as…

Nigel Green, founder and chief executive of deVere Group, one of the world’s largest independent financial services and advisory organisations have urged world leaders to commit to Fintech. Green, who is part of the delegates heading to the Swiss mountain resort of Davos for the 50th annual World Economic Forum (WEF), starting on Tuesday, believes that for Fintech to thrive, world leaders need to make a big and bold commitment this year. “As it celebrates its landmark 50th year, the World Economic Forum 2020 has the opportunity to champion and enhance the transformation of business, which has been dubbed the…

…. Targets business transformation  CYBERCLOUD Platform, the first indigenous VMware Cloud Service Provider in Sub-Saharan Africa recently got extra accolades, following the addition of the blue VMware Cloud Verified now added to its partnership. VMware Cloud Provider Program Manager, Sub-Saharan Africa, Dave Funnell, who announced this new feat explained that “it means when you see the VMware Cloud Verified logo, you know you can easily access the full set of capabilities of VMware’s Cloud Infrastructure. Get the ultimate in cloud choice through flexible and interoperable infrastructure, from the data center to the cloud. Support all your apps – from existing…

First Bank of Nigeria Limited, has disclosed that it loaned out over 10 billion Naira to support educational institutions in Nigeria last year. The premier and leading financial services provider said it carried out the loan service through its FirstEdu product, an educational solution created to enhance the educational facilities in schools with a view to improving the quality of education across the country. According to Chuma Ezirim, Group Executive, e-Business & Retail Products at First Bank of Nigeria Limited, FirstEdu is the right tool to boost various tiers of education in Nigeria; elementary, secondary and tertiary to the level…

Digital Economy Media Support Volunteers’ (DEMS Volunteers’), an NGO tracking all development activities in the nation’s public and private sector on the digital economy, has assessed activities of the Minister of State for Petroleum Resources, Chief Timipre Sylva since his appointment and gave him a pass mark. A report released weekend in Lagos on the reforms adopted so far by the ministry in the last couple of months have shown marked departure from the way and manner the operations of the nation’s oil and gas sector had been. The Director-General of the NGO, Prince Stan Okenwa noted that “Starting from…

The National Information Technology Development Agency (NITDA) has given scholarships to 16 Masters degrees and one PhD candidates from Nigeria to advance their study in Information Technology related fields in Turkey. Addressing the students, who will be leaving Nigeria later today,  the Director-General of NITDA, Mallam Kashifu Inuwa Abdullahi, urged them to not only be Nigerian ambassadors but NITDA’s and their various families as well. The DG, who was represented at the event by the Director, Information Technology Infrastructure Solutions Dr. Usman Abdullahi Gambo, admonished the students to consider themselves extremely lucky to be selected among the over two thousand…

Today, everyone is talking broadband. Everyone is talking about the advantages, the benefits and need to make it more available and accessible. The importance is becoming more evident each passing day. Indeed, it is becoming general knowledge that as access to broadband internet grows, quality of life improves, productivity increases and Gross Domestic Product (GDP) expands. The significance is immense. Reports indicate that a 10 percent increase in broadband penetration yields a 0.8 percent increase in GDP per capita. That is, increasing broadband penetration by 10 percent will automatically, almost double GDP per capita. GDP per capita is a measure…

The Nigerian government has signed a Memorandum of Understanding (MoU)  with International Business Machines (IBM) West Africa, for the development of digital skills in Nigeria. The Minister of Communications and Digital Economy, Dr Isa Pantami, who signed on behalf of the Federal Government, noted that the partnership with the tech giant gives impetus to the digital, innovation and Entrepreneurship skills of the economic development plan of the Federal Government. He added the agreement is a quantum leap in the Digital Economy strategy of the Ministry of Communications and Digital Economy. The MoU provides a platform to empower  Nigerian youths with…