The Lagos Chamber of Commerce and Industry has warned industrial entities to brace up for disruptions as technology continues to upend the way businesses operate all over the world.
LCCI’s Chairman of Trade Promotion Board, Leye Kupoluyi, stated this at a media launch to herald this year’s Information Communication Technology and Telecommunications Expo. The LCCI ICTEL EXPO, currently in its ninth edition, will be held on July 25-26, 2023, at Landmark Event Centre, Victoria Island, and Lagos.
Speaking at the launch, Kupoluyi said that in order to sustain innovation and catch up with the world, Nigerian startups must be given a platform to practically demonstrate their new technological discoveries, which would enable them to have desirable turnover, increase profit merging, gain market share, and enhance customer loyalty.
He further referenced how the Covid-19 pandemic disrupted models that had been hitherto considered ideal, noting that those disruptions had come to stay. He said, “Technological disruption is a fundamental transformation of business models occasioned by replacement of humans and existing business archetypal as a result of technology development”.
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