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Expert reveals biggest barriers to Nigeria’s Digital Transformation

IT News Nigeria

  • Fearing to lose out in the new ways, individuals with much decision powers both in private and public sector have chosen to remain in the past, thereby stampeding the country in the face of ever changing technology

An expert in Nigeria Information and Communication Technology industry has said persons with huge decision making powers in both private enterprise and government arms are the biggest barriers to digital transformation in the Nigerian business landscape as they tend to stick to the past by using old ways to solve today’s solution.

Chief Software Architect and CEO of Simplex Business Solutions Limited, Femi Adeniyi, told VANGUARD that by so doing these individuals with enormous office stampede the industry and by extension the country by sticking to former approaches to enterprise management.

According to him, “ the greatest barrier is the traditional mindset of some Chief Executives, basically trying to solve today’s problems with the approach and solutions of the past. So, business leaders need to transition from a traditional mindset to a digital mindset.”

He added that “a digital mindset is not merely the ability to use technology, it is a set of attitudes and behaviors that enable people and organizations to foresee possibilities and rightly position themselves.”

Relating it to the financial sector, he said “Just like every other industry, the financial services industry is witnessing continuous and disruptive digitization and the adoption of new and emerging technologies to bring in operational efficiencies, enhance speed-to-market and deliver superior customer experiences. This implies that there are a lot of trends that have been shaping the industry. For me, top on the list are data analytics, Low code development, and robotic process automation. These three will reshape the financial services landscape.”

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