It is no more news that Artificial Intelligence growth can be attributed to Digital Innovation and the evolution of technology. Globally, countries are grappling with ways to manage the exponential growth of new and emerging technologies to advance their economies. AI remains one of the most significant technologies for business, the economy, and society…
In the history of commerce, the economy, and society, AI is undoubtedly one of the most potent technologies. There are many different kinds of AI algorithms and systems, but two of them are frequently used in business: those that use predetermined, possibly human-defined rules to make predictions, suggestions, and decisions, and those that learn these “rules” from data.
I am therefore delighted that the Minister of Communications and Digital Economy, Professor Ali Isa Pantami recently directed the National Information Technology Development Agency to develop a National Artificial Intelligence Policy . While inaugurating the establishment of the National Centre for AI and Robotics in 2020, Pantami listed the immense and immeasurable benefits derivable from the project. He disclosed that the Federal Government had indicated its willingness to partner with the Nigeria Computer Society on Artificial Intelligence to boost the nation’s economy.
The goal of AI policy is dual. To ensure AI’s numerous advantages for the economy and society, governments should, on the one hand, invest in its development and implementation. Governments can accomplish this by funding basic and applied research, the training of specialists in AI technologies, the development of digital infrastructure and related technologies, and initiatives that support the adoption and use of new AI technologies by both the public and private sectors.
But there is a story of competitiveness beyond this technological advancement. It is now obvious that there is much more demand than there is supply for AI skills. Only 22,000 PhD-trained AI researchers are present worldwide, with the majority concentrated in the US, according to a report by Element AI.
Source: News Formal (newsformal.com)
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