Ericsson sees digital technology cutting spending by 55%

Ericsson sees digital technology cutting spending by 55%

Ericsson

From Ericsson’s perspective, if well-articulated and adopted, digital technology is capable of reducing an organisation’s information technology expenses by 55 per cent, while it can also lift firms’ revenue base by as much as 15 per cent yearly.
  
Digital technology involves the process of digitising business by constantly reviewing what the customer needs and seeing how technology can help meet them and drive revenue.
  
Underscoring the importance of digital technology for country and organisational growth, the new Managing Director of Ericsson Nigeria, Rutger Reman, who doubles as Ericsson’s Vice President, urged Nigeria and other African countries to go digital in order to be at par with developed economies.

  
Reman posited that the global technology evolution has made it necessary for Nigeria to go digital, adding that Ericsson is passionate about digitising Nigeria.
  
The Ericsson boss disclosed that the 5th technology evolution, the Internet of Things (IoT) and Cloud computing, are available technology that could digitise the entire country through smart cities development, if well embraced and adopted.
  
Presenting Ericsson’s forecast for 2022; Reman said as technologies evolve, more people would be connected, leading to an increase of 1.03 billion global mobile subscriptions in 2022. With about 14 times increase in smartphone usage, an estimated manufacturing of about 75 million cellular IoT devices would be connecting more people by 2022.
 
According to him, the resultant effect of the global growth would be on the increased growth of e-commerce, million hours YouTube video watch, growth in smartphone subscription on a daily basis, increase in FaceBook subscriptions, increase in financial technology (FinTech) solutions and more crowd funding to boost technology startups.
  
All these would lead to global industry transformation, which Nigeria and other African countries must take advantage of, Reman said.He listed some of the transformation areas to include smart transport, smart building, smart travel, smart work, smart agriculture and land usage, smart services, among others, which he said, would be driven completely by information and communications technology (ICT).
  
“By the time all these are established, more people, estimated to be above 70 per cent will live in the cities by 2050,” Reman added.He further explained that for Nigeria to take advantage of the global revolution, the country must begin to invest in smart cities development. He said it would be nice when smart cities initiatives were developed in several cities of the country, to reduce the influx of people into few cities of the country, and stressed the need for broadband availability to drive the entire process of digital transformation.

Head, IT & Cloud at Ericsson Nigeria, Oluwaseun Solanke, who spoke about digital transformation, explained that the emergence of new technologies would boost digital operations, digital engagement and digital services.

He called on organisations to take advantage of Ericsson’s digital solutions that have indices to reduces yearly information technology (IT) spend by 55 per cent and increase organisation’s revenue by 15 per cent.
  
To the Head, Network Products at Ericsson Nigeria, Fisayo Araoye, who spoke on the increasing growth of indoor market, said this is facilitated by wireless connectivity that would likely double by 2020 to about $6 billion market worth.
  
She said indoor wireless data traffic would grow by 600 per cent 2020, and that Ericsson’s radio system and Radio Dot Live, present solution to wireless connectivity.

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