Big Win for IoT Africa: "OUTSTANDING loT PROVIDER OF THE YEAR AWARD"

The year 2021 has definitely been a great year so far for IoT Africa Networks Limited (a Tranter IT Infrastructure Service Limited company) as we won big at the recently concluded Titans of Tech Hall of Fame Awards. IoT Africa bagged the "OUTSTANDING loT PROVIDER OF THE YEAR AWARD" 😊

The Titans of Tech Hall of Fame Awards ceremony, which was held on Friday, July 23rd at Oriental Hotel in Ikoyi, is also popularly called Nigeria’s Tech Industry Grammy 😉. The event had three main parts, Exhibition, Seminal RoundTable, and the Technology Awards. The exhibition was the first item on the table as it was open to the public to see and interact with leading players in the Nigerian ICT and technology space.

The Roundtable followed, and it was a fantastic platform for important players in the Nigerian technology sector to discuss steps to build a better society and improve citizens’ quality of life using innovative technology. The panel was made of our very own Mr. Lare Ayoola, CEO IoT Africa Networks Limited; Engineer Ikechukwu Nnamani, President, Association of Telecommunication Companies of Nigeria (ATCON); Aderemi Adejumo, CEO of Cloudflex; and Tinuade Oguntuyi, Head, Core Networks and Solutions, Information Connectivity Solutions Limited (ICSL).

[From left, Tinuade Oguntuyi, Head, Core Networks and Solutions, Information Connectivity Solutions Limited (ICSL), Aderemi Adejumo, CEO of Cloudflex, Engineer Ikechukwu Nnamani, President, Association of Telecommunication Companies of Nigeria (ATCON) and own Mr. Lare Ayoola, CEO IoT Africa Networks Limited]

At the roundtable discussion, Mr. Lare Ayoola, CEO of IoT Africa and Tranter IT Infrastructure services, discussed how Artificial Intelligence (AI) and the Internet of Things (IoT), are going to transform the digital economy.

Mr. Lare outlined the impact and importance of IoT on the various industries in Nigeria. He spoke about how IoT management will transform Real Estate, Power, Logistics, Manufacturing, Construction, Agriculture, Security companies, FMGC, Banking & Finance, and many other industries.

Ayoola gave an instance of what can happen when IoT is not fully maximized, He said, “There was a case in one of the banks where there was a power outage and the UPS kicked in. The technician who knew how to start the generator was not available, and a staff tried to fill in. The generator did not start, the batteries in the UPS died, and the entire data center of the bank went down.”

Ayoola said. “It took them at least half a day to bring it back up. Therefore, they lost half a day’s worth of business. Had there been IoT sensors installed in that data center to monitor the battery of the UPS, or monitor the supply of electricity from the PHCN and the generator, that catastrophe would have been averted.

A signal would have been sent to the bank's central command, and they would have sent someone physically to solve the problem. From that incident, they would have also had data to analyze and prevent that sort of problem in the future.”

[IMr Lare Ayoola giving his presentation]

He also spoke on how “the applications of IoT are limitless. It saves time, eliminates waste, maximizes profits, reduces anxiety, monitors environments, enhances security, and optimizes businesses to achieve maximum profits.

He cited examples of how IoT can signal agronomists and farm owners on the state of livestock, how crops are faring on a farm site or a rise or decrease in temperature of a storage grain silo.

It will save Nigerians from agricultural losses, post-harvest losses, financial, operational and resource losses. The adoption of A.I and IoT is the gateway to the future of a sustainable digital economy.”

Engineer Ikechukwu Nnamani, the CEO of Medallion Communications also spoke. He said, “A vast majority of Nigerians are not aware of the tremendous benefits A.I and IoT have, and its diverse applications. A decade ago, people had to commute for hours before reaching their workplaces and commute for long hours back to their homes. Technology has devised easier, more convenient ways to work from home, attend virtual meetings and conduct financial transactions on the go.

Mrs. Tinuade Ogunfuyi, Head, Core Networks and Solutions, at Information Connectivity Solutions Limited (ICSL) spoke on the benefits of IoT in the digital economy for emerging markets like Nigeria. The market for IoT is potentially large here in Nigeria. This is because these technologies offer productivity-boosting opportunities, increased access to digital products and services that help optimize processes and production, reduce transaction costs and transformation of supply chains.

She noted that “increased reach to millions of consumers, encourage investment and adoption of digital technologies. This drives firms to participate in global value chains and directly access customers in foreign markets in ways previously only feasible for large and established companies from advanced economies.”

The Next segment of the day was the red carpet. Here, the red carpet served as an opportunity to hobnob, network, and take sparkling photos where we all showed off our glitz and glam.

The last and most anticipated segment of the day was the awards ceremony. It was time to give accolades to whom due. The evening ended with so many deserving winners such as Konga, receiving the Hero of COVID-19 Pandemic Award, Medallion Communications as Telecom Company of the year, and so on.

We are honored to have won the "OUTSTANDING loT PROVIDER OF THE YEAR AWARD" and it definitely encourages us as a company to keep giving our all and achieving greatness as we provide world-class IoT connectivity and solutions across Nigeria.