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FINAL WORD
Three myths
Nigerian firms
should bust to
drive innovation
in 2018
According to the Global Innovation Index
2017 Report, Nigeria is ranked 119th in
terms of innovation and is performing
below its level of development. Adebayo
Sanni, Managing Director for Oracle
Nigeria, unpacks the three key myths that
stand in the way of innovation.
T
oday, every business knows that just keeping the lights on is
not enough. Companies should deliver innovation to remain
competitive, which is easier said than done. Oracle’s recent
You & IaaS research found that while 72% of businesses agree that
migrating infrastructure to the cloud makes it easier to innovate, only
36% are actively doing so.
Nigeria has only recently emerged from its first economic recession
in more than two decades, which has seen many organisations
relook their IT spend and question what technology is right for their
business, while reducing cost. This has allowed for improved cloud
uptake and plenty of room for growth, with Nigeria now expected to
surpass South Africa and Kenya in terms of cloud adoption this year.
Today, the Nigerian economy is bolstered by a thriving small to
medium enterprise (SME) community that makes up over 90% of
the market, with many engaging in business that can only be made
possible through cloud technology.
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INTELLIGENTCIO
www.intelligentcio.com