Experts To Examine Artificial Intelligence In Digital Economy

Experts are expected to examine the roles of Artificial Intelligence (AI) in a digital economy.

The experts, who will converge at this year’s Africa’s Beacon of ICT Merit and Leadership lecture, holding on 25th of May, 2024, in Victoria Island(VI), Lagos, will discuss on the theme: ‘Artificial Intelligence (AI): The Good, The Complex and The Anticipated.’

The 16th edition of the award ceremony, according, editor-in-chief of Nigeria CommunicationsWeek who the organisers of the event, Ken Nwogbo said, “is a special edition to recognise and celebrate organisations and individuals in the ICT industry that have been distinguished in delivering innovative services in the sector.

“Most of these organisations and individuals have consistently been voted by our readers as leaders in their areas of operations and we have decided to reward them in this special edition”.

He added that AI is considered to have the potential to instigate a fourth industrial revolution and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth.

“However, unlike traditional machines, which replaced the use of human and animal labour for simple manual work and heavy or dangerous activities, AI-related inputs may change the type of human work in a comprehensive way.

“In contrast to previous industrial revolutions, AI does not simply involve the invention of a new machine or technology. Instead, AI has similarities to the accumulation of human capital, as it can learn and accumulate knowledge by itself,” he pointed out.

The Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.