• Monday, May 20, 2024
businessday logo

BusinessDay

Corporate leaders urged to embrace tech for business transformation

tech

Business leaders and organisations in Nigeria has been urged to leverage technology to create and develop new business portfolios as the country continues its gradual recovery from the Covid-19 pandemic.

It is important for organisations to leverage technology to create new businesses; transform the efficiency of existing one, create access to market, said Paul Gbededo, the group managing director of Floor Mills of Nigeria (FMN) Group.

Gbededo stated this at the 36th annual Omolayole Management Lecture (OML), hosted by the Chartered Institute of Personnel Management (CIPM).

Gbededo opined that noble leadership is a must and leadership in the corporate world must be technologically driven. He stated that corporations must be continuously recharged with new diverse new employees.

According to him, communication, data and information have become the backbone of emerging large corporation. “Technology is creating data platform and facilitating quick, easy, secure and affordable access to store, retrieve and analyse data that is making the marketplace increasingly a virtual world,” he said.

According to Gbededo, there is an urgent need to reset leadership mindset in Nigeria from the traditional to technological driven mindset and approaches.

Leading at the time of technology is about being proactive, anticipating the next wave of technological invention that will affect our businesses, and ensuring that noble leadership is activated to protect all stakeholders.

Also speaking at the venue, Michael Omolayole, said there is high index of misery in Nigeria, and that Nigerians neither feel safe at home nor in the streets. According to him, politicians must address the purpose of being in politics that is, development of the people.

He charged civil society organisations to speak up consistently. The elder statesman also urged wealthy Nigerians to establish ‘think tanks and credible opinion poll companies’, which according to him will enable both the government and opposition parties to know the mood of the nation.