CWG charges Nigerians on innovation, disruptive technology
CWG Plc, Africa’s largest Information Technology integration company has urged Nigerians in the E-Commerce ecosystem to be more innovative and adopt new developments as technology continue to disrupt the industry.
The Chief Executive Officer of CWG Plc, Mr. James Agada made this submission during a presentation at the just concluded 10th Annual banking and Finance Conference of the Chartered Institute of Bankers Nigeria (CIBN) with the theme ‘Innovation in the Financial Services Industry: Driving Nigeria’s New Economy’ held in Abuja.
Agada submitted in the presentation titled ‘Electronic Commerce: Role in disrupting modern trade and channels’, that all over the world, the marketplace has changed with huge migrations of buying, selling including payment of tax and other protocol activity now gone digital.
He highlighted that what disruptive technology mean for the banks and banking, stems from the fact that transaction has become borderless and money is just an entry in a ledger.
According to him, anyone can be a bank if the bank thinks is just a place to keep money, and cautioned of a massive competition from non-traditional providers like telcos and retailers.
What the disruption of technology in the E-Commerce ecosystem has done, he added is to force players in the industry to be innovative and adapt to the trends.
He disclosed that CWG Plc has built an accommodating E-Commerce ecosystem that is reliably in tune with the disruption of the digital marketplace.
In his words: “Today, we have a situation where technology continues to disrupt the way people buy and sell. At CWG Plc, we have envisaged many years ago that technology would disrupt the marketplace and so we developed key expertise in e-commerce solutions for the markets. We have created a platform that is truly low-cost, user-friendly and easily adaptable to the specifications of each growing economy.”
Agada maintained that CWG Plc has through its expertise demystified E-commerce and made it accessible to many players, who are currently exposed to the possibility of limitless online opportunities.
He affirmed that Nigeria has the human resource to grab a share of the $2.04 trillion global E-commerce sales as some barriers such as geography, time and shelf space are disappearing and access to market from anywhere at any time is now possible.
