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Digital revolution refers to the rapid shift from traditional industrial systems to digital technologies. This shift, which took root in the late 20th century is fundamentally reshaping how we interact with technology and each other. Africa, often seen as a rising star on the global stage, is experiencing its seismic digital metamorphosis with the rapid proliferation of digital innovation and the democratisation of services.
Introduction
Digital revolution refers to the rapid shift from traditional industrial systems to digital technologies. This shift, which took root in the late 20th century is fundamentally reshaping how we interact with technology and each other. Africa, often seen as a rising star on the global stage, is experiencing its seismic digital metamorphosis with the rapid proliferation of digital innovation and the democratisation of services encompassing Digital Platforms, Data, Cybersecurity and Privacy, Digital Infrastructures, Financial Technology (Fintech) among others. This is evident in Nigeria, where a burgeoning fintech ecosystem has emerged, the African giant is not just catching up but is poised to leap ahead in several domains, mobile money operators and digital banks are not only revolutionising access to financial services for millions of unbanked and underbanked individuals but also redefining the very nature of financial transactions in the country. At the heart of this shift lies the critical issue of data ownership, which controls the vast amount of personal and financial data generated by these digital platforms. This includes landmark initiatives such as the installation of undersea broadband cables, which significantly enhance connectivity and foster seamless communication across the continent.
This revolution presents both opportunities and challenges for traditional service providers, compelling them to rethink their business models in an era where technology and data sovereignty are reshaping the future of finance.
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