By Moniade ADENIYI Product obsolescence is a ubiquitous challenge faced by businesses operating in rapidly evolving markets. It refers to the process by which a product loses relevance or becomes outdated, leading to decreased demand and eventual discontinuation. Recognizing the factors that contribute to product obsolescence is crucial for companies to adapt, innovate, and maintain competitiveness. This article by MONIADE ADENIYI explores the primary drivers of product obsolescence and offers strategic insights to mitigate its impact effectively. Rapid Technological Advancements One of the foremost contributors to product obsolescence is the relentless pace of technological progress. Innovations often render existing products…
Author: DigitalTimesNG
As Valentine’s Day is increasingly becoming more than a fad in Nigeria, this year’s edition promises to be remarkable and memorable, especially for customers of Smile Nigeria for whom a unique one-week Valentine promo had been conceived. Valentine Day is now a special day on which love is shared and celebrated. The days before and after Valentine’s Day are often prevalent with festivities that now there is a Valentine season with the D-day as the epoch. Commencing from Thursday 10th February to Wednesday 16th February 2022, the Smile Valentine Promo, by its bouquet of robust incentives and goodies, is…
The technology industry is one of the fastest-growing sectors in the world, offering a wide range of exciting and lucrative career opportunities for young people. The industry is constantly evolving, and new technologies are emerging every day, making it an exciting field to be a part of. But how can young people adapt their careers to work in tech, and what are the key skills and attributes they need to succeed? One person who has successfully adapted his career to working in tech is Michel Nkansah. Michel started his career as a lawyer but soon realized that his passion lay…
By Oluwakayode DURODOLA Introduction The rise of the Internet of Things (IoT) has ushered in a new era of connectivity, linking devices ranging from everyday household gadgets to complex industrial systems. This interconnection is transforming industries such as healthcare, manufacturing, and smart city development, offering unprecedented efficiency and convenience. However, the rapid growth of IoT also introduces critical cybersecurity challenges that must be addressed strategically. With an increasing number of connected devices, the potential attack surface for cyber threats grows, necessitating a proactive, advisory approach to risk management and system protection. Understanding the IoT Security Landscape: A Vast Array of…
Sub-Saharan countries embracing digital economy to boost competitiveness
Guaranty Trust Holding Company Plc (GTCO Plc), a diversified financial services provider, Monday notified the Nigerian Exchange Group (NGX) and the investing public that it has concluded the acquisition of the 100% equity stake in Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM) (together, the Companies) held by Investment One Financial Services Limited (IOFS or the Seller). IOPM is licensed by the Nigerian Pensions Commission (PenCom) to operate as a Pension Fund Administrator in Nigeria. On the other hand, IOFM is licensed by the Securities and Exchange Commission (SEC) to undertake fund management and…
Reliance Health, an emerging markets-focused digital healthcare provider, has announced the completion of a $40 million Series B funding round led by General Atlantic, a global growth equity investor. Participants in the deal include Partech, Picus Capital, Tencent Exploration, AAIC (Asia Africa Investment and Consulting), P1 Ventures, Laerdal Million Lives Fund, M3, Inc., and Arvantis Social Foundation. Digital Times understands that with this funding, Reliance Health has successfully closed the largest Series B round in the African HealthTech industry to date. The newly-established partnership also marks General Atlantic’s first technology investment in Africa. To date, Reliance Health has raised…
The ongoing migration from Google Workspace and Microsoft 365 results in an influx of new customers for Zoho’s collaboration and communication platform
Oracle has announced support of $1 million for tech startups in Africa that will help accelerate their digital initiatives with the latest cloud technologies and business resources. Led by Oracle for Startups, Oracle will provide extra resources and support to technology startups across Africa over the next two years. Cloud credits of up to $10,000 for 100 startups will be made available as part of this program. Hands-on technical support, executive mentoring, go-to-market resources, and customer engagements will also be offered to startups. “At Oracle for Startups, we help startups grow from grassroots through scaling. Africa is a hotbed for…
Airtel Africa has released its Q3 results for the year 2021 reporting a 21.7% revenue growth to $3.4 billion. The telco recorded underlying revenue growth across all regions with Nigeria recording the highest 29.0%, East Africa up 24.4% and Francophone Africa up 19.0%; and across all key services, with revenue in Voice up 16.1%, and in Data and Mobile Money both up 37.2%. Underlying EBITDA was $1,703m, growing by 31.3% in reported currency with an EBITDA margin of 48.8%, an increase of 326 basis points led by both revenue growth and improved operational efficiencies. Operating profit grew by 43.1% to…