By Laju Iren
COUNTRY Manager for Accenture Nigeria, Mr. Niyi Yusuf, has said that raising digital investments is key to making the Nigerian economy more productive.
Yusuf said this while highlighting the results of the recent Accenture Strategy research, which indicated that high-performing economies could realize better returns from the optimal combination of investments in digital skills, digital technologies and digital accelerators
Findings showed that the smarter use of digital skills, technologies and other assets could boost productivity and generate US$2 trillion of additional economic output by 2020. According to the research, digital investments can act as a growth multiplier in the coming years.
“Take the United States where adjustments in investments in digital skills, digital technologies and digital accelerators in line with our calculations could see the nation increase its gross domestic product by 2.1 percent—which equates to US$421 billion in 2020,” it noted.
Findings also showed how adjusting three levers—digital skills, digital technologies and digital accelerators—can enhance overall digital intensity and act as a growth multiplier.
In his explanation of the three levers, which consist of a collection of broad and specific indicators, Mr. Yusuf said: “Digital skills measures elements such as the information, communications and technology expertise in the work force or the use of digital to facilitate remote working. Digital technologies include mobile connectivity and the economy’s capacity to make use of the industrial Internet. Finally, digital accelerators include wide-ranging parameters such as making use of the cloud or access to finance or the economy’s regulatory burden.”