By Eunice Orike
Nigerian communication commission, NCC, has reiterated that the commission is looking at reviewing the current operating standards and introducing new standards which are in line with international best practices.
The head corporate planning, strategy and risk management, Mr Kelechi Nwankwo who spoke in his welcome address at the maiden edition of the Telecoms Industry Risk Management Conference with the theme, “Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends,” said the programme was held inorder to facilitate resilience in the communications industry and also embark on a journey of exploration, discovery in a rapidly evolving landscape of the telecoms industry.
He stressed the need to analyse, adapt, and effectively manage the risks that accompany innovation and development.
According to him,the fast-disruptive world of the telecoms industry has witnessed convergence of diverse technological advancements with the potential of reshaping our future.
From 5G networks, the Internet of Things (IoT), and Artificial Intelligence (AI), to Cloud Computing and beyond, the possibilities are limitless.
Nwankwo maintained that it’s our collective responsibility to address these risks and possibly safeguarding the industry’s growth and sustainability.
To this end, he noted that the conference is a testament to our collective commitment towards recognizing the evolving risks and challenges we face, while embracing the immense opportunities emerging technologies and trends bring.
“The World Economic Forum (WEF) in a survey of global leaders on the five risks most likely to present material crisis on a global scale in 2024, reported AI-generated misinformation/disinformation as number two (2) and cyber attacks as number five (5).
These two are technological risks. The number one (1) risk is extreme weather (environment) while numbers three (3) and four (4) are societal/political polarisation and cost-of-living crisis respectively, which are societal issues.
Together, we will engage in discussions, gain key insights from industry experts, share experiences, and develop strategies to navigate through this ever-changing landscape.
How we can mitigate technological risks and use technological innovations to provide solutions to address environmental, societal, economic (disruption of supply chains for critical goods & resources) and geopolitical (attacks on critical infrastructure) challenges, appears critical”, he said.
Furthermore, Nwankwo hinted that telecoms industry has gone through remarkable transformations, and it is our responsibility to stay informed, prepared, and proactive in managing the potential risks ahead.
He used the opportunity to urge all to actively engage in the various sessions, dialogue openly, and contribute to fruitful discussions and also to embrace a forward thinking mindset.
“By harnessing the collective wisdom and experiences present in this conference, we can unlock new approaches to risk management that will shape the future of the industry”, he said.
