Recession: Tech Solutions Apt for Business Survival, Says BCX

Technology and Economic experts have reckoned that one of the ways to survive the nation’s economy recession is for home grown Small and Medium Enterprises (SMEs) to adopt technology solutions in every value chain of their businesses saying this would make them stay in business for long.

The newly appointed Managing Director of Business Connexion Nigeria, Mr. Ayo Adegboye, made this known in Lagos during a media session.

In his view there is low level of technology solution adoption among indigenous businesses in Nigeria and this has consequently saw businesses suffer premature death even as the state of the nation’s economy bite harder.

However, Adegboye said, business owners need not panic, provided they allow technology solutions to drive their businesses, which he explained are capable of reducing total cost of managing businesses and at the same time helping business owners enjoy economics of scale and business sustainability.

There is need for government to diversify the economy and challenge its policies to enhance seamless technology adoption even at the SMEs level, Adegboye opined that this would invariably multiply business growth rate in the country.

“Government needs to come up with strong policies that will turn around the economy, and it must ensure diversification of the Nigerian economy from monolithic economy to diversified and knowledge-based economy. India for instance has been able to catchup with technology by developing software solutions that are used in other parts of the world, and this is a typical example of knowledge-based economy,” Adegboye said.

He added that government also needs to encourage public/private partnership to drive economic growth in the country. Technocrats from the private sector should be engaged in policy formulation that will drive technology development in the country.

Business Connexion is an Information Technology (IT) Systems Integrator Company, with operations in Europe, Middle East and Africa (EMEA).

Adegboye who is passionate about positioning the company as the foremost technology solution provider and business advisor, advised business owners to tool using Internet of Things (IoT) and the cloud technologies.

BCX, he said has taken an initiative to support businesses in the country with technology solutions that will make businesses enjoy economics of scale and stay alive always.

“Today technology is evolving and BCX is at the forefront of business, making sure clients enjoy economics of scale in their business, and we are doing this by taking businesses to the cloud. We are making huge investment in the cloud, and what that translates into is that the SMEs and the big enterprise do not need to invest so much in infrastructure, because we built infrastructure in the cloud for them, and that is the direction of businesses globally,” Adegboye said.

Managing Executive, Business Connexion Nigeria, Mr. Jakes Mogale, said business in Nigeria today is about total cost of ownership, which is a concept that will continue to be on the minds of business owners.

“Our concern is  to ensure that businesses have the right solution that will enable them do successful business such that their income is far more than their expenditure and BCX has solutions that will address all of that for business owners,” Mogale said.

When we get into a banking environment for instance, we do not only look at what the bank is using for their network infrastructure, but we look at customer interaction and device solution on how the banks can interact more with customers, without the customers crowding banking halls on a daily basis, he added.

General Manager, Services at Business Connexion Nigeria, Mr. Emmanuel Akhidenor, said BCX technology solutions were designed to address those challenges that could lead to economic recession. Our belief is that when companies are doing well in business, it will bring in more money to the economy and the issue of recession will be far of from the Nigerian environment and our solutions are geared towards business sustainability for small and large enterprise, Akhidenor said.

“Inadequate power supply for instance is a major drawback to businesses and we have to design our solution to fit into the cloud, where power is not an issue,” he added.