Economy

To boost growth: P&T minister urges economic actors to embrace Artificial Intelligence.

Minister Libom Likeng at AI Economic Conference

The Minister of Posts and Telecommunications, Libom Li Likeng, has enjoined stakeholders of the public and private economy sectors to use Artificial Intelligence, AI, as a tool to thrive in the global market.
The minister was speaking while chairing a two-day workshop to mark the commemoration of the 7th edition of the African Day for Economic Intelligence, better known for its French abbreviation JAIE. It was organised by the African Centre for Economic Intelligence, CAVIE.

The international gathering held in Yaounde on May 30 and 31, brought together experts and stakeholders in economic intelligence from across the globe. It was under the theme: “The contribution of Artificial Intelligence to the performance of African public and private players”.

The two-day event saw a diverse array of participants, including representatives from academic institutions, business intelligence professionals, and policymakers.

This year's edition emphasised the critical role of Artificial Intelligence in enhancing the competitiveness and efficiency of African enterprises and public institutions.

The Minister of Posts and Telecommunications, Minette Libom Li Likeng, speaking at the opening of the event, highlighted the importance of embracing AI to drive economic growth and innovation in Africa.

She underscored the need for both public and private sectors to adapt to AI technologies to remain competitive in the global market.

Throughout the event, seven panels, comprising of 32 experts from around the world, delved into various aspects of AI and its applications.

Discussions covered topics such as AI-driven business intelligence, the integration of AI in public administration, and the ethical considerations surrounding AI deployment.

These sessions provided valuable insights into how AI can be harnessed to improve decision-making processes, optimise operations, and foster economic development.

The Executive Chairman of CAVIE, Dr Guy Gweth, emphasised the importance of these African Intelligence Days as a platform for knowledge exchange and capacity building.

"These days are an opportunity for public and private players on the African continent to familiarise themselves with the new advances in Artificial Intelligence and to discover how this technology can help them improve their day-to-day performance and competitiveness," he stated.

The event saw the publication of a summary of the key insights and recommendations from the discussions.

This document aims to serve as a guide for African leaders and businesses in integrating AI technologies into their strategies.

CAVIE, it should be noted, is a leading organisation in Africa for training, certification, and the implementation of business intelligence systems.

With a presence in 38 countries and eight years of experience, CAVIE, continues to be at the forefront of promoting economic intelligence and innovation across the continent.

This story first published in The Guardian Post issue No3130 of Monday June 02, 2024