Revenue projection for Internet of Things in Nigeria this year alone is estimated at $93m, the Managing Director, Ericsson Nigeria, Rutger Reman, has said.
Quoting a report from the International Data Corporation, he also said, “With a revenue projection of $93m, a substantial amount of the $1.3bn spent on importing milk in Nigeria could be saved through animal tagging.”
According to him, the IoT provides the means to deliver efficient, innovative solutions that meet socio-economic challenges and transform business models to unlock growth in the sub-Saharan Africa.
“While Nigeria and South Africa will continue to have the highest number of connected devices, the IoT is taking shape in the rest of the region, especially east Africa. Across the sub-Saharan Africa, we foresee cellular IoT connections growing from 11 million in 2016 to 75 million connections in 2022,” the Ericsson Nigeria boss added.
Reman said that the industries that would drive the projected revenue generated from Internet of Things projects in Nigeria this year “are agriculture, automotive, health, energy, logistics and supply.”
He said, “In agriculture, for instance, we can ensure increased yields by deploying the IoT sensors that capture soil data to determine potential yield, humidity, harvest time, amount of irrigation per time, among other things.
He said, “Using the data collected from these systems, we can optimise for best planting conditions, thus ensuring maximum yield output.
“We could also embed monitoring sensors on cattle to track average milk production. With data gathered from the IoT sensors, we can determine best producers and optimise their living conditions for increased output.”
Similarly, in the healthcare sector, the Ericsson Nigeria boss said that the company could introduce virtual expert medical interventions for births, surgeries, etc, especially in remote/rural areas.
“A medical expert seating anywhere in the world can assist a local social worker or another medical expert through a medical operation or exercise, thus saving time spent on travel and reducing risks from traveling long distances to receive medical care,” he said.
“The utility sector for energy and water where we have smart metering is steadily gaining ground in Nigeria. We see this being developed further so that consumers are able to control the power or water they use,” he added.
Reman said using the IoT, energy or water consumption could be optimised and evenly distributed to areas with greater need, thus saving and minimising energy losses.
He stated that these use cases could be replicated across diverse industries, saying that at the heart of the IoT were data and analytics.
“The amount of data made possible through the IoT makes it possible to monitor trends, predict consequences, and forestall occurrences that lead to overall improvement in societies, industries and the economy,” he added.
He, however, said there were numerous standardisation challenges and making available the low-band spectrum that would enable wider coverage was still a challenge.
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