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Workforce Management Values: Digitization and Changing Nature of Work

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1 year ago

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The inception of Technology has resulted in advancement of existing protocols across all facets of life and work is an aspect that cannot be overemphasized. There have been a massive improvement in work outputs in different category of business, large or small-scale industry.

It is imperative not only we adopted this new norm but to ensure we’re in the know of understand  how it can be implemented in our existing working procedures.

The process of Digitalization highlight extensively  the transformation of analog to  digital informations. resulting to change in processes, how information is been disseminated, and go beyond more than just making existing data digital, it embraces the ability of digital technology in data collection, the establishment of new trends, and enhances better business decisions.

The changing nature of work is being influenced by two determinants: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce that entails both on- and off-balance-sheet talent, skills that are relatable to new working procedures influenced by the inception of digitization in the workplace.

Digitalization and globalization have sparked radical shifts in our attitudinal response to life and work.

The integration of automation enables workers to focus more on important tasks like problem solving, product designing, and data interpretation. In the future, employers will seek out candidates that can continuously learn and develop new skills that are related to digitization.

The integration of Automation into the workplace is not only changing the nature of work but also influencing existing working procedures.

The impact of digitalization and automation has resulted in a skill mismatch in employment, this is due to the advances in robotics, artificial intelligence, and other relatable digital technologies. This have also impacted the future of vocational education and training especially in the areas of gig work or remote ICT-based work. Bringing artificial intelligence into our work ecosystem is a prime example of the power of digital transformation. AI-powered chatbots that respond to simple customer inquiries serve as a welcoming presence on your website, reducing the time customers spend while engaging an agent. It’s about technology, data processing, and organizational change in terms of the workforce which definitely will be a drastic change in the number of workers, and people who are skilled in the application of digitalization.

The impact of digitisation  on changing nature of  work  with regards to  productivity   can’t be overemphasied but it appears that some   business can still be deterred by two underlying factors in which the  working modalities digitisation tends to  improvised due to  financial incapacity of some businesses particularly those situated in  deep remote areas where internet connectivity is inaccessible.

These two underlying factors highlighted if not resolved will deter the application of Digitization in working procedures, because the cost implications coupled with maintenance costs. There’s always an opportunity for collaborating  in this digital era, small-scale businesses and startups should understand how it will create viability and visibility for their enterprise. On the part of the large-scale businesses and investors, adoption of digital tools in their workplace ecosystem might be easier because of the level of operation which is quite different from  other category of businesses which are affected by these two factors.

♦ Babatunde Adekanmbi is an experienced media communicator and Digital Creator with a demonstrated history of working in the civic and social organization industry. Contacts: Email babatundeadekanmbi@gmail.com; WhatsApp +2348096570499 , Call+2348096570499

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Nigeria loads first crude at huge new Dangote refinery

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December 9, 2023

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Nigeria’s huge oil refinery built by Africa’s richest man Aliko Dangote received its first crude deliveries, the company said on Saturday, in the latest step to starting up the delayed megaproject.

Billed as Africa’s largest of its type, the 650,000 barrel-per-day Dangote refinery could be a game changer for Nigeria’s economy when fully operational by helping ending the country’s reliance on fuel imports.

Dangote Petroleum Refinery received an initial shipment of one million barrels of crude from Agbami deepwater field and began loading on Friday, the company spokesman said Saturday.

The initial run will be for production of diesel and aviation fuel before moving on to petrol output.

Dangote gave no date for the actual start of refinery production.

Though one of Africa largest oil producers and the continent’s top economy, Nigeria relies almost totally on imported fuel and diesel because of a lack of refining capacity.

Nigeria swaps crude worth billions of dollars for petrol that it had subsidised for years to keep prices cheap for its domestic market.

Fuel imports and subsidies caused a huge drain on foreign exchange when Nigeria was struggling with dwindling oil revenues and foreign currency shortages.

“Dangote Petroleum Refinery can meet 100 per cent of  Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also have surplus of each of these products for export,” the company said in a statement.

The facility sits on 2,635 hectares (6,500 acres) of land at the Lekki Free Zone on the edge of Lagos city and cost an estimated $19bn, according to local media.

The refinery, first scheduled to open in 2021, was officially inaugurated by then president Muhammadu Buhari earlier this year and was supposed to begin operations in June.

Since coming to office in May, President Bola Ahmed Tinubu has ended the long-standing fuel subsidy and floated the naira currency in economic reforms he says will attract foreign investment and build long term growth.

The former Lagos governor has called on Nigerians to be patient with his reform programme as the initial impact saw fuel prices soar, a sharp fall in the value of the naira and an increase in the cost of living.

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Businessman sentenced in $180m bank fraud that paid for lavish lifestyle, classic cars

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1 month ago

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November 4, 2023

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CLEVELAND (AP) — A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison.

Najeeb Khan, 70, of Edwardsburg, Michigan, told a federal judge Thursday that he was “blinded by greed” to carry out the scheme and buy more than 250 cars, as well as airplanes, boats and a helicopter, according to Cleveland.com. Besides receiving a 97-month sentence, he must pay $121 million in restitution to Cleveland-based KeyBank, $27 million to clients and $9.8 million in back taxes.

Authorities have said Khan carried out the fraud from 2011-2019 while growing his payroll processing business in Elkhart, Indiana. He funneled dozens, sometimes hundreds, of checks and wire transfers with insufficient funds through three banks, artificially inflating the amount in his accounts. He siphoned off about $73 million for himself.

He used the money to fund a lavish lifestyle that included expensive vacations, mansions in Arizona and Michigan and properties in Florida and Montana, as well as planes and yachts. His massive car collection included pristine vintage Ferraris, Fiats and Jaguars.

Khan had plead guilty to bank fraud and attempted tax evasion. His attorneys said he had helped his victims recover some funds, in part by selling off his car collection that fetched about $40 million at auction.

Prosecutors said that when Khan’s scheme collapsed, about 1,700 of his clients lost out on money Khan’s company had withdrawn for payroll taxes. Those companies included small- and mid-sized businesses, nonprofits and charities, including the Boy Scouts of America and four Catholic dioceses.

Some victims had to pay the IRS or their employees out of their own pockets or take out lines of credit, prosecutors said. Others laid off employees.

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Houston’s Mayor, Sylvester Turner at the FITCC Event – Spectacular Photos

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1 month ago

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November 4, 2023

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Houston’s Mayor, Sylvester Turner, attended the Fidelity International Trade & Creative Connect (FITCC) conference where he gave an opening speech emphasizing the significance of hosting such a global event in the fourth-largest city in the United States. October 24-25, Fidelity Bank Plc. Nigeria premiered this international trade and creative fair attracting the brightest minds and industry leaders to explore the ever-evolving landscape of international trade, exports, and creative connections.

Houston’s Mayor, Sylvester Turner is being introduced to Mustafa Chike-Obi, Chairman of Fidelity Bank Nigeria by event facilitator, Linda Anukwuem.

Houston’s Mayor, Sylvester Turner is being introduced to the President of Afreximbank, Professor Benedict Oramah

To Mayor Turner, this event meant so much to his administrative agenda regarding global commerce. For instance, he just led a three-country trade mission to West Africa. He will out-serve his tenure next month, making this event his last endeavor to strengthen the City’s business ties with Africa.

Houston’s Mayor, Sylvester Turner greets the President of Afreximbank, Professor Benedict Oramah

Houston is designated as a hub for international commerce, known as the energy capital of the world, and a global leader in healthcare, aeronautics, advanced manufacturing, and innovation. Besides having the largest Nigerian population in the country, the city remains the most diverse, with over 2.5 million residents. The city also holds the largest port in the U.S. in foreign tonnage, two international airports, and the largest medical center in the world. In addition, more than 5,000 Houston companies are engaged in international business, and approximately 1,000 Houston firms report foreign ownership.

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