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Business Leaders Urge to Adopt Digital Innovation to Gain Competitive Advantage and Attain New Frontiers

The leaders of business have been urged to adopt digital innovation in order to gain competitive advantage and move the business to new frontiers.

Mr John Obaro, MD/CEO of SystemSpecs spoke to business leaders at the opening of a virtual two-day Executive Education Programme hosted by Financial Institutions Training Centre (FITC).

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The FITC event, which helped businesses to be more intentional about improving performance through the adoption of digital technologies, robust business models and highly innovative workforce, exposed participants to innovative tools, skills, trends and techniques to thrive in an immensely competitive world.

SystemSpecs is the provider of Remita, HumanManager and Paylink, is home to some of the most innovative financial and human capital technology solutions and services from Nigeria to the rest of Africa and the world.

“The capability of organisations to adopt technology and enhance different aspects of their operations for optimal productivity and sustained growth will determine the extent of their success.

“Businesses must innovate around the challenges that confront the world today while also leveraging the limitless opportunities that the future holds,” he explained.

Represented by the Executive Director, Public Sector and Special Projects, Demola Igbalajobi, Obaro opined that the implementation of digital transformation strategies is no longer just an option but a necessity for businesses.

According to him “it is important to be clear on the objectives and desired outcomes of such exercise. Organisations must also invest in the enhancement of processes, people, tools and products as well as ensure they maintain good standing with the laws of the land.

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“Transformations do not happen on a platter; they require deliberate actions taken in the face of restricting regulations, competing priorities, noncommittal stakeholders and a dearth of resources like funds and expertise”.

However, Obaro identified the need for organisational cultures that support innovation because with a non-progressive organisational “culture will dwarf or even be the death of any innovative strategy”.

FITC provides top-notch performance improvement solutions through learning, advisory and research services to all sectors of the economy.