By Benson Daniel
An artificial intelligence expert has urged governments, businesses and investors to increase funding for emerging technologies, stressing that strategic investment in innovation is essential to driving economic growth, improving productivity and enhancing global competitiveness.
The expert noted that technologies such as artificial intelligence, machine learning, robotics, blockchain, cloud computing and the Internet of Things are rapidly transforming industries worldwide, creating new opportunities for businesses while reshaping the future of work.
According to the expert, countries that prioritise investment in advanced technologies are better positioned to attract foreign investment, stimulate entrepreneurship and build resilient digital economies capable of competing in the global marketplace.
The call comes as governments and private sector organisations across the world continue to increase spending on digital transformation, research and development to harness the economic potential of emerging technologies.
Industry stakeholders observed that while technological innovation offers significant opportunities, sustained investment is required to strengthen digital infrastructure, improve internet connectivity and expand access to modern technologies. They also emphasised the need for policies that encourage innovation, protect intellectual property and support technology startups.
The expert further highlighted the importance of developing a skilled workforce capable of meeting the demands of a technology driven economy. Increased investment in digital education, technical training and research institutions, the expert said, would equip young people with the knowledge and skills needed to thrive in emerging industries.
Business leaders believe collaboration between governments, universities, research institutions and private investors will be crucial in accelerating innovation and commercialising new technologies. Such partnerships, they argued, can help bridge funding gaps, encourage knowledge sharing and support the growth of technology ecosystems.
Analysts noted that embracing emerging technologies could significantly improve efficiency in sectors such as healthcare, agriculture, manufacturing, education and financial services, leading to higher productivity and sustainable economic development.
As digital transformation continues to reshape economies around the world, experts maintain that increased investment in emerging technologies will be critical to fostering innovation, creating high value jobs and positioning countries to benefit from the next wave of technological advancement.
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