New technologies have over time proven to
create opportunities for nation-building and economic growth as they have a
direct influence on every sector of the economy. The use of technology
facilitates the efficient production of more and better goods and services,
which is what economic prosperity depends on. One often wonders what the
influence of technology on economics is, and in what ways it has influenced
economics and nation-building.
Christopher Bond gave a quote a long time
ago, that answers these two questions. Bond said, “Advances in technology will
continue to reach far into every sector of our economy. Future job and economic
growth in the industry, defence, transportation, agriculture, health care, and
life sciences are directly related to scientific advancement.”
Today, it is not hard to draw a line
between growth in certain sectors in a macroeconomy and the contributions of
technology. Technology influences productivity in areas such as international
trading, agriculture, corporate business, and medicine, among others. This has
also greatly reduced the cost of manual labour.
New technologies have found use cases in
industrial expansion, and international trade and new professions are emerging
every day in this field, creating jobs for many youths. These technologies can
reduce the time it takes to produce a product or provide a service, increasing
a company’s overall earnings. This was why Interswitch, Africa’s leading integrated
payments and digital commerce company, sponsored the 2022 Localhost Meetup, a
forum to address how tech developers can “Build to Scale”.
Localhost meetup is an event that serves as
a community-building platform for tech enthusiasts to discuss the possibilities
of Cloud infrastructure and the adoption of DevOps in Nigeria and across the
globe. The platform also enables tech enthusiasts to gather and discuss changes
in the tech ecosystem. Interswitch sees the relevance of growing a community of
tech enthusiasts in Nigeria as well as providing
Application Programme Interface (API)
infrastructure to support their diverse digital projects and for this reason,
it familiarised developers with its APIs and Developer Tools that require zero
cost to integrate. Participants were able to leverage on Interswitch’s large
arsenal of robust APIs with access to implementation protocols that are in
continuous delivery with Policy as a Code and Open Policy Agent, components of
the API. The API infrastructure allows a smooth integration of vital features
for users’ optimal experiences when developing their products from start to
finish.
In this way, tech enthusiasts, who are
poised to shape the future, are empowered using technology to shape the African
narrative by providing bespoke solutions to address local challenges.
The African payments giant’s commitment to
growing a community of tech experts in Nigeria is unwavering as it is enabling
systems and enterprises for the coming generation. Localhost Meetup was a platform
for Interswitch to showcase its robust API and an avenue to network with key
stakeholders in the industry.
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