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Finally, Microsoft Is Bringing Development Center to Lagos, Hiring Dozens

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Microsoft seems to be putting deep focus on Nigeria. It reported weeks ago that it was opening an AI research unit in Lagos. Now, it is going to also build development centers in Africa with Lagos as one of the centers. The company plans to spend $100 million in the next five years to build the development centers in partnerships with local partners and governments. Microsoft also plans to hire in Lagos and Nairobi, another development center, about 100 full-time developers by the end of 2019, and expand the number to 500 by Q4 of 2023.

Microsoft Corp.  plans to spend more than $100 million over five years to open its first development centers in Africa to work with local partners and governments, as well as hire engineering talent.

Initial sites will be in Nairobi, Kenya’s capital, and Lagos, Nigeria’s commercial hub. The software giant plans to hire 100 full-time developers at the two sites by the end of this year and expand to 500 by the end of 2023, Microsoft said in a statement Tuesday.

The Redmond, Washington-based company plans to use the sites to recruit African engineers to work in areas such as cloud services, which use artificial intelligence and applications for mixed reality – where customers use goggles to project 3-D images onto the real world

This is looking better here – they used to send salespeople. Now, we are getting engineers and technical fellows that will build AI and Mixed Reality technologies in Lagos.

The current marginal GDP growth in Nigeria is largely due to technology – let us keep it going. Without telecoms and startups, Nigeria will possibly be on recession. So, technology is playing a major role, and as entities like Microsoft come onboard, we will see more growth in the economy.

Derq is Using AI to Prevent Road Accidents

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DUBAI. UNITED ARAB EMIRATES, 20 June 2017. DERQ Co-Founder and CEO Dr Georges Aoude and partners who's start-up has raised $1Million in Middle East Investment. (Photo: Antonie Robertson) Journalist: Nick Webster. Section: National.

By Nnamdi Odumody

According to the WHO Global Status Report on Road Safety 2017, there are 1.35 million fatalities from road accidents every year due to preventable crashes, and between 20 and 50 million sustain non fatal injuries.

The Nigeria’s National Bureau of Statistics (NBS) report shows that in the first quarter of 2018, about 1292 people died in 2,482 road accidents in Nigeria. Speed Violation was reported as the major cause of road accidents in Q1 and it accounted for 50.81 percent of the total road crashes reported. Between July and September 2018, no fewer than 126 lives were lost in road accidents.

From the data, a total of 28,195 lives were lost in 68 months i.e. 415 lives every month, 14 persons every day and two lives every four hours.

The Federal Road Safety Corps (FRSC) stated that in May 2017 there were 33.7 deaths per 100,000 people in Nigeria from road accidents which is one of the highest in Africa with Zimbabwe the worst in the world with 74.5 deaths per 100,000 inhabitants. The world average is 17.4 while Africa is 26.6. Norway has the least road fatality in the world with two deaths per 100,000 inhabitants, according to International Transport Forum Road Safety Annual Report for 2018.

Derq, a spin off from MIT based in Detroit and Dubai, wants to prevent these horrible tragedies from happening. It has a mission to eliminate road accidents and save lives by using proprietary artificial intelligence and V2X (Vehicle to Everything) technology. It can predict and prevent car accidents before anyone else on the road.

Its goal is to predict and prevent collisions at any time, independent of vehicle model, autonomy and surroundings. In Detroit and Dubai, Derq’s software monitors vehicles, pedestrians, bicycles, scooters and other vulnerable road user interactions to predict and prevent collisions, creating up to two additional seconds of warning time for drivers and vehicles.

Its V2X technology is designed to support improved automotive safety, automated driving and traffic efficiency and is based on globally recognized 3rd Generation Partnership Project (3GPP) specifications with ongoing evolution designed to offer forward compatibility with 5G. Its technology spans driver behavior modeling, deep learning methods, advanced driver assistance, perception and sensor fusion, V2I Communication and Embedded Systems Design.

Derq won the first prize for Artificial Intelligence pitch at the 2019 SXSW Pitch.

Nigeria will need this as we are losing many people on road accidents in the nation.

Lionel Messi Scores a Theme Park in China

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By Nnamdi Odumody

FC Barcelona and Argentina superstar Lionel Messi is worth about $400million. He earns about $84 million annually in salary and other bonuses from FC Barcelona. He owns a four star hotel in Barcelona, Catalunya, real estate and has a lifetime contract with Adidas which will earn him $12 million per annum and other endorsement deals bringing $27million annually with Gatorade, Pepsi, Chinese social network Weibo, Huawei and Israeli technology company Sirin Labs which produced the first blockchain smartphone.

Leveraging on his fan base in China, a collaboration among MediaPro, Leo Messi Management and Phoenix Group has resulted in the development of a theme park-  Messi Experience Park in Nanjing, China which will be opened in 2020.

The developers of what they claim will be the world’s biggest soccer-themed park have given a glimpse of the planned attraction based in eastern China around legendary player Lionel Messi.

The 170 million (US$200 million) project – called the Messi Experience Park – is being developed by Spanish firm Mediapro Exhibitions and Messi’s management, and is expected to open in 2020.

The park will feature robotic attractions with audiovisual productions, Mixed Reality, Synthetic Characters and Holographic Technology, Performing Arts Event Centre, Gastronomy, Merchandising and a Hotel, High Speed Train link to Shanghai, Inbuilt Metro station to aid transport to the park as well as various attractions across 46,000 sqm public spaces.

A total sum of 170 million euros has been invested in the project which will be the world’s biggest theme park dedicated to football.

MediaPro hopes to receive about 40 million visitors annually with 80 percent of them from China while the remaining 20 percent will come from outside the Middle Kingdom. The expected price per ticket is $41.

In 2018, a Chinese football club Hebei Fortune wanted to buy Lionel Messi in a world record 1.4 billion euros from FC Barcelona.

Utiva, a Data Analytics Accelerator, Will Run FREE Sessions on May 18th in Lagos [Register]

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In today’s highly competitive and diverse job market, it is very imperative and necessary to stay relevant. So, the best thing to do is to position yourself for the future of work!

The World Economic Forum and so many other global reports and studies have revealed that Data Analytics is one of the top skillS for the future. If you are not analytical with data, you might not be relevant in the new dynamics of work.

Utiva runs one of the best data analytics accelerators in Nigeria and you should attend the introductory session.

Welcome to the registration page for the Utiva Data Analytics Academy Introductory Class! A session that helps professionals and entrepreneurs understand the relevance of big data and data analytics to the future of work and how they can leverage on this knowledge area to significantly scale their career growth.

It is a 3-hour hands-on session that eventually leads to the Utiva Data Analytics Academy.

During this event, you will be introduced fully to the Utiva Data Analytics program and how we can help you find your feet in the Big-data Ecosystem. This class is a STRICTLY BY INVITATION

It’s a free session for professionals only – a 3-hour session that helps you start your journey as a data analyst.

Scheduled to run on the 18th of May, 2019.

Strictly by registration and invitation. Venue is Lados.

You can register here: http://bit.ly/2vH8gLv

Nigeria Needs Auditing-Only Firms To Reduce Conflicts And Boost Independence

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There are many lapses in the auditing systems in Nigeria. We need to fix them if we expect to rise as a nation. To do that, we need to go legislative and have reforms on how to structure auditing firms.

My recommendation remains: no company can be an advisory firm and also an auditing firm. Advisory and Auditing businesses should be independent companies, not just divisions or units within one company – either you do advisory or you do auditing.  That way we can reduce conflicts

I am not an accountant and please bear with me for my perspective on this. But I have seen things that make me sad. In Nigeria, we need to ensure that any company offering Auditing services cannot sell Advisory services besides audit!  Simply, all auditing firms must do only one thing – auditing.

It is foolishness to expect a company that just won a consulting business from a bank on technology transformation to also audit the same bank when its projects are part of the auditing targets. The expectation that the consultant’s audit and technology units are sequestered in their internal operations is an illusion. Nigeria needs to fix this loophole as our professional maturity is still at infancy.

I am troubled on what I am learning from the CBN’s leaked audio. Those books were audited and certified fine! But when the same guy auditing you is asking for advisory business on technology services, independence goes away. You do not allow that in electronic design – you make sure signals have their clear paths, uncorrupted by noise. Lumping advisory and auditing services under one firm is evil and it corrupts!