Radisson Blu, Ikeja hosts the maiden edition of the Telecoms Industry Risk Management Conference on February 20-21, 2024
In a significant gathering of distinguished guests, industry leaders, and esteemed participants, Mr. Kelechi Nwankwo, Head of Corporate Planning, Strategy & Risk Management (HCPSRM), extended a warm welcome at the Telecoms Industry Risk Management Conference held at Radisson Blu, Ikeja, Lagos on February 20-21, 2024.
The conference, organized by the Nigerian Communications Commission (NCC), aligns with the Commission’s commitment to review operating standards, introducing new ones in line with international best practices, fostering resilience in the communications industry. Dr. Aminu Maida, Executive Vice Chairman/CEO, reiterated this objective in consultations with industry and media executives.
Under the theme “Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends,” the conference initiated an exploration of the rapidly evolving landscape of the telecoms industry. The need to analyze, adapt, and effectively manage the risks accompanying innovation and development took center stage.
The telecoms industry, amid technological advancements such as 5G networks, the Internet of Things (IoT), Artificial Intelligence (AI), and Cloud Computing, faces immense opportunities coupled with significant risks. The conference emphasized the collective responsibility to address these risks to safeguard industry growth and sustainability.
Citing a World Economic Forum (WEF) survey, Mr. Nwankwo highlighted AI-generated misinformation/disinformation as the second most likely risk and cyberattacks as the fifth most likely global crisis in 2024. The conference underscored the importance of collective engagement, discussions, insights from industry experts, and the development of strategies to navigate the evolving landscape.
Over the course of the conference, participants engaged in discussions, shared experiences, and collaborated on strategies to mitigate technological risks. The focus extended beyond technological risks to harnessing technological innovations to address environmental, societal, economic, and geopolitical challenges.
Mr. Nwankwo urged participants to actively engage in sessions, openly dialogue, and contribute to fruitful discussions. The conference aimed to unlock new approaches to risk management, shaping the future of the telecom industry. As the industry undergoes remarkable transformations, the responsibility lies with its stakeholders to stay informed, prepared, and proactive in managing potential risks.
In concluding his address, Mr. Nwankwo once again welcomed all distinguished guests and participants, encouraging them to embark on the journey of exploring the evolution and future of risk management in the telecom industry while harnessing the benefits from emerging technologies and trends.
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