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.