Key Highlights

• Generative AI (Gen AI) continues to bring new waves of innovation globally, shaping knowledge, learning, creativity and productivity at unprecedented scale and scope.

• According to McKinsey research, GenAI is projected to potentially contribute up to $4.4 trillion to the global economy annually. Use cases for GenAI have continued to expand, and cut across healthcare, education, finance, agriculture, and construction.

• AI is here to stay. We believe Nigerian businesses should explore GenAI to improve operational efficiency, drive innovation, automation, and customer experience. Nonetheless, business leaders must ask and answer the below questions before launching any GenAI project :

1. How does a business start their GenAI journey responsibly?

2. How should businesses organize for GenAI implementation and roll out?

3. What skills and resources do businesses need to leverage GenAI opportunities effectively?

4. What are the best practices and approaches to implementing/adopting GenAI for businesses?

5. How do businesses measure the value of GenAI and prioritise the multiple use cases?

6. How can businesses balance value creation, risk and cost when implementing GenAI projects?

7. How can leadership team and board members understand GenAI and drive its adoption within the company?

8. How can businesses ensure that their supply chain, partners and major clients are aligned with their GenAI journey?

9. What are the inherent risks associated with GenAI and how do businesses manage them?

10. How will GenAI impact Sub-Saharan Africa region in the short and long-term?