Inq Group, a Pan-African edge technology provider says it has develop Artificial Intelligence (AI) product to boost the efficiency of the energy market in Nigeria.
Speaking during a news briefing on Tuesday in Lagos, Mr Andile Ngcaba, Chairman, Inq Group, said that the AI solution would be integrated into the distribution network of energy distribution companies (DisCos), enabling real-time analysis of energy flow and tracking energy leakages.
Ngcaba said that Inq operated in 10 countries across the emerging markets, but its goal in Nigeria was clearly to use AI to make energy generation, transmission and distribution in Nigeria more efficient.
He said that in each of the 10 countries it operated, the company focused on providing specific solution, using AI, hence, focusing on the energy sector in Nigeria.
According to him, Inq has the capability that will help Nigeria grow and move from the level it is in information technology to a much higher level.
”Inq has one singular capability that no one can compete with us in Africa, in the field of Artificial Intelligence. Artificial Intelligence is a knowledge and skill that every country, every company, every individual, every good business requirements.
”We have locally built the continent’s leading intellectual property in artificial intelligence. Our products aren’t plug-ins to another man’s technology.
”We will lead the continent’s adoption of AI and bring it to real-life cases in agriculture, energy, and digital recognition.
”Inq possesses the knowledge, the intellectual property in the field of artificial intelligence, and we are bringing Artificial Intelligence in Nigeria, in order to make sure that Nigeria must participate in the artificial intelligence race that is taking place in the world,” he said.
Ngcaba said that Inq Group had operated in Nigeria for about four years, and in that time, had provided enterprise-level cloud, connectivity, and IoT solutions for businesses in the country.
Also speaking, Mr Valentine Chime, Managing Director, Inq Nigeria, said that electricity in Nigeria was powered by distribution companies, who collect monies from end users to pay the companies transmitting and generating electricity.
Chime said that the DisCos had struggled to remain profitable, due to the lack of proper analytics to track the distribution and detect mass leakages.
”This is where we come in. We are already in talks with the government for adoption,” he said.