CWG Sets innovation agenda @ 25th anniversary
James Agada, chief executive officer, CWG Plc, says that the information and communications technology solutions provider will be focusing on innovation in its business model in the second half of its golden jubilee.
Agada stated this at an event marking 25th anniversary CWG held in Lagos.
He said that the company’s resolve to focus on innovation is based on the impact of innovative solutions and services in the survival of the CWG after its experienced business losses few years ago.
“During economic recession, 30% of our loss was as a result of foreign exchange and we decided not to take any business that is related to foreign exchange, with this decision we lost 50 percent of our business which was a difficult decision to take. We were able to survive because of innovative products and services these include our ATM-as-a-service.
“This means that instead of banks to buy ATM from us we deployed and operated it for them and they pay for the service ATMs perform,” he said.
He added that CWG also have innovation around platforms. “We started going to the market and asked organisations, how do you want to grow your business? When we started this interaction we noticed that the market is a lot bigger than we thought. It was then we discovered that Nigerians spend N5billion in gaming every day. This led us to start building solution around those areas where a lot of people are spending money to add value to the process,” he said.
He noted that CWG in the next 25 years will be about impact as the company is focusing on solving problems. Problems, that when they are solved will have impact on the lives of the people.
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