A year after its launch, the AI behemoth Open AI announced earlier this week at its first developer event that over 100 million people are using its tool weekly and that its API is being used by more than 2 million developers to create solutions.
Upon considering these figures and their implications, it is clear that, as recently as yesterday, earlier proponents of AI, such as Wordsmith and Arria, who operated on an alternative business-first model, were unable to claim such figures.
The past 9 months have seen huge investments and deployments in AI. AI Companies have been founded, and their products, popularly termed GPT Wrappers launched. GPT wrappers are specialized applications that are customizations of GPT models to specific business needs.
They act as a layer that interprets industry-specific data and user queries, enabling personalized and contextually relevant AI responses.
With more enterprises now having the capability to build GPTs baked on the recent announcement, for Nigerian businesses, this means the ability to provide tailored services at scale — a game-changer for sectors like customer service, finance, and healthcare.
Businesses like Traavu AI currently leverage GPT models to provide significant value to their target users. Traavu is improving access to global markets by simplifying global mobility and business expansion for African and Nigerian businesses through its premium service and suite of tools.
Consider a tech startup founder who wants to expand their business to the UK but is unsure of a suitable visa pathway, eligibility and application readiness.
With Traavu’s AI-guided self-assessments and Smart Suggest, the founder can self-assess and receive a readiness score and personalised detailed suggestions or advice on how to improve their situation jet fast – in less than 5 minutes.
OpenAI’s suite of GPT models, particularly GPT-4 made this possible. Traavu’s users who are tech founders and talented tech professionals typically ask questions about the UK Global Talent Visa (Tech Nation Visa), a fast-track route that enables tech talents to move and build new businesses or work in the UK.
They ask questions like; “am I eligible”, and “Is my business eligible”, “What would I need to meet the criteria”, “How do I tell my story”. Since launching the tool in October, Traavu has garnered a significant number of respondents who seek answers to their numerous questions on the UK Global Talent Visa, relocation and business expansion.
Traavu’s ingenuity has demonstrated the value of GPT technology as it has enabled it to drive efficiency, reduce costs, and create new value propositions.
Previously Traavu used an enterprise session booking tool to onboard its users. It discovered that 70% of users who booked sessions would not attend despite reminders, and 25% who attended were not ready, leaving 5%.
This posed a significant waste of time and resources, all of which changed since the adoption of AI. By automating repetitive tasks, businesses can save time, and redirect their focus to strategic initiatives that drive innovation.
Although there is a lesson for Nigerian businesses to learn from this, which could pave the way for substantial economic growth, it is also important to recognise that the average Nigerian business faces a variety of difficulties, such as inadequate infrastructure and a skills shortage.
The advancement of technology infrastructure and education will play a role in the success of AI in Nigeria. As a proponent of AI literacy, I think it’s essential to build relationships with academic institutions.
Through specialised curricula, online courses, and practical workshops, we need to equip the Nigerian workforce for an AI-powered economy. To guarantee that the development of AI enhances rather than replaces human potential, upskilling is essential.
The potential for job creation is another exciting avenue. While there are concerns about AI replacing jobs, the reality often sees a net gain in employment as these prompts will not write themselves.
According to the World Economic Forum’s Future of Jobs Report 2023, the skills with the highest share of companies reporting growing demand include analytical and creative thinking, followed by technological literacy, curiosity and lifelong learning, resilience and flexibility, systems thinking and AI and big data.
AI necessitates new roles — data scientists, Prompt Engineers/Writers, AI trainers, and maintenance experts — leading to a surge in high-skilled jobs.
What’s more, productivity enhancements from AI adoption can lead to economic growth, ultimately expanding the job market.
For Nigerian businesses, the path to AI adoption should involve both short-term and long-term strategies. In the short term, businesses can start by implementing AI for process automation and customer engagement.
As per the World Economic Forum, across 45 economies, covering 673 million workers, 69 million new jobs are expected to be created.
Nigeria’s Long-term strategies should focus on building comprehensive AI capabilities and nurturing a culture of continuous learning and innovation.
The adoption of AI and GPT technologies by Nigerian companies is expected to transform the country’s economic environment and usher in a period of increased creativity and productivity.
Let’s face the challenges ahead of us with forethought and cooperation as we set out on this journey, creating a future where human ingenuity and technology work together to propel Nigeria into an era of unparalleled prosperity.
To partner with Traavu to kickstart your business expansion journey to the UK, get started here.
Justin Chuka Aboh
Justin Chuka Aboh is a visionary Product Designer renowned for converting concepts into groundbreaking solutions.
With a knack for narrative, he shapes user experiences that not only pique curiosity but also amplify the user’s perspective.
His extensive portfolio spans a diverse set of sectors—fintech, healthcare, blockchain, finance, education, global mobility, and e-commerce—reflecting his versatility and commitment to innovation.
Whether it’s a startup looking to harness the power of AI technology or a firm aiming to refine its productivity tools, Justin stands ready as a creative ally to navigate the path of innovation and problem-solving, dedicated to realizing the full potential of every project. Justin is a Product Lead at Traavu AI.