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IDC Predicts ICT Spending in META to Hit $243Bn in 2017

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ICT spending in the Middle East, Turkey, and Africa (META) is forecast to total $243 billion in 2017, according to the latest insights has presented  by International Data Corporation (IDC).

Hosting its annual ‘IDC Predictions’ event at Dubai’s Burj Al Arab hotel, the global technology research and consulting services firm said it expects the region’s ICT market to grow 3.6% year on year in 2017.

While this is down on previous forecasts, it still represents a considerable improvement on the 1.6% year-on-year growth that is anticipated for the current year.

“There’s no doubt that 2016 has been a particularly challenging year, characterized by currency volatility, weak oil and commodity prices, and a subsequent softening of government spend,” says Jyoti Lalchandani, IDC’s group vice president and regional managing director for META.

“And while these issues will continue to linger, we expect organizations to start pushing ahead with their planned technology investments as the ‘wait-and-watch’ period draws to a close. Digital transformation initiatives will top the CIO agenda in 2017, as emerging technologies are increasingly leveraged in an effort to drive desired business outcomes. Innovation will be key in this regard, and we expect to see considerable disruption of the traditional ICT mix as a result.”

Complementing that disruption will be an acceleration in the shift towards software and services in the region’s IT market.

Indeed, IDC expects spending on software and IT services to grow at respective CAGRs of 7.0% and 8.6% over the 2015-2020 period, far outstripping the 1.7% rate of growth anticipated for hardware. Communications, finance, and government will be META’s biggest-spending verticals in 2017, but healthcare, transportation, and utilities are expected to be the fastest growing over the five-year forecast period.

IDC expects the markets of South Africa ($10.5 billion), Saudi Arabia ($7.5 billion), the UAE ($6.2 billion), and Turkey ($5.6 billion) to once again lead the way in terms of IT spending in 2017 as 3rd Platform technologies like cloud, big data, social, and mobility become investment imperatives and dominate the ICT decision-making agenda. The emergence and increasing traction of so-called ‘innovation accelerators’ such as the Internet of Things (IoT), robotics, cognitive systems, virtual reality, next-gen security, and 3D printing will both disrupt and boost this spending on the 3rd Platform.

Today’s event saw IDC outline five overarching trends that it expects to shape the region’s investment landscape over the coming 12 months and beyond.

The first of those was that cloud will accelerate to a new level of adoption in 2017, with increased competition among cloud providers set to drive aggressive pricing, bundling, and customer service, as well as a growing focus on securing SME accounts.

The second major trend identified by IDC was that big data analytics will become increasingly more predictive than descriptive in nature, driving new use cases around exploration and discovery, performance management, and operational intelligence.

IDC’s third major trend for 2017 builds on the idea that the emergence of innovation accelerators will usher in a new wave of IT disruption as early adoption gathers pace. In particular, IDC expects the transformational impact of IoT to become more evident over the course of the next 12 months, with the most prominent use cases to include freight monitoring, smart grid electricity, manufacturing operations, production asset management, and remote health monitoring. Given these applications, it makes sense that the biggest spenders on IoT in 2017 are tipped to be the region’s manufacturing, transportation, utilities, and healthcare verticals.

The fourth major trend identified by IDC is the fact that maintaining security continues to be the number-one challenge facing the region’s CIOs, with spending on security solutions by META organizations set to cross the $2 billion mark in 2017.

IDC expects threat management, compliance remediation, security management, automatic malware removal, and mobile security solutions to be the top five investment priorities in this area.

Finally, IDC anticipates a more pragmatic focus from the region’s Smart City initiatives in 2017, with governments and their partners looking to enable innovative transportation, citizen engagement, and emergency response services that drive tangible improvements in the lives of their residents.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Innovantics Bags Best Biometric Banking Solutions of the Year Award @ ABoICT 2024

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Innovantics Limited, end-to-end custom-built software solutions provider, has won the best biometric banking solutions of the year award at this year’s Africa Beacon of ICT (ABoICT) Awards held in Lagos at the weekend.

Innovantics Bags Best Biometric Banking Solutions of the Year Award @ ABoICT 2024

The biometric banking solutions was implemented by Innovantics for UBA, Africa’s pan-African bank to solve difficult business problems.

At the award ceremony organized by Communication Week, publishers of Nigeria CommunicationsWeek, Innovantics was commended for its biometric authentication, facial recognition solutions.

The Africa’s Beacon of ICT Merit Awards Series is widely regarded as the most prestigious annual event available in the ICT industry in Nigeria.

This year, the theme “Artificial Intelligence (AI): The Good, The Complex and The Anticipated” and it drew top politicians and government functionaries as well captains in the ICT industry as well financial institutions

Commenting, Ken Nwogbo, editor-in-chief and founder, Nigeria CommunicationsWeek, said that that the award will provide Innovantics with encouragement to continue to deliver and sustain more innovations.

In accepting the award, Thomas Ashi, co-founder and Digital Transformation Lead at Innovantics, who led the implementation for UBA, said that “we are also focused on positioning Innovantics, as a prominent player in the solutions space. Offering specialised and customised solutions across our coverage areas.”

Armed with bachelor’s degree in Physics from the University of Calabar, and an MBA from the Lagos Business School, as well MSc in Data Science and Analytics from the University of North Carolina, Charlotte, USA, Ashi said “Our future depends on us, so let’s build it together”

Ashi over 17 years of working experience included a one-year stint with Shell Petroleum Development Company of Nigeria where he participated in the Shell Intensive Training Program for graduates, popularly known as SITP/1, specializing in Information Technology.

Afterwards, he spent two years with the Catholic Institute of West Africa, Port Harcourt, as a Systems Administrator, where he set up the school’s Wide Area Network and Internet Access, before proceeding to work for Diamond Bank Plc.

For more than 12 years, his roles in the Bank’s IT department span, Software Development, Business Process Engineering, Business Analysis and Project Management. While in Diamond Bank, Ashi was credited for developing the first local global trade solution for the Bank’s International Trade Business, a Money Market Solution, an IT helpdesk platform, and a host of other solutions. He also pioneered the implementation of a Business Process Management platform for the Bank which accelerated the bank’s retail expansion by over 1000%.


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Tapswap Server Reportedly Breaks Down Due to Overcrowding from Nigeria

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TapSwap, a well-known cryptocurrency platform where users can engage in games to accumulate coins for later conversion into actual currency, has allegedly experienced a malfunction.

Tapswap Server Reportedly Breaks Down Due to Overcrowding from Nigeria

This information came to light through a series of social media posts discussing the platform’s current status.

Online posts have pointed out that TapSwap is presently undergoing maintenance and has become inaccessible due to a breakdown caused by excessive traffic.

Several users affected by the disruption have shared screenshots of notifications from TapSwap explaining the cause of the breakdown and subsequent maintenance.

Reacting to the post:

@Jessicalevi13: “TapSwap server always going down, lol. The only thing I see is Tears Loading.”

@CryptoDefiLord: “With the large numbers of people coming into #TAPSWAP every day, the team should be adding more servers to accommodate all these people. @tapswapai is the leading tap tap token on Telegram and shouldn’t be having such problems.”

@connectwithtola: “#TapSwap is overcrowded! Kudos to every Nigerian out there on TapSwap, we took this project mainstream 👏 I hope other projects are ready for us? We have so many powers 👹 to unleash heavily.”

 


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CITAD Launches Artie Robot, Coding Training of Girls in Kano

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Centre for Information Technology and Development (CITAD) has initiated an Artie Robot and coding training programme tailored for young girls in Kano State.

CITAD Launches Artie Robot, Coding Training of Girls in Kano

CITAD officials training girls at the event

This programme, designed to empower young female students is set to benefit 30 participants across three public secondary schools in its initial phase, as the official launch took place at Government Girls Secondary School Dorayi Karama.

Speaking at the event, Engineer Yunusa Zakari, executive director, CITAD represented by Buhari Abba, highlighted the programme’s objective to enhance the technological and coding skills of secondary school students.

He emphasised the importance of equipping young girls with the necessary skills to pursue careers in the rapidly evolving field of information technology.

Abdulrahman Babatunde, technical officer of Innovation and Creativity at CITAD, stressed the increasing relevance of coding and robotics skills for students, underscoring that learning to code opens up opportunities for innovation and empowerment.

Dr Kabiru Ado Zakirai, executive secretary of the Kano State Senior Secondary Schools Management Board (KSSSMB), noted the historical underrepresentation of women in STEM fields and expressed optimism that early exposure to robotics and coding could ignite a passion for these subjects among girls, paving the way for exciting career prospects in the future.

Malam Umar Yakasai , representing Dr Zakirai, urged students to leverage the knowledge gained from the programme to foster self-reliance.

Participants, including Maimuna Shu’aibu and Fatima Bashir, shared their learning experiences, highlighting various skills acquired, such as utilising robots for tasks like painting, drawing, and writing.


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