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Experts Urge Firms to Change Strategy on the Use of Data for Growth

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L-R: Founder of iDAF and Lead Convener of the conference, Theophilus Babatunde Mederios (TBM); CEO of Heckerbella Limited, Yemi Keri; CEO of Rise Networks Toyosi Akerele-Ogunsiji; Guest Participant and Co-convener, DabConfere, Prince Ogwuru at the just concluded Maiden edition of Big Data and Business Analytics Conference 2019 held in Lagos.
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Experts in the field of data science have urged business leaders and policy makers in Africa to shift from making intuition-based decisions to data-driven decisions that align with their organisation strategies for the growth and development of their businesses.

They made this call at the just concluded Maiden edition of Big Data and Business Analytics Conference 2019 with the Theme: ‘Unleashing The Power of Data Analytics to Drive Business Result’, held in Lagos.

Speaking at the event, Mr. Theophilus Babatunde Mederios, (TBM) Founder of Information and Data Analytics Foundation (iDAF) and Lead Convener of the conference urged business leaders and policy makers in Africa to shift from making intuition-based decisions to data-driven decisions that align with their organisation strategies for the growth and development of their businesses.

He called on them to start making decisions and investments that will dramatically affect their ability to adopt machine intelligence in the future.

According to him, “Unfortunately, for companies that do not have technology as a core-competency, even getting started can be a daunting task One of the biggest obstacles that is the HiPPO – the highest paid person’s opinion – which allows gut instinct to override available data when determining company direction and policy.

“Unfamiliarity with AI may lead the HiPPO to reject any suggestions for adoption. While this strategy may produce a feeling of security in the short term, it also increases the probability of failure in the long term”.

Giving an insight into the benefits of AI, Mederios noted that Artificial Intelligence could be used to solve social injustice.

Founder of iDAF and Lead Convener of the conference, Theophilus Babatunde Mederios (TBM)

He further stated that DAB Conference was convened out of the need to bring together the leading big data and business analytics across sectors in Sub-Saharan Africa.

“The primary objective of bringing them together is to discuss ways businesses and policy and decision makers can take advantages of their data as intellectual property to make informed strategic business decisions.

“Now is the time for business leaders and policy makers in Africa to shift from making intuition-based decisions to making data-driven decisions that align with organization.”

Dr. Yemi Kale, Statistician General of the Federation, delivering a paper titled ‘How technology and Big Data Has the Potential to Drive and Revolutionise Our Economy’ said that Capital accumulation, labour productivity and technological innovation are the three main sources of growth in an economy like Nigeria,

Dr Kale, who was represented by Lola Talabi-Oni noted that technological innovation in the long-run will wins the Fourth Industrial Revolution.

According to him, “Technological innovation has been driven largely by Data. Technology has been driven by rapid innovation, and in the current fourth industrial revolution, technology has been largely driven by rapidly increasing volumes of data produced and consumed at a significant pace.

“Why has data grown so important? Data plays key role in shaping almost every aspect of human life by providing us with clear, objective, numerical evidence about the population, economic performance, health and wellbeing, environment and aids the decision-making process to establish numerical benchmarks, monitor and evaluate the progress of policies or programmes and ensuring that our policy interventions are well designed”.

According to the Statistician General of the Federation, previously, the country’s statistical system was less than optimal; weak, uncoordinated and largely ineffective and policy makers and other data users ignored official data.

He however noted that there are significant changes due to improved coordination at Federal and State levels; increasing recognition of the importance of statistics and resurgence in the demand for data.

He said that at the sub-national level, State governments have also been raising their interest in data-driven policy by establishing statistical agencies and passing relevant statistical laws.

Cross section of participants at the event

Dr Kale revealed that about 23 states currently have functional Statistical Bureau while calling on other states to embrace the system.

Shingai Manjengwa, CEO, Fireside Analytics, speaking on Data Science Skills & the Future of work, said that automation forms one of the most critical part of the future of work because it has the potential to replace 51% of jobs across multiple sectors that Africa is dependent on.

According to her, “Africa’s future of work story will be different from developed markets. With much of the workforce of tomorrow, we can program the requisite skills today by embracing Data Science.

“The big data market is worth an estimated USD$42 billion and Africans are well positioned to contribute significantly to this economy due to three factors, namely, favorable demographics; high and increasing internet penetration and changing education trends”.

Giving an insight on ‘Using AI and Blockchain To Monetize The Mobile Economy’ Prof. Anindya Ghose, said that Mobile (Data Source), AI (Datamining Tools) and Blockchain (Data Quality) are linked together to cause major economic changes across the world.

He noted that even in advertising industry, these technological indices are being leveraged to understand shifting consumer mindset about data exchange.

“This is what I call ‘Using AI to mine 9 Forces’ which include context, location, time, saliency, crowdedness, weather, trajectory, social, and omni-channel.

“These are what will influence the ways ads are deployed and how technology is being used in that ecosystem”.

“Countries like China and United States are leading the world in IP and other data related skills.

“Thus, Nigeria as a country should not relax, rather move up to lead the region, because there are enormous opportunities,” he stated.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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NCC Orders Telcos to Report Cyberattacks Within 4 Hours from 2027

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Starting February 2027, Nigerian Communications Commission (NCC), has mandated mobile network operators and other communications service providers to notify it within four hours of detecting any cyberattack.

NCC Orders Telcos to Report Cyberattacks Within 4 Hours from 2027

This is aimed at strengthening the protection of telecom infrastructure and subscriber data.

The directive is contained in the Cyber Resilience Framework for the Nigerian Communications Sector (CRF-NCS) released by the NCC last month.

According to the NCC, the rule will take effect in February 2027, giving operators a year to put in place the necessary monitoring and reporting systems.

Under the framework, telecommunications companies must alert the regulator within four hours of detecting a cyber incident and continue to provide updates every four hours until the situation is contained.

Operators are also required to submit a confirmation report within 24 hours through a dedicated reporting portal.

The commission said the framework is designed to strengthen cybersecurity oversight in a sector that handles vast volumes of sensitive consumer and national infrastructure data.

Cyber threats targeting telecom networks can lead to service disruptions, data breaches affecting subscriber information, malware infections and other attacks capable of crippling communications systems, according to the regulator.

By introducing faster reporting timelines, the commission said it hopes to improve sector-wide situational awareness and ensure quicker response to threats before they escalate into major outages or data compromises.

The framework also requires telecommunications companies to establish dedicated Security Operations Centres (SOC) to monitor networks continuously for suspicious activity and cyber threats.

These centres are expected to detect and report malicious activities promptly while coordinating responses internally.

In addition, each operator must designate a cybersecurity lead responsible for working with the commission’s Computer Security Incident Response Team (CSIRT) to share intelligence and coordinate responses to incidents affecting the communications ecosystem.

The NCC said the new framework forms part of broader efforts to strengthen resilience across Nigeria’s communications infrastructure and promote a unified cybersecurity posture in the sector.

The measures come amid growing global and domestic concern over data breaches and cyber intrusions targeting companies that manage large volumes of digital information.

Telecommunications companies, which serve as gateways for internet traffic, mobile banking, messaging and other digital services, are increasingly seen as critical infrastructure vulnerable to cyber threats.

Nigeria’s telecom regulator has in recent years tightened rules around data protection and network security as the country’s digital economy expands.

 

 


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US Court Dismisses All Claims Against Binance in Major Anti-Terrorism Lawsuit Victory

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 A United States federal court in the Southern District of New York has comprehensively dismissed all claims against Binance, the world’s largest cryptocurrency exchange by registered users, in a high-profile lawsuit under the Anti-Terrorism Act (ATA).

US Court Dismisses All Claims Against Binance in Major Anti-Terrorism Lawsuit Victory

Binance

The 62-page decision represents a decisive legal victory, rejecting allegations from 535 plaintiffs who claimed the platform provided material support linked to 64 terrorist attacks.

The court meticulously examined and dismissed every central allegation, ruling that plaintiffs failed to establish Binance assisted terrorists, associated itself with the attacks, participated in or sought to advance them, or engaged in any conspiracy with terrorist organisations.

This full dismissal underscores the absence of evidence supporting the claims, affirming Binance’s long-standing position that the suit was meritless.

Binance General Counsel Eleanor Hughes described the outcome as “a complete vindication of all false allegations.” She emphasised: “The court has unambiguously rejected the false and damaging narrative that Binance assisted terrorists.

“We have always maintained these claims were without merit, and today’s ruling confirms that. We will continue to defend ourselves aggressively against any litigation or reporting that misrepresents who we are and how we operate.”

While the ruling grants plaintiffs 60 days to file an amended complaint in light of a recent appellate decision, Binance expressed strong confidence that no revisions can remedy the “fundamental deficiencies” identified by the court. The exchange views this as a thorough examination and rejection of the underlying assertions.

Binance reaffirmed its commitment to industry-leading compliance infrastructure, proactive regulatory engagement, and robust legal governance worldwide.

The company stressed that its operations do not support, facilitate, or enable terrorism in any form, and it plans to maintain constructive dialogue with regulators while pursuing vigorous defences against misleading narratives.

This development bolsters Binance’s position amid ongoing global scrutiny of crypto platforms, highlighting its operational integrity in a sector often targeted by unsubstantiated claims.


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TikTok Pumps $200k into AI Media Literacy for Sub-Saharan Africa at Nairobi Summit

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TikTok has announced an additional $200,000 investment in AI media literacy initiatives across Sub-Saharan Africa during its third annual Safer Internet Summit in Nairobi, underscoring the platform’s push for safer online spaces amid rising digital challenges.

TikTok Pumps $200k into AI Media Literacy for Sub-Saharan Africa at Nairobi Summit

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The two-day event, themed #SaferTogether: ‘Innovation and Safety’, gathered government officials, regulators, safety partners, and industry leaders from the region. It builds on prior summits in Ghana (2024) and Cape Town (2025), focusing on collaborative solutions for online protection.

TikTok’s Head of Government Relations and Public Policy for Sub-Saharan Africa, Tokunbo Ibrahim, stated: “Our mission is clear: to share learnings, tackle challenges, and advance actionable solutions that protect citizens online. By uniting policymakers, innovators, and creators, we ensure all-inclusive conversations for a resilient digital landscape.”

Kenya’s Cabinet Secretary for ICT, Hon. William Kabogo, who opened the summit, added: “This reflects our commitment to collaboration, sector growth, and a safe digital space. We must advance digital innovation, responsible AI governance, and strong regional partnerships.”

Boosting AI Literacy with Local Partners

A summit highlight was TikTok’s expanded $2 million AI Literacy Fund, launched globally in November 2025. The new $200,000 in ad credits targets local organisations to combat misinformation and empower users.

In Sub-Saharan Africa, initial grantees include:

  • Mtoto News (Kenya): Producing content to help youth engage responsibly with AI.

  • Africa Check (Nigeria, South Africa, Kenya): Enhancing fact-checking against AI-generated deepfakes.

  • CJID/DUBAWA (West Africa): Amplifying truth via independent fact-checking to fight information disorder.

Valiant Richey, TikTok’s Global Head of Partnerships, Elections & Market Integrity, said: “We partner with trusted locals because their expertise makes AI literacy impactful, empowering communities as viewers or creators.”

Transparency and Moderation Advances

Delegates explored TikTok’s AI-driven safety measures, including mandatory labelling of AI-generated content (AIGC), advanced detection, and partnerships like the Coalition for Content Provenance and Authenticity (C2PA) for watermarking.

With over 100 million daily uploads, AI aids proactive moderation: Q3 2025 data shows 14 million videos removed in Sub-Saharan Africa, 96.7% via automated tech, complementing human oversight.

The summit ended with pledges for ongoing digital safety efforts across the region.


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