E-Business
Economies Built on Insight

Data has always been a silent, almost indiscreet part of our lives. In the very near future, it is going to define how we live, and the quality of the decisions that we take.
As much as 80% of all the data in the world has been created in past three years. I also read an article recently which said as much as 500 million DVDs worth of data is currently being generated daily.
The present challenge for today’s data and information professionals is how to extract value from the humungous and growing reservoir of data around the world.
Ongoing investments in technology assets, bank records and customer data need to be protected.
These are some of the enterprise-level issues companies and consumers are grappling with. IBM’s way of responding to these ‘business information management’ challenges in commerce and industry is to keep making organic investments in cloud, analytics and mobile technologies, in addition to strategic alliances and acquisitions in these areas.
Analytics will be key to the future growth of the African business environment. Having data and not being able to properly use and mine it to help you operate more efficiently will be dangerous because analytics will soon become the soul of every business.
Collating and consistently analyzing the traffic to a firm’s website, for instance, will be an instructive exercise.
Analyzing this sort of data for trends and insights on customer behavior and preferences will always be useful information for any company keen on retaining and growing its market share.
Big Data is no longer a reference for a growing pool of useless techno-junk – it’s fast becoming the single most effective way to drive your business forward.
Not a day goes by, in my job at least, when someone isn’t talking about Big Data. And whether or not that stands true for you, too, it’s certainly a trend that impacts everyone today.
Big Data has therefore become an extremely under-utilized phenomenon. I believe there are several reasons for this; one is that Big Data isn’t a technology we can pinpoint in the physical sense.
We can’t point to a single product and say, “that’s Big Data”. And in the same sense, we can’t listen to a customer’s issue and say, “why don’t you just have some Big Data”.
What Big Data really represents is equal measure of trouble and opportunity. The trouble is that we are producing an exponential amount of data – files, file copies, images, videos, admin, details, emails, etc. – and all of it needs housing.
Moreover, the pace of technology evolution means that we’re constantly looking to upgrade systems and devices, leaving us with a bunch of data that needs rehoming.
But on the other hand, while we’ve got this data lying around, we might as well use it. This surge of information is hiding endless insights that can benefit your business.
Let me give you an example: Many of us should by now be used to receiving cold calls and spam mail offering us several types of services weekly – sometimes daily.
You might get a call or email from your bank about a credit or debit card that you’re fully aware you don’t want.
You might tell them you’re not interested. At the same time, a different type of credit or debit card might be offered through a letter in the post, for those who still receive snail mail. At the same time someone else might call you to offer you a loan.
And at the same time, you might be searching the internet for the best mortgage, or for the best place to get a new or used car.
The constant barrage of unrelated and inconsistent information is enough to drive you away from your bank and seek new services.
However, imagine that your bank could analyze all the data gathered from your information, needs and concerns and consolidate that into a valuable chunk of insight.
That information could be used to personally serve you more directly. In fact, your bank would have the ability to see your mortgage concerns, your lack of interest in a debit or credit card and the fact that you had received countless letters regarding loans and cards that you’re not interested in. It could tailor-make a call or email designed just for you.
It could approach you with the sole purpose of offering you the ideal mortgage package, possibly gaining business, as opposed to frustrating you with wasted time and offers you’re not interested in.
This consolidation of information and data is exactly where Big Data services come in useful. And many companies are taking advantage of these by taking the necessary steps to crunch their unstructured data into tangible business insights.
This trend will most certainly push the economy forward, but only if it’s managed and used quickly and accordingly.
Unstructured data is building up at a scary rate, and it’s essentially inexplicable text. Letting that get the better of you and your company is going to cause a strain on your storage, management and effectiveness of business.
However, breaking it down and using it for business insights will offer up opportunities previously unheard of.
Otiti is Country General Manager, IBM West Africa
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
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