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Gartner Explains Why CIOs Should Consider Advanced Analytics

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Ahead of the annual Gartner Business Intelligence & Analytics (triple) Summits Alexander Linden, research director at Gartner, has explained the opportunities that advanced analytics and data science technologies present to business executives.

Speaking on why should CIOs consider advanced analytics and data science technologies, Linden, said  that the overall amount of data and analytics is growing in every industry.

He said that CIOs need data science to extract nontrivial information.

“For example, it’s mission-critical to determine how to acquire new customers, do more cross-selling and predict demand and failures. Normal business intelligence and descriptive analytics, and even traditional software engineering, can’t handle those situations”, he said.

The Research Director added that, “Advanced analytics can surpass human capability in coping with significant volumes of data, and dealing with highly complex digital business settings”.

He added that digital businesses have to adopt data science methods in more use cases, by driving the availability of sensor data, expanding bandwidth and reducing storage costs.

Looking at the greater adoption of analytics and what changes such as process, skills etc, will a business need to make to incorporate advanced analytics, Linden said, “Many of our clients assume that once they have mastered analytics, they can then progress to the next level with simply some learning and additional software tools. The reality is that advanced analytics isn’t just a more complex form of normal analytics.

“Normal” analytics mainly reports what has happened (descriptive analytics), whereas advanced analytics solves problems using predictive analytics and prescriptive analytics. Predictive analytics predicts future outcomes and behavior, such as a customer’s shopping behavior or a machine’s failure. Prescriptive analytics goes further, suggesting actions to take based on the predictions.

“For example, predicting a machine breaks down after producing a certain number of parts, prescriptive analytics might suggest that the company conducts maintenance before that maximum number of parts is reached. This would prevent unscheduled and costly downtime.

“It is also important to mention that the technologies for advanced analytics are different from those for analytics, and require different skills. These skills typically include a solid understanding of statistics, machine learning and operations research”.

However, one of Gartner’s new predictions says that through 2017, the number of citizen data scientists will grow five times faster than the number of highly skilled data scientists.

Speaking on how these citizen data scientists would work with the chief data officer, and how will the data scientists fit in the business, he said “Extracting value out of data is not a trivial task, and one of the key elements of any such “making sense out of data” program is the people, who must have the right skills.

“Data scientists are not traditional business analysts, they are professionals with the rare capability to derive mathematical models from data to reap clear and hard-hitting business benefits. They need to network well across different business units and work at the intersection of business goals, constraints, processes, available data and analytical possibilities.

“Lots of our most advanced clients are experimenting with the notions of chief data officers (CDOs) or chief analytics officers (CAOs). Sometimes the CDO/CAO will directly command a (virtual) data science lab. We think that those labs must be orchestrated virtually, with the (citizen) data scientists distributed throughout the organization”.

Gartner believes in the definition of data science as the discipline of extracting nontrivial knowledge from often complex and voluminous data to improve decision making. It involves a variety of core steps, including business and data understanding and data modeling.

Descriptive analytics tools, on the other hand, answer the question, “What happened?” They do this by querying data and summarizing key performance metrics, such as a report of annual sales by region. ‎


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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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E-Business

Amazon CEO Says AI will Reduce Number of Workers Needed

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Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Amazon CEO Says AI will Reduce Number of Workers Needed

Andy Jassy, chief executive, Amazon

“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon  wrote in an email to employees.

He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.

According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.

The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.

Instead, it expects that vacant positions will not be refilled.

However, layoffs are not ruled out, according to sources familiar with the matter.

“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.

“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.

The impact of AI on the job market has been a concern for many years.

Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.

The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.

 

 

 

 


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BPP Partners NDPC to Strengthen Data Protection

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Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.

BPP Partners NDPC to Strengthen Data Protection

He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).

Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.

He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.

“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.

Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.

He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.

“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.

He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.

According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.

Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.

He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).

“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.

Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.

He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.

Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.

Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.

 

 


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FG Mulls Fibre Optic Layout to Bridge Internet Gaps

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President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


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