Tag: big data

A growing economy and innovation are providing the insurance industry with new opportunities on the continent. Driven by technology, innovation and economic growth, the insurance industry in Sub-Saharan Africa is evolving, as highlighted by our new report.

Business Intelligence (BI) has undergone significant transformation in recent years and certainly is not being superseded by artificial intelligence. In fact, it has become more efficient and user friendly since moving to the cloud, utilising AI and machine learning, and its embedded implementation.

We have released a 32-page white paper, detailing the rise and impact of digital health – a sector which is projected to evolve into a trillion-dollar global market by 2030. This is a first in a series of five reports aimed at covering the breadth of the digital healthcare sector.

The recent announcement that heavyweight Wall Street bank, JP Morgan Chase has agreed to buy UK Robo-Adviser, Nutmeg, indicates the far-reaching effects of COVID-19 on the financial advice and wealth management industry as big business embraces this new model.

Modern enterprises are increasingly leveraging big data to achieve faster and better business decision making power, and as well as to gain useful insights that can drive efficiency and improve the overall customer journey. Big data is essentially a combination of structured and unstructured data that is huge in volume and grows exponentially with time.

Statistics show that companies that are evolving by embracing speed and agility are growing at twice the rate of companies that are struggling to scale innovation.

It’s hard to imagine a world without technology – the speed and ease of the internet, and daily innovation that continues to disrupt business models. Across industries, we are starting to notice businesses of all sizes embrace the digital economy to create value, increase efficiency, and adapt to stay ahead of competitors.

In the aftermath of the virus outbreak, 2020 has certainly been a challenging year for the manufacturing sector. The World Bank predicts the pandemic will push Sub-Saharan Africa into its first recession in 25 years with growth predicted to fall to -3.3% for 2020. Reduced demand has taken its toll on the balance sheet and cash flow of most producers.

To prepare for uncertain times, we need to develop robust business models and structures that allow for experimentation and to see what grabs and what doesn’t grab. The engineering and construction sector has been operating in the same way for decades, is one of the least digitised industries in the world (21 out of 22 industries) and has not enjoyed significant productivity growth in recent years.

Calling bullshit is a performative utterance, a speech act in which one publicly repudiates something objectionable. The scope of targets is broader than bullshit alone. You can call bullshit on bullshit, but you can also call bullshit on lies, treachery, trickery, or injustice.