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Data Management a Catalyst for Boosting Businesses- LCCI

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Mr. Babatunde Paul Ruwase, President, Lagos Chambers of Commerce and Industries (LCCI) on Wednesday said that information and communications sector has become a catalyst for boosting business operations in Nigeria and across border trade.

 

He made this assertions at the 2018 Seminar on ‘Data Management: Tool for Economic and Security Change’ organised by ICT Group of Lagos Chambers of Commerce and Industries in Lagos.

 

Ruwase stated that electronic transactions have made it possible to achieve high quality and speed in service delivery in the areas such as travels, e-commerce and e-government.

 

He reiterated the need for policies that will encourage and support innovation, software development and protection of intellectual property, adding that it is necessary for achieving useful collaborations with other technologically-advanced countries as well as attracting investments into the ICT sector.

 

He revealed that National Bureau of Statistics 2018 GDP second quarter report shows that ICT sector contributes 13.63% to GDP in a year on year growth of 11.81%  from 1.58% in the first quarter of 2018.

 

“The statistics are a clear call for the need to identify opportunities for collaboration, sharing best practices and exploring inclusive technologies to drive Nigeria into a truly connected global community, he added.

 

He commended the national assembly for passing the electronic transaction bill after careful considerations of the potentials of the ICT sector.

 

According to him, “we acknowledge the efforts of the National Assembly in passing the electronic transaction bill after careful considerations of the potentials of the ICT sector and what an enabling and protective act can help the sector to achieve for the country.

Attendees at the Workshop

 

“There is therefore need for such business and investment elements that strengthen the private sector.

 

“The regulatory environment must also be sensitive to the ideals of a conducive business environment that can attract private sector participation and foreign direct investment.

 

“Let me therefore use this opportunity to call on the government to be consistent bwithg its policies and initiate platforms and waivers that will attract and support startups by the youths in Nigeria.

 

 

 Mr.Zakari Usman, Chairman,ICT Group, Lagos Chambers of Commerce and Industries,(LCCI) in his presentation said that as the world celebrated the end of Millennium Development Goals (MDGSs) and continue to drive the more ambitious Susatainable Development framework, the importance of making timely and reliable data available across the country cannot be over emphasized.

 

“In this increasingly complex world, the availability of high quality data is vital in facilitating decision-making for both private and pubic sectors.

 

“The World is also seeing greater demands for higher levels of transparency. This has become pivotal for building trust and confidence regardless of the line and nature of business. The data community has responded to these changes thereby causing a value shift in our economic security”, Mr. Usman said.

 

He said that one key trend that has elevated data management to a new level is the rapid innovation and advances in information and communication technology.

 

Engr. Remi Adejumo, Chief Technical Officer, Comercio Ltd delivering his presentation at the event.

 

“It is staggering that there are 2.5 quintillion bytes of data created each day at our current pace and that pace is only accelerating with the growth of the Internet of Things (IoT). With the rapid expansion of data storage capacity, growing global connectivity and double-digit growth rates in the middle broadband market, there is no doubt that the swift pace of technological developments has not only facilitated the rapid collection of new data but also led to more effective management of the data”, he said.

 

The Chairman also added that the improvements in technology have also brought tremendous benefits to the private and public segments of our country today, adding that amid wider availability of data on economic planning products, households now have the potential to make better savings and investment choices.

 

“For the government, data is a vital is a vital source of evidence, as they provide clear and objective statistics on all aspects of the state of the nation, including the growth and characteristics of our population, economic performance, levels of health and wellbeing and the condition of our surrounding environment.

 

“Accordingly, the significance of data for making evidence-based decisions that guide the implementation of new policies and monitoring and evacuation of the effectiveness of policy decisions cannot be overemphasized”, he added.

 

Mr. Usman further admitted that as the business community moves forward, it will be more evident that without data, they cannot make well-informed decisions that will catalyse the social and economic development and transform the future.

 

“The changing contours of the global landscape will increase the demand for higher quality and more comprehensive data which will also need to be accompanies by sound analysis in order to draw correct inferences. From the compliers of data, to the developers of data applications and the users of data, there will be many challenges, but also immense opportunities ahead”, he intoned.

 

 


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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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5 Common Backup Mistakes and How to Avoid Them

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Are you confident that your valuable data is protected from unexpected disasters or cyber threats? Consider this: 1 in 10 computers fall victim to viruses, and a staggering 113 phones are stolen every minute every day[1].

With data loss being a sudden and potentially irretrievable nightmare, ensuring reliable backups is non-negotiable. March 31st, celebrated as World Backup Day, is a poignant reminder of this essential task. Let’s delve into the common backup mistakes people make and how to steer clear of those.

1. Skipping regular backups:

The most common mistake is forgetting to back up data regularly. Whether personal files or crucial business documents, not establishing a consistent backup routine leaves you vulnerable to data loss.

Unexpected system crashes or malware attacks can happen anytime, making your precious data inaccessible or permanently lost. But you can help avoid such a situation by setting up automatic backups.

SSD Backup Mistakes to avoid
2. Putting all faith in a single backup device:

A device can get damaged or stolen, putting your backups at risk, so depending entirely on one storage medium is playing a dangerous game with your data’s safety.

 Instead, diversify your backup storage solutions with a combination of external HDDs, NAS, and cloud storage.

Portable HDDs like those from WD like Western Digital’s My Passport offer up to 5TB for simple, cost-effective backups. For smartphones, 2-in-1 flash drives such as SanDisk Ultra Dual Drive Go USB Type-C and SanDisk iXpand Flash Drive Luxe are convenient options.

These drives, compatible with USB Type-C devices, automatically back up photos, videos, and more. Just plug and play for seamless data transfer across devices.

If you need a device to store huge amounts of data, then the desktop drive called My Book  from WD is just the product for you, with up to 22TB of storage capacity.

SSD Backup Mistakes to avoid
storage device

3. Forgetting version control:

Overlooking version control during backups is another blunder. Not keeping multiple versions of files increases the chance of saving corrupted or wrong data over previous versions.

Without a proper versioning system, fixing mistakes or retrieving older versions can become a challenge. To prevent forgetting version control, establish a system that tracks changes to your files over time.

This ensures that you can always revert to earlier versions if needed, helping protect against accidental data loss or corruption.

Regularly maintaining this system will help you stay organized and prepared for any unforeseen issues.

Additionally, it’s crucial to verify the version you’re backing up to ensure it’s the correct one.

This simple step can help prevent accidental overwriting of important data with potentially corrupted or incorrect versions.

Double-checking ensures that you’re safeguarding the most up-to-date and accurate information, minimizing the risk of errors during backups.

SSD Backup Mistakes to avoid
4. Ignoring off-site backup solutions:

Many people overlook off-site backup solutions, assuming local backups are foolproof. However, relying solely on local backups makes you vulnerable to site-specific disasters like fires or theft.

Using off-site backups means keeping copies of your data in different places so that if something bad happens in one area, your data stays safe.

As an alternative, you could use cloud storage. Cloud backup devices are popular for remote data storage accessible via the internet. Various online cloud services offer features like file synchronization, sharing, and encryption for secure data storage.

5. Underestimating encryption:

Not prioritizing encryption in backups can be a costly mistake. Storing unencrypted backups makes your sensitive data vulnerable to unauthorized access or breaches.

Implementing strong encryption ensures even if your backups fall into the wrong hands, the data remains protected.

However, it is equally important to remember not to opt for out-of-the-box encryption solutions, as they might make it difficult for you to retrieve the backed-up information later.

My Passport HDD and My Book from WD come equipped with built-in 256-bit AES hardware encryption with password protection that helps keep content secure.

Additionally, maintaining proper key management practices is essential to ensure smooth decryption and access to your data when needed.

SSD Backup Mistakes to avoid
Monitor and storage device

This World Backup Day, Western Digital urges you to back up your data safely, and at the same time, prepare for the unexpected by having a contingency plan in place for device mishaps like crashes, theft, or damage.

Worrying about losing data isn’t something you have to lose sleep over if you have an active data backup strategy.

A common rule of thumb for keeping important data from disappearing forever is the 3-2-1 Rule. It dictates that you should:

3. Have THREE copies of your data. One is a primary backup and two are copies.

   2. Save copies of your backups on TWO different types of media or devices.

   1. ONE backup copy should be kept offsite in case of disaster.

Determine where and how you’ll store backup files and identify support contacts for swift assistance.

These proactive measures ensure quick data recovery and safeguard your cherished memories for the long haul.


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Treepz Doubles Down on Corporate Mobility in Africa with Launch of a New Website

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Treepz, Africa’s leading corporate mobility startup, has expanded its corporate mobility and employee transportation services across the continent with a fresh new look for its website.

 

The company’s new website boasts a sleek, user-friendly interface with added features to better showcase Treepz’s range of services for companies looking to efficiently and sustainably move employees and clients in major African cities. From on-demand employee shuttles, and school bus solutions to intra-city group trips for events and conferences, Treepz is positioning itself as an all-in-one corporate transportation provider.

Managing transportation logistics across multiple sites has always been an operational nightmare for companies,” said Onyeka Akumah, Co-Founder and Chief Executive Officer of Treepz. “Our goal is to streamline that experience through Treepz’s powerful technology platform.”

With nearly 6,000 employees of companies daily relying on Treepz’s innovative tech and reliable fleet for employee transportation or staff bus commutes, we understand the complexities of managing corporate transportation firsthand. “Our revamped website simplifies the process, offering businesses a seamless solution to optimize their transportation needs and empower their workforce in Nigeria, Kenya, Uganda and Ghana,” Onyeka added

Key Features of the New Treepz Website

  • Trackable Dashboard for a bird’s eye view of all guests’ trips in real-time when using Treepz.
  • 24/7 customer support to assist with all mobility inquiries.
  • Wide selection of vehicle options, each with professional drivers tailored to specific needs.
  • Friendly interface for easy navigation and booking.
  • Client testimonials and case studies showcasing Treepz’s success stories.

Treepz’s mission extends beyond just transportation – they aim to revolutionize how over 1 million daily commuters experience mobility across Africa. Since its launch in 2019, the company has provided employee transit for top firms like Tekexperts, Wakanow, Somasource, and Brighter Monday across Nigeria, Ghana, Kenya and Uganda. This has resulted in the transportation of about 5 million passengers since then.

With this digital reinvention, Treepz doubles down on transforming corporate mobility through tech-driven solutions. The company welcomes businesses seeking smarter ways to move their people to explore the new website www.treepz.com.


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Nigerian Business Leaders Partner Google for Strategic Advantage, Seeks Competitive Edge in Privacy-First Era

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Leading companies from Nigeria joined Google West Africa at a roundtable to discuss the shift towards privacy-first marketing as third-party cookies are phased out. The forum brought together leaders from FairMoney, Konga, Mondelez, Stanbic IBTC, and Zenith Bank, highlighting a collective commitment to redefining consumer engagement in the digital age.

Businesses recognize that building consumer trust is essential in a world that increasingly values privacy. In this new era, adapting marketing strategies to be more privacy-focused is not just a necessity but a strategic move towards building sustainable customer relations. This transition challenges businesses to innovate while maintaining transparency and respect for consumer data privacy, turning potential constraints into avenues for deeper consumer engagement.

“Customer trust is the new currency,” noted Felicia Otolorin, Senior Industry Lead, West Africa, Google. “Consumers are demanding more control over their data, and the savviest businesses are seeing this shift as an opportunity. This is about reimagining how we engage with technology and data, ensuring that innovation and privacy go hand-in-hand.”

The discussions emphasised this point, highlighting the competitive advantage of adopting privacy-first strategies. Google showcased innovative solutions like Google Tag and Enhanced Conversions. These tools demonstrate a commitment to both high performance and privacy standards. Success stories illustrated how other businesses have successfully navigated this shift, offering valuable insights.

“We stand at a crucial juncture,” remarked Oluwadamilare Akinwunmi, Chief Data & AI Officer at Interswitch. “The winners of tomorrow will be those enterprises that strike a balance between innovative, data-driven marketing and a profound commitment to data protection and privacy-first practices. The essential dialogues we engage in, and the subsequent actions we take, set us on the path to achieve precisely this”

The roundtable underscores a pivotal shift towards privacy-first strategies in Nigeria’s digital marketing sphere, emphasising the critical role of collaboration and innovation in this transition. It marks a collective stride towards a future where consumer trust and data privacy form the cornerstone of business growth and competitive advantage.

“We are committed to empowering Nigerian brands in building a privacy-forward future. By harnessing AI and privacy-centric technologies, we aim to empower our partners to thrive amidst these changes,” stated Felicia Otolorin, Senior Industry Lead, West Africa, Google.


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