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Delivery Science SaaS Modifies Supply Chain Management

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(L-r): Lanre Oyedotun and Chuka Ofili, co-founders, Delivery Science after media chat with Nigeria CommunicationsWeek

Delivery Science, led by a team of indigenous techpreneurs (technology entrepreneurs), offers ‘Enterprise Supply Chain Software as a Service (SaaS)’ solution to companies operating robust logistics and supply chain business processes.

Speaking to Nigeria CommunicationsWeek, Lanre Oyedotun and Chuka Ofili, Delivery Science co-founders, said that the concept was borne from perennial bottlenecks faced by these companies in the management of the delivery of goods and services.

According to the duo, they target to be the leading supply chain software as a service (SaaS) company in frontier markets; and are on a mission to have supply chain market leaders in every industry, on the Delivery Science platform.

Oyedotun is the erstwhile CEO of Chronos a venture development and technology consultancy, and CTO of payment startup, iThena Logic.

Before that for several years, he was a technology consultant & auditor for PwC, first in Boston, MA then Lagos, Nigeria.

Oyedotun said, the firm which boasts as one of the few Nigeria Inter-Bank Settlement System (NIBSS) certified Aggregators, is ultimately concerned with using data science and technology to simplify the optimization of delivery of goods and services, which informed the name “Delivery Science”.

“You can imagine where a client places an order with a manufacturing company for goods worth over N50million; these goods are loaded in about 20 trucks, but at the end of the day 18 trucks are delivered. What happened to the remaining two? It will amaze you that at the end of the day, nobody can credibly inundate the company on the whereabouts of these goods. In fact, Delivery Science is on a mission to help companies overcome the challenge.

“Most Companies have lost revenue to litigations, diversion of commodities, late delivery and so on. Now, our solution offers you ‘Visibility’”.

Ensuring visibility, he said, is one of the unique selling values of the Software, because “The need to have real-time interaction with your field operatives is there and increasing by the day. In the era of stiff competition, if you can deliver fast, another Company uses it against you.  Asides that, your challenge may be to monitor assets either from shipper or to customer, then Deliver Science offers you full visibility, 24/7 over all Supply Chain channels”.

Also, Chuka Ofili, the former Lead Software Architect for MicroSmart Solutions, who developed and implemented a SaaS value-added service for MTN and Etisalat, said that Delivery Science is out to ensure companies maintain high level of ‘accountability’ in their delivery processes.

“Our solutions provide an audit trail with gives you the accountability to settle disputes with third party field agents and end of year Audits. In line with that the ‘Insight’ generated in the process help companies make informed decisions.

The co-founders reiterated that in the contemporary business climate knowledge is key, hence company’s ability to act on information the competitor can’t puts then ahead.

The Delivery Science co-founders also added that real-time analytics is deployed to clients to make real-time decisions and always stay ahead using the all-time accessible cloud-based solutions, as affordable rates.

 

 

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

Oracle Forecasts Big Things for Big Data this Year

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Companies generate massive amounts of data, and this will rise exponentially as new computers and sensors are connected to the system.

This huge amount of data is unusable if companies do not know how to manage it and transform it effectively.

Multinational computer technology corporation Oracle forecasts 2018 will be the year when laggards will finally make the move to cloud, late adopters of big data will see immense benefits straight away, and those using artificial intelligence (AI) will drive the most insights.

Samina Rizwan, Oracle senior director for big data and analytics for Middle East and Africa, says Oracle has been in the business of big data since before it became the buzzword it is today.

She says the conversation around big data should be expanded to include analytics, AI, the Internet of things (IOT) and machine learning (ML), all encapsulated in the cloud.

“In the end, we are talking about a data management cycle, and managing all data – not just packets.”

She notes there is huge curiosity around big data at the moment in the innovative space of technology, although adoption is still new to some businesses.

However, this will change this year, as companies see the benefits and realise they will be left behind if they don’t catch up.

Rizwan pointed to a study by Forrester, which predicts businesses that use AI, big data and IOT to uncover new business insights will take $1.2 trillion per annum from their less informed peers by 2020.

Rizwan says her first prediction for this year is that companies that have not yet implemented a cloud or hybrid solution will soon do so.

“We have seen that 80% of data is moving towards cloud; very soon a lot more of the remaining data will too.

“The advantages that users are telling us about are far outweighing on-site data storage advantages.”

Rizwan says she does not know of any region in the Middle East and Africa that is ignoring cloud.

In a survey of Oracle cloud clients, the company found: “Cloud-mature companies have greater capacity for data analytics.

More than 60% of the cloud-mature group report a greater ability to analyse most types of data, in addition to improved automation and visualisation, based on ML. More than half also point to strong capabilities with non-relational data.”

Rizwan says: “We are seeing fewer and fewer companies deciding to stay on-premises. The CIOs of today are no different from the CIOs from yesterday. They want flexibility, some quick wins along the way, and need to show business value.

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MDXi Emerges Toast of Banks in Data Centre Outsourcing

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MDXi Data Centre, a subsidiary of MainOne Cable Company has become the toast of money deposit banks in the country in outsourcing of their data centre services as directed by Central Bank of Nigeria (CBN).

Mr Gbenga Adegbiji, general manager, MDXi Data Centre, said that 70 percent of banks in the country are now hosting their data with his company in line with directive by CBN that Banks should upgrade their data centres to Tier 111.

He explained that MDXi Data Center became toast of Banks because of its standard and processes which is of international standard and has also met CBN standard in certification among others.

“Data hosting has assumed a new dimension with organisation embracing off-site hosting of data whereby data hosting is handled by a hosting company unlike in the past where banks host their without even taking note of what goes on the building next to where the bank is located,” he said.

He disclosed that the MDXI Data Centre followed stringent rules both in the construction and management of the Centre explaining that the Centre operates concurrent maintainability, which means that there is no downtime when maintenance is going on.

Adegbiji while revealing that the data centre was built out of the demand of customers, who were receiving other services from the MainOne cable company, stressed that the investment made on the centre was not a one-off investment.

According to him, the business of data centre survives basically on the provision of the required infrastructure stressing that despite the huge investment made by data centres, Nigeria is still far from building the needed infrastructure.

He said Nigeria needs to move fast in tackling the infrastructure challenges since society has moved into the sphere of technology adding that government also needs to understand the dynamic role of technology in developing the economy.

Adegbiji revealed that the firm had so far invested $35 million out of the planned $40 million, adding that MDXi is the only data centre that guarantees 100 percent power uptime availability.

He said the MDXi, which is West Africa’s premier resilient, vendor-neutral data centre, is also the only data centre with direct connections to four submarine cables within 10km: ACE, WACS, Glo 1, MainOne.

The general manager explained that with its data centre and submarine cable, MainOne operates a central hub, which supports West Africa’s connectivity, cloud and data needs.

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Nigerians Ignore Warnings, Stake N1.3Bn on Bitcoin Weekly

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Nigerians have continued to invest in cryptocurrency, trading up to N1.38 billion across 13 local cryptocurrency exchanges in the country, despite warnings by regulators and legislators.

 

Leadership reported that analysts have urge government to embark on smart regulatory tactic in controlling the surge in the trend.

 

Emeka Okoye, software developer and chief architect at Cymantiks Nigeria Limited,  who spoke with Leadership, urged the government and particularly the Central Bank of Nigeria (CBN) and the Nigeria Deposit and Insurance Corporation (NDIC) who have been at the forefront in the fight against cryptocurrency in the country to do a rethink on the way to regulate the use of cryptocurrency

 

Noting that cryptocurrency will not take the place of fiat money, he said the criticism against cryptocurrency will further fuel speculation and encourage its use by outlaws.

 

The International Monetary Fund (IMF) had last week urged governments to look into regulation of cryptocurrencies in the fight against money laundering and financing terrorism.

 

Many countries in recent times are coming up with stronger regulations for the trading of cryptocurrencies. Although the value of Bitcoin which is the most popular and most traded cryptocurrency has been down since December, 2017, interest in the currency is yet to wane in Nigeria.

 

Having seen the highest weekly trading average of N1.94 billion in mid-December last year, weekly average turnover had dropped to N1.299 billion at the end of December before rising to N1.817 billion in January.

 

As at February 12, 2018 which is the latest data on Coin.dance a global cryptocurrency tracking website weekly average of Bitcoin trading on the exchanges in Nigeria was at N1.389 billion. This is asides the investments of Nigerians in other cryptocurrencies such as Ethereum, Billioncoin amongst others.

 

Okoye while advising regulators in the country to adopt “smart regulation” rather than outright ban of cryptocurrency said “it is an attitude of allowing innovation to move forward and let regulation follow because at the end of the day it is about the consumers and not about the players.

 

“If they ban cryptocurrency, it means they are outlawing a tech tool and when you outlaw a tech tool, outlaws will use the tools and when they use them you have no control. People will have to live with the consequences.

 

“Right now we do $4.7 million dollars weekly and we are expecting more. Now we have more exchanges, by count we should have up to 13 crypto exchanges in Nigeria. If you really want to see its implication in Nigeria, think of MMM.

 

“MMM was a pointer that things are not alright. We cannot continue to regulate things. It is not going to work if we keep regulating things to work against the desires of the people. It should be about the people. When you talk of innovative product and services, we cannot use the same tactics we used in the old economy. This is a new economy. The power has gone to the consumer.

 

“The thing is regulators need to think very well before they start banning. First of all do they understand how it works? I can build a crypto exchange and it is not domiciled in Nigeria, they cannot regulate it. Secondly, do they understand that I also have a foreign card and they cannot control what I do with it?” Okoye queried.

 

He however noted that there was no way cryptocurrency will replace fiat money saying it will only complement its use and make it easier to move wealth around at convenience. He also noted that the current trend of speculation driving the value of cryptocurrency is a distraction from the real value.

 

“Speculation of cryptocurrency is a big distraction and it is turning the internet to be an internet of money rather than being an internet of value. This speculation has nothing to do with the value we can derive from it” he stated.

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