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IIBA-Nigeria, PwC Highlight Big Data Changing Business Analysts’ Role
The International Institute of Business Analysis (IIBA), (Nigeria), and the PwC have reiterated the need for business analysts to acquire the right skills and develop the right approach to leverage ever expanding concept of ‘BIG DATA’, to better enhance their organisations’ efficiency.
According to IIBA, the Business Analysts changing roles are evident in creating avenues for “stakeholders to understand the structure, policies and operations of an organisation and to recommend solutions that enable the organisation to achieve its goals”.
How Big Is Big Data?
According to the International Data Corporation (IDC), in 2011, 1.8Zetabytes, approximately 1.8 trillion Gigabytes of information were created worldwide; in 2012, the number reached 2.8Zetabytes and estimated to hit 40Zetabytes.
It is believed that 2.0Zetabytes of data is equivalent to 57million iPads.
Speaking at IIBA Nigeria- Lagos City Chapter, June 2015 meeting on the theme “The Enterprise Value of Big Data in Business Analysis”, Olusola Osinoiki, senior manager/ proposition lead, Enterprise Data Solutions, PwC, United Kingdom, said that the concept has become now pronounced following the emergence of cloud-based technology.
In live demo using World Beta technology to measure global data creation, he found that 74.8 billion active app sessions were recorded within an hour the IIBA meeting started.
According to him, in as much as the Internet will cause ‘disruptions’ in organisations and the society in general, the important of Big Data revolves around using right skills to harness accurate data to make informed decisions.
Meanwhile, a study by PwC tagged “Key Trends in Human Capital 2014: A New vision for Growth” told the story of a downturn with a very noticeable human capital impact that “those that had survived some harsh workforce cuts were left disengaged, with the youngest generation of workers suffering the most”.
“Today, the story is very different. The regions hit hardest are accelerating out of recession and organisations are focused again on growth. But the recovery has brought with it some familiar problems – low employee engagement, wage inflation in some markets and most importantly, skills shortages”.
In a similar study PwC found that availability of key skills and talents remains a priority for CEOs as 55% of them are determined to increase their headcounts in the next 12 months; 94% of whom are having robust diversity of strategy to place as a key step to solving their problems.
But, 73% of these CEOs are concerned about harnessing the right skills to drive growth, even as 64% CEOs fee their HR department is not well-positioned to address the changes required and opportunities for growth over the next 12 months.
How Big Data Change Business Analysis:
Taking a cue from the study, Osinoiki said that HR professionals and Business Analysts in Nigeria are expected to adapt to the new world of work as strategic workforce planning becomes a critical differentiator in organisations.
He said agility and business designs in organizations are data driven while business intelligence, IT, cloud computing, among others are impacting business decision making processes around the world.
To be more relevant in the new era, Osinoiki affirmed that Business Analysts must not shy away from “thinking of the impact of self service; turn unstructured data into actionable intelligence; turn structured data into applicable intelligence. The truth is that Big Data is not new. It has been with us, but the internet and mobile devices have revolutionised the concept. We must think and act fast to sure our relevance in our respective organisations and the trend will continue to grow”.
HR With The Power Of Data
“With the right skills; having access to a deep reservoir of ‘BIG Data’, provides an organisation with opportunities to gather ‘BIG Analytics’ for right decision making in terms of investments, delivering on business plans, keep abreast of regulations and diversifying processes to be in line with international standards”, the Guest Speaker said.
Speaking to Nigeria CommunicationsWeek at the Forum, John Ojurabesa, director, Sponsorship and Marketing, IIBA Nigeria, said that the concept of Big Data has completely changed the way business are currently managed and indeed the solutions the Business Analyst provide.
He said that the advent of cloud-based technology has ushered in an era where organisations are able to store and utilisevast amounts of data at a fraction of the cost and manpower required in the past.
“Current estimates suggest that we are creating over two quintillion bytes of data every day and approximately 90 per cent of the data that exists today was created in the past two years.
“Businesses have to respond to this growing amount of data and its complexity which include new risks and challenges of openness and security and the need to respond with instant feedback publicly like on Twitter businesses need to adapt to.
“With the right skills, access to a deep reservoir of big data provides organisations with the opportunity to gather ‘Big Analytics’ which in turn can provide CEOs with ‘Big Insights’ into their organisations,”Ojurabesa said.
The International Institute of Business Analysis (IIBA) is a non-profit professional association which commenced in October 2003 with the purpose of supporting and promoting the discipline of business analysis.
Over the years, IIBA helps business analysts develop their skills and further their careers by providing access to relevant content.
Thus, the Director, Sponsorship and Marketing, IIBA Nigeria, encouraged other Business Analysts in the country to join IIBA Nigeria, adding that, “When you join IIBA, you become part of a global network of Business Analysts practitioners, and have access to a range of valuable benefits.
“Joining demonstrates your commitment to professional development, and unlocks access to a range of networking and development opportunities, learning opportunities and discounts”.
Questions have been mounting over the House of Representatives threat to order the arrest of the Director-General of the National Identity Management Commission (NIMC), Mrs. Bisoye Coker-Odusote for failure to appear before it to answer charges on refusal to pay for a state-of-the-art software development project executed by a private company, Truid Limited, for NIMC.
The House of Representatives Committee on Public Petitions had invited the NIMC DG, Mrs. Coker-Odusote, to appear before it to explain the commission’s failure to pay for the state-of-the art software development project executed by the private company, Truid Limited for NIMC. However, the NIMC DG has repeatedly failed to honour the committee’s invitation in person.
The Committee’s Chairman, Honourable Mike Etaba, who was angered by the NIMC DG, Mrs. Coker-Odusote’s failure to appear before the committee to personally answer charges on the matter after repeated invitations, last month, issued a stern warning to order the Inspector-General of Police, to arrest the NIMC DG, Mrs. Coker-Odusote if she refused to appear before the committee at its next hearing, which was fixed for March 13, 2025.
However, it has been over two weeks after the Committee’s sitting of March 13, 2025; yet, there are no indications that the NIMC DG, Mrs. Coker-Odusote, honoured the committee’s invitation by personally appearing before it. The committee also appears to have failed to order the IGP to arrest her, leading to many raising questions over the seriousness of the committee to execute its threats. Others wonder why the chief executive of a government agency would refuse to personally appear before the House of Representatives to answer charges on a petition regarding the agency’s activities.
During its sitting of February 11, 2025 the House of Representatives Committee on Public Petitions threatened to order the arrest of the Director-General and Chief Executive Officer of Nigerian Identity Management Commission (NIMC), Bisoye Coker-Odusote.
The committee said it would actualise the threat if Mrs. Coker-Odusote failed to come in person to answer charges on her refusal to pay for the state-of-the-art software development project.
Chairman of the committee, Mike Etaba, frowned at the continuous absence of the NIMC director-general despite several invitations.
In a statement by the Media Head, Public Petitions Committee of the House of Representatives, Chooks Oko, the Chairman of the Committee stated: “If she fails to show up at the next hearing of this case, we’ll have no option than to ask the Inspector-General of Police to bring her.
“How can an official of government treat constituted authority with such levity? We can no longer condone such attitude,” he said.
The News Agency of Nigeria (NAN) reports that the project was installed and deployed to the commission by a private firm, Truid Limited, which was alleging a breach of licence agreement by NIMC.
The statement added that the private company, Truid Limited, which executed the state-of-the-art software development project, is alleging a breach of licence agreement by NIMC, noting that E. R. Opara, counsel to Truid Limited, stated that the contract is premised on an arrangement whereby the Truid Limited funded, developed and deployed the “tokenization system project” without any financial obligation from NIMC.
According to E. R. Opara, counsel to Truid Limited, the agreement is premised on an arrangement that the project would be funded by the firm.
“Truid Ltd was to get returns on her investment through patronage of service providers and the proceeds shared on an agreed ratio. This was to run for an initial period of 10 years, from 2021 when the software was deployed,” Opara said.
According to the petition, things were going smoothly until the appointment of the new DG of NIMC, Mrs. Coker-Odusote, who has been trying to truncate the agreement.
When contacted to comment on whether or not the DG NIMC has personally appeared before the committee, Chairman of the House of Representatives Committee on Public Petitions, Honourable Mike Etaba said: “For now, that matter has been stepped down!”
Honourable Etaba explained further why the matter was stepped down: “We are now taking that case on an Alternative Dispute Resolution (ADR) route. That’s where the matter is now,” he said, adding, “the Committee is silent on it (the matter) until they give us the report of the ADR. That is when we will know what next to do.”
Asked when the ADR resolution he mentioned is meant to be concluded, Honourable Etaba stated: “I can’t say for now how and when the ADR will come up. That’s the situation of the case for now.”
The Lagos State Governor, His Excellency Babajide Sanwo-Olu has commended Africa’s leading e-commerce platform, Jumia Nigeria, for its giant strides and in the growth of the country’s e-commerce sector, as well as its unique contributions to its economic development.
He said that Jumia has earned its place as a major brand, with its growth and trajectory in the country’s e-commerce ecosystem over the years which, he said, has made it a household name. He urged the company to not only strive to maintain its excellent service standards, but to also work towards improving them.
The Governor who was speaking during a courtesy visit by the management of Jumia Nigeria to the State House in Marina on Thursday March 27, reaffirmed the strategic importance of the company in the economic development of Lagos State and Nigeria, especially in job creation.
He restated his administration’s commitment in ensuring that Lagos State remains environmentally friendly for businesses to grow.
“Our administration has always prioritized creating an enabling environment for businesses to thrive. Through various initiatives, we have strengthened the ease of doing business, and fostered innovation to drive economic growth, and we will continue to support businesses and create opportunities that will aid in their growth”, Sanwo-Olu said.
Governor Sanwo-Olu said that the Lagos State Government remains open to collaborations with the private sector to enhance service delivery, infrastructure development, and create opportunities for residents, with the aim of building a resilient and sustainable future.
He said the administration recognises the importance of working with the private sector to achieve its goals of improving the lives of its citizens.
Speaking also, the Chief Executive Officer of Jumia Nigeria, Sunil Natraj, thanked the governor for creating an enabling environment in the state for businesses like Jumia to grow. He stated Jumia’s commitment to contributing towards the growth and development of the state, and the country.
Natraj said the company has made tremendous strides from its early days as a tech start-up in Lagos and has grown to become the number one e-commerce platform in Nigeria, with a presence in nine African countries. He said the company presently employs hundreds of Nigerians directly, and thousands more indirectly as independent sales agents and partners.
He restated Jumia Nigeria’s commitment to providing excellent service, focusing on delivering exceptional value and fostering long-term relationships with its customers around the country.
Among other things, he said the company is actively working to enhance customer experience, aiming to simplify the e-commerce process, making it easier for customers to navigate and shop online.
According to him, Jumia aims to transform everyday life in Africa by making it easier for consumers to access goods and services conveniently and affordably, adding that the company is focused on expanding access to retail across the country.
Nigerian National Petroleum Company (NNPC) Limited has announced its readiness for the capital market with an Initial Public Offer (IPO) now in the final stage.
Mr. Olugbenga Oluwaniyi, chief finance and investor relations officer (CFIO), NNPC, stated this at a consultative meeting with partners at the NNPC Towers, Abuja, on Thursday.
He said the move aligned with the provisions of the Petroleum Industry Act, 2021.
He said NNPCL was currently engaging with prospective partners in an exercise tagged: “NNPC Ltd. IPO Beauty Parade” in line with capital market regulations before the commencement of the IPO.
According to the CFIO, the aim of the IPO Beauty Parade is to assess potential partners and determine in what ways they could be of support to the company.
He listed the areas of partnership required to include Investor Relations, IPO Readiness Advisors, and Investment Bank Partners.
He said the company with the best offer in terms of project partnership would be selected for each of the three categories.
The PIA provides for NNPCL to list its shares in the capital market in line with the provisions of the Company and Allied Matters Act (CAMA) 1990.
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