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E-Business

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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E-Business

FG Partners UK to Combat Cross-border Cyber-crime

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The federal government and the United Kingdom signed an agreement Tuesday to combat the growing threat of cyber-crime. The Memorandum of Understanding was signed following a courtesy visit by David George Hanson, minister of the home office, UK, to the Nigeria Police Force headquarters, Louis Edet House in Abuja.

Transnational crime is a big problem for both the UK and Nigeria, so the governments intend to strengthen existing collaboration efforts to crack down on cyber-criminals and protect their industries from unlawful activities.

Offences such as online fraud, identity theft, digital extortion, and ransomware , operate across many jurisdictions, and frequently necessitate sophisticated cooperation efforts, according to the two governments during a press conference.

Furthermore, Lateef Fagbemi, Nigeria’s attorney-general and minister of justice, established the Joint Case Team on Cybercrime, which aims to address the need for a coordinated and robust approach to combating cybercrime, as stated in the Cybercrimes Act of 2015, which criminalises cyber-related offences.

Hanson underlined the importance of ongoing cooperation efforts to combat international crime in a number of areas, affecting vulnerable individuals.

He said: “We need to look again at how we can build cooperation between the Federal Government, the federal police, and our police forces and National Crime Agency to take action against these international criminals, who are exploiting vulnerable people in a whole range of areas. The National Crime Agency, the Home Office Fraud Department, and the High Commission need to make sure we make a big impact on this transnational crime.”

“The collaboration between the Nigerian Police Force and National Crime Agency continues to serve as a model in international law enforcement cooperation. We have successfully conducted joint operations into many cases of cybercrimes and online fraud. With your [UK government] cooperation, we have continued to bust other criminal networks around the world,” added inspector-general of Nigerian Police Force, Kayode Adeolu Egbetokun.

 


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CAC to Prosecute Business Owners Operating Without Registration

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Corporate Affairs Commission (CAC) has reaffirmed its commitment to enforcing business registration laws in Nigeria, warning that individuals and organizations operating unregistered businesses will face prosecution.

In a statement, the CAC emphasized that conducting business without proper registration violates the Companies and Allied Matters Act (CAMA) 2020, undermining transparency and accountability in the corporate sector.

The commission stressed that registration is not only a legal requirement but also a gateway to formal business opportunities, including access to bank loans, government grants, and partnerships.

The enforcement drive will be nationwide, targeting small and medium-sized enterprises (SMEs), online vendors, and informal traders who have failed to comply despite previous awareness campaigns and registration amnesty windows.

The CAC disclosed that enforcement teams, in collaboration with security agencies, will be deployed to identify and prosecute defaulters.

The commission urged business owners to take advantage of its simplified registration platform to regularize their status, noting that compliance will boost investor confidence and improve Nigeria’s ease of doing business. It warned that ignorance of the law will not be accepted as an excuse.

Business owners are advised to act promptly to avoid legal consequences, as the CAC moves to ensure a more structured and regulated business environment in Nigeria.


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NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

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Nigerian Copyright Commission (NCC) has pledged to enforce its legal obligations to combat online intellectual property infringement and urged commercial music users to obtain proper licences from rights holders or their representatives.

NCC Vows to Tackle Online Infringement, Block Illegal Music Websites

The Commission stated that this ensures creators are fairly compensated, supporting the music industry’s sustainable growth.

In a statement commemorating the 2025 World Intellectual Property Day, themed “IP and Music: Feel the Best of IP,” the NCC announced plans to enforce the Copyright Act 2022, which allows for the takedown of infringing materials and blocking of websites hosting illegal content.

Signed by Mrs Ijeoma Egbunike, director of Public Affairs, the statement outlined an aggressive anti-piracy campaign in collaboration with the private sector, targeting the online environment.

Egbunike affirmed the NCC’s commitment to establishing enforceable standards for transparency, digital audits, and real-time royalty reporting to protect creators’ rights. She stated, “The NCC will continue to champion policies that support the growth of the music industry, improve the livelihoods of Nigerian musicians, and foster a culture of creativity and respect for intellectual property.”

Despite the global success of Afrobeats and other Nigerian genres, the NCC noted that many musicians face low royalty returns due to rampant digital piracy.

To address this, the Commission revised its Collective Management Regulations to enhance transparency and accountability among Collective Management Organisations (CMOs).

The NCC emphasised that proper licensing is a legal obligation and vital for Nigeria’s creative economy, stating, “Music must feel the beat of intellectual property for the full potential of creativity to be realised.”

The Commission highlighted that creators’ livelihoods depend on fair royalty compensation.

Recent enforcement measures include the NCC’s designation by the Attorney-General of the Federation as an authority under the Proceeds of Crime (Recovery and Management) Act 2022.

This, combined with the Copyright Act 2022, empowers the NCC to order takedowns and block illegal music distribution websites.


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