E-Business
Gartner Quashes 5 Biggest Data Myths

With so much hype about big data, it’s hard for IT leaders to know how to exploit its potential, even as Gartner, Inc. dispels five myths to help IT leaders evolve their information infrastructure strategies.
“Big data offers big opportunities, but poses even bigger challenges. Its sheer volume doesn’t solve the problems inherent in all data,” said Alexander Linden, research director at Gartner. “IT leaders need to cut through the hype and confusion, and base their actions on known facts and business-driven outcomes.”
Myth No. 1: Everyone Is Ahead of Us in Adopting Big Data
Interest in big data technologies and services is at a record high, with 73 percent of the organizations Gartner surveyed in 2014 investing or planning to invest in them.
But most organizations are still in the very early stages of adoption — only 13 percent of those we surveyed had actually deployed these solutions.
The biggest challenges that organizations face are to determine how to obtain value from big data, and how to decide where to start.
Many organizations get stuck at the pilot stage because they don’t tie the technology to business processes or concrete use cases.
Myth No. 2: We Have So Much Data, We Don’t Need to Worry About Every Little Data Flaw
IT leaders believe that the huge volume of data that organizations now manage makes individual data quality flaws insignificant due to the “law of large numbers.”
Their view is that individual data quality flaws don’t influence the overall outcome when the data is analyzed because each flaw is only a tiny part of the mass of data in their organization.
“In reality, although each individual flaw has a much smaller impact on the whole dataset than it did when there was less data, there are more flaws than before because there is more data,” said Ted Friedman, vice president and distinguished analyst at Gartner. “Therefore, the overall impact of poor-quality data on the whole dataset remains the same. In addition, much of the data that organizations use in a big data context comes from outside, or is of unknown structure and origin. This means that the likelihood of data quality issues is even higher than before. So data quality is actually more important in the world of big data.”
Myth No. 3: Big Data Technology Will Eliminate the Need for Data Integration
The general view is that big data technology — specifically the potential to process information via a “schema on read” approach — will enable organizations to read the same sources using multiple data models. Many people believe this flexibility will enable end users to determine how to interpret any data asset on demand. It will also, they believe, provide data access tailored to individual users.
In reality, most information users rely significantly on “schema on write” scenarios in which data is described, content is prescribed, and there is agreement about the integrity of data and how it relates to the scenarios.
Myth No. 4: It’s Pointless Using a Data Warehouse for Advanced Analytics
Many information management (IM) leaders consider building a data warehouse to be a time-consuming and pointless exercise when advanced analytics use new types of data beyond the data warehouse.
The reality is that many advanced analytics projects use a data warehouse during the analysis.
In other cases, IM leaders must refine new data types that are part of big data to make them suitable for analysis.
They have to decide which data is relevant, how to aggregate it, and the level of data quality necessary — and this data refinement can happen in places other than the data warehouse.
Myth No. 5: Data Lakes Will Replace the Data Warehouse
Vendors market data lakes as enterprisewide data management platforms for analyzing disparate sources of data in their native formats.
In reality, it’s misleading for vendors to position data lakes as replacements for data warehouses or as critical elements of customers’ analytical infrastructure.
A data lake’s foundational technologies lack the maturity and breadth of the features found in established data warehouse technologies. “Data warehouses already have the capabilities to support a broad variety of users throughout an organization. IM leaders don’t have to wait for data lakes to catch up,” said Nick Heudecker, research director at Gartner.
E-Business
Firm Finds Leaked Netflix, Roblox and Discord Accounts Registered on Corporate emails

Employees may also use corporate emails to register for personal accounts on marketplaces and social media, increasing the risk of account theft and corporate security breaches, according to a study by Kaspersky Digital Footprint Intelligence.
Kaspersky shares these findings and suggests key cybersecurity practices to mitigate the risks of credential leaks.
Kaspersky experts analysed compromised credentials leaked on the dark web between 2019 and 2024 for three popular entertainment platforms: Roblox, Discord and Netflix. The analysis revealed that, on average, 7% of users whose accounts were leaked had registered on these platforms using a corporate email address.
“Registering on various services for personal use with a work email is not best practice. First, you may lose access to these accounts if you change jobs. Second, it can pose security risks for both you and your company.
“If your passwords follow a predictable pattern across different services – for example, ‘Word2025!’, where ‘2025’ is a recurring part – it increases the likelihood of other accounts being compromised, including your work account, should your corporate email be exposed in a dark web leak,” explains Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
Kaspersky experts also found that bank employees most commonly registered their work email addresses on streaming services, marketplaces and social networks. In a few cases, corporate emails were also used as logins on gaming platforms and adult content websites.
Corporate email usage on entertainment platforms: statistics from a sample of 50 banking sector companies.
To conduct this study, experts compiled a sample of 50 banking sector companies and examined compromised credentials leaked on the dark web, identifying those linked to the corporate domains of these companies across five categories of popular platforms.
Learn more in the report. In light of this growing infostealer threat, Kaspersky has launched a dedicated landing page to raise awareness of the issue and provide strategies for mitigating associated risks.
If you encounter a data leak through infostealers, the following steps should be taken immediately:
- Change compromised account passwords and monitor for suspicious activity associated with those accounts.
- Run full security scans on all devices, removing any detected malware.
- Companies are recommended to monitor dark web markets proactively to detect compromised accounts before they pose risks to customers or employees. A detailed guide on setting up monitoring can be found here. Leverage Kaspersky Digital Footprint Intelligence to track what cybercriminals know about your company’s assets, identify potential attack vectors, and implement protective measures in a timely manner.
- As an enterprise, implement a security awareness program for employees, including regular training and performance assessments. Enforce a strict password policy for all corporate resources to reduce the risks of encountering credential-related cyber threats.
E-Business
NDPC, Mastercard Partner to Strengthen Data Protection

Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding with Mastercard to enhance data protection in Nigeria.

Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
The agreement was sealed during a workshop where 150 Data Protection Officers (DPOs) were trained on Data Protection Impact Assessments (DPIAs).
Dr. Vincent Olatunji, commissioner, NDPC, said the event kicks off activities for the 8th NADPA conference, highlighting government efforts to train more certified DPOs.
Olatunji also disclosed the Federal Government’s commitment to increasing the number of certified DPOs with the required skills to manage data protection.
He noted that Nigeria’s digital-savvy youth are key to driving this agenda.
“Human capital is really key to us, and the ecosystem we are regulating is very special. It is still new, still emerging, and we need all we can to build the capacity of officers.
“We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.
“We are targeting to build the capacity of 250,000 DPOs annually, and we are working with partners like Mastercard to achieve that,” he said.
Derek Ho,deputy chief privacy officer, Mastercard, also stressed the need for collaboration to build trust in the digital economy and urged participants to embrace training as data protection keeps evolving.
E-Business
CSCS Launches *7270#, USSD Code Service

Central Securities Clearing System PLC (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025.
The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users.
Also, this service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service.
As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms.
Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, managing director/chief executive officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.
“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon.
This innovative service offers investors streamlined and secure access to critical market information at their fingertips.
Aisha Umar Mumuni, chief digital officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.
“By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency,” she said.
CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.
This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.
- E-Business2 days ago
Expert Urges FG to Leverage Digital Assets to Drive Diversification Goal
- General News2 days ago
SeamlessHR, AOPN Push Payroll Innovation for Nigeria’s Outsourcing Growth
- General News2 days ago
FG Faults AfDB’s Adesina on Nigeria’s GDP Per Capita Figures
- News2 days ago
Cabals Still Fighting our Refinery – Dangote
- Telecom2 days ago
Telcos Plan Zero Tariff in Some Regions with Low Opex
- E-Financial2 days ago
First Asset Management Surpasses ₦1 Trillion in Assets Under Management
- Telecom2 days ago
AVEVA Appoints Sébastien Ory as EMEA VP Partners & Channels
- News2 days ago
NPAN Hails Tribunal’s Ruling on FCCPC’s $220M Fine Against Meta