E-Business
Oracle Introduces Oracle Analytics Cloud
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With rapid adoption of software-as-a-service (SaaS) applications, accumulation of data at unprecedented rates, and growing preference for cloud-based IT deployments, data gravity is moving to the cloud. With that shift, cloud-based analytics has become paramount.
Until now, however, analytics technology in the cloud and analytics for cloud-based data have been delivered piecemeal, with significant gaps. Oracle today announced Oracle Analytics Cloud, a comprehensive portfolio of analytics offerings built for the cloud; deployed in the cloud; and enabling data analysis for cloud, on-premises, traditional, and big data sources.
Oracle Analytics Cloud is a comprehensive offering that delivers business intelligence and analytics for traditional data and big data.
Cloud-resident technologies enable the collection, storage, preparation, and analysis of all the data assets of an organization.
Prebuilt analytic applications provide embedded real-time reporting and deep cross-functional analysis for a range of SaaS applications.
Oracle Analytics Cloud meets the needs of line-of-business users, data scientists, and IT.
Mobile access and analysis is provided out of the box, so customers can access and analyze insights anytime, anywhere, with no additional development required.
Oracle partners can leverage Oracle Analytics Cloud to deliver a vast range of analytic functionality for their clients, opening up new revenue streams.
The offering also frees up valuable IT resources, enabling them to ensure security and maintain control over their information architecture.
Built on proven, industry-leading Oracle Business Intelligence and database technologies and the Oracle Cloud infrastructure, Oracle Analytics Cloud delivers massive scalability, high availability, state of the art security, operational simplicity, and elastic scaling.
Speaking on the service, Balaji Yelamanchili, senior vice president, analytics and performance management products, Oracle, said, “Data gravity is moving to the cloud, driven by the rapid adoption of SaaS applications and accelerating preference for cloud-based IT deployments. The need for cloud-based analytics has increased as a result.
“With today’s announcement, Oracle is first to fulfill a gap in the market, offering Oracle Analytics Cloud, a comprehensive portfolio of analytics offerings with millions of users already leveraging it. The comprehensive BI and big data analytics capabilities in the cloud will empower organizations to find and exploit new insights to drive their organizations forward.”
“The embedded analytics in Oracle HCM Cloud have helped our universities get the insight they need for running our business, improving our ability to plan and increasing the job satisfaction of our employees. The dashboards and reports are used every day by our human resources executives and analysts,” said Segar Annamalai, chief information officer, American Career College.
“Oracle BI Cloud Service allows Skanska to be a lot more agile,” said Peter Bjork, vice president, Information System Strategies, Skanska. “When we need new analytics, Oracle BI Cloud Service allows us to create them quickly, without having to worry about infrastructure setup or software upgrades. And it allows us to tap into all our information sources. Together with the other Oracle cloud services we use, we see Oracle BI Cloud Service as a way to help us transform our industry.”
“Business intelligence is reaching beyond its traditional confines of power users to help a much broader audience of people apply data-driven insight to everyday decision-making. The emergence of cloud BI reflects the diverse requirements of this emergent audience, providing flexible access to analytical capability without the need for significant and time-consuming investment in on-premises hardware and software. BI has definitely trailed other business applications’ move to cloud, but as the volume of data generated and stored there grows, the case for cloud BI becomes compelling,” added Tom M. Pringle, practice leader, Information Management, Ovum.
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E-Business
South Korea Joins List of Countries Banning DeepSeek over Security Concerns
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South Korean authorities have temporarily blocked new downloads of the DeepSeek artificial intelligence (AI) app, citing concerns over the company’s handling of user data.
The country’s Personal Information Protection Commission (PIPC) announced the decision on Monday, saying that the Chinese AI startup had failed to fully comply with South Korea’s data protection laws.
According to PIPC, DeepSeek recently appointed legal representatives in South Korea and admitted to partially neglecting regulatory considerations regarding user privacy.
“The Chinese startup appointed legal representatives last week in South Korea and had acknowledged partially neglecting considerations of the country’s data protection law,” the PIPC said.
The commission added that the app’s service would resume once the company implements improvements in accordance with national privacy laws.
According to Reuters, when asked about South Korea’s move, a spokesperson for China’s foreign ministry said the Chinese government prioritises data privacy and security, ensuring compliance with legal standards.
The spokesperson also said China does not require companies or individuals to collect or store data in violation of laws.
The ban follows similar actions by other governments.
On February 4, Australia prohibited the use of DeepSeek on government devices due to security concerns.
Italy’s privacy regulator recently blocked the AI service, citing the company’s failure to address data policy issues.
Taiwan has also warned about potential risks related to cross-border data transmission and information leaks.
Also, regulators in Ireland and France have launched investigations into DeepSeek’s data-handling practices.
DeepSeek gained global adoption for its advanced human-like reasoning capabilities and open-source model.
In January, it surpassed OpenAI’s Chatgpt as the most downloaded free app on the Apple store.
E-Business
AU Endorses Nigeria as AfCFTA Digital Trade Champion
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The African Union (AU) has officially designated Nigeria as the Digital Trade Champion under the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol, citing the country’s leadership in digital enterprise and innovation.
The endorsement came at the 38th Ordinary Session of the Assembly of Heads of State and Government, which concluded on Sunday in Addis Ababa.
Nigeria’s proactive role in advancing the digital trade protocol, adopted in February 2024, was a key factor in the decision.
The AfCFTA Digital Trade Protocol encompasses eight annexes covering crucial areas such as rules of origin, digital identities, cross-border data transfers, online safety, and financial technology. The protocol is expected to provide a robust framework for Africa’s digital economy.
According to a statement issued on Monday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, former President of Niger Republic and AU AfCFTA Champion, Mahamadou Issoufou, praised Nigeria’s leadership, particularly for convening the Digital Economy Roundtable in January.
“No organization, region, or continent has negotiated or adopted such a comprehensive legal instrument on digital trade, positioning the African continent to benefit from the digital economy for innovation and job creation,” Issoufou said in his progress report to the AU Assembly.
He also highlighted Africa’s growing influence in digital innovation, particularly in mobile banking and financial technology, and noted that the protocol would create an enabling environment for young African entrepreneurs.
“The AfCFTA Protocol on Digital Trade will establish a conducive environment for these young people to fully participate in Africa’s digital economy,” Issoufou added.
Reflecting on the roundtable in Abuja, he commended President Bola Tinubu and his administration for facilitating discussions with key stakeholders.
“The Roundtable was attended by young pioneers in Fintech, mobile banking and other areas of the digital economy. It was evident from the discussions that young people are eager to take advantage of Africa’s digital economy through the AfCFTA Protocol on Digital Trade”, he said.
Speaking at the AU summit, Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the AU’s endorsement as a milestone in Africa’s economic development.
“Africa has demonstrated global leadership by pioneering the first-of-its-kind AfCFTA Protocol on Digital Trade—establishing a comprehensive regulatory framework,” Dr. Oduwole stated.
She emphasized that the protocol is a “game changer” for the continent, predicting that it would generate millions of jobs, contribute billions to Africa’s GDP, and attract significant investments in digital infrastructure.
E-Business
Schmidt, Ex Google Chief Says AI Risky in Terrorist Hands
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Eric Schmidt, former Google CEO has expressed concerns about the extreme risks posed by artificial intelligence (AI) falling into the hands of terrorists or rogue states.
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Eric Schmidt, former Google CEO
He warned that nations such as North Korea, Iran, and Russia could adopt AI technologies to develop weapons capable of causing significant harm, including biological weapons.
Schmidt urged governments to oversee private tech companies, emphasising, “The real fears I have are not the ones most people discuss about AI, I talk about extreme risk.”
“I’m always worried about an ‘Osama Bin Laden’ scenario, where truly evil individuals take control of some aspect of modern life to harm innocent people,” he added.
With private companies driving AI advancements, he stressed the need for careful government monitoring and regulation. “It’s really important that governments understand what we’re doing and keep their eye on us,” he said.
His remarks followed a two-day AI summit in Paris, where the UK and the U.S. declined to sign a communiqué outlining the future direction of AI. The declaration on “inclusive and sustainable artificial intelligence for people and the planet” was endorsed by 57 countries, including India, China, the Vatican, the EU, and the African Union Commission.
The UK justified its decision, stating that the agreement lacked “practical clarity” on global AI governance and national security concerns.
Schmidt supports U.S. export controls restricting the sale of advanced AI microchips to certain countries, aiming to slow adversaries’ progress in AI research.
He also highlights the importance of international collaboration on AI safety, suggesting that cooperation with nations like China is essential to addressing global AI challenges.
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