BCX – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 30 Jan 2025 09:15:13 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png BCX – Tech | Business | Economy https://techeconomy.ng 32 32 AI Trends Shaping 2025: Impacts on Key Sectors in Africa and Beyond https://techeconomy.ng/ai-trends-shaping-2025/ https://techeconomy.ng/ai-trends-shaping-2025/#respond Thu, 30 Jan 2025 09:15:13 +0000 https://techeconomy.ng/?p=152187 As Artificial Intelligence (AI) continues its meteoric rise, 2025 promises to be a year of transformative developments. With advancements in generative AI, healthcare applications, and edge AI, the landscape for AI-driven solutions is evolving rapidly across sectors.

While AI is still in its early stages for many organisations, the next few years will usher in widespread adoption and integration, particularly within healthcare, manufacturing, the public sector, retail, and financial services.

These AI trends not only promise to redefine the way industries operate but also present unique opportunities for African businesses to leapfrog traditional challenges and accelerate their digital transformation.

Generative AI: transforming content creation and innovation 

Generative AI, typified by models like GPT-4, will expand beyond creative industries and permeate sectors that rely heavily on innovation and content creation. In 2025, businesses will increasingly use generative AI for a variety of applications—such as writing, design, and even coding.

This AI capability allows companies to scale creativity while maintaining quality and consistency.

In the healthcare sector, for example, AI can assist with the creation of personalised treatment plans and medical documentation, significantly improving efficiencies.

AI-driven systems will streamline research processes by synthesising large volumes of medical literature, aiding in the discovery of new treatments.

In manufacturing, generative AI could be used to design prototypes or simulate product performance before production begins. This helps companies in sectors like automotive or consumer electronics reduce development costs and shorten time-to-market.

AI in healthcare: from diagnostics to telemedicine

In 2025, AI’s role in healthcare will extend far beyond diagnostics. AI-driven systems will be able to analyse medical data with greater precision, helping clinicians diagnose conditions faster and more accurately. Enhanced decision-making support tools, powered by AI, will assist doctors in recommending highly personalised treatments, potentially saving lives and improving patient outcomes.

AI in telemedicine will also experience a surge, with algorithms helping doctors offer consultations remotely, expanding access to quality care in underserved regions.

With its ability to process vast amounts of medical data quickly, AI will improve the management of chronic conditions by offering real-time recommendations on treatment plans.

South African examples, such as Envisionit Deep AI, are already demonstrating how AI can be leveraged in radiology, helping detect and treat medical conditions more efficiently.

Edge AI: real-time processing at the source

Edge AI, or the ability to process data on devices rather than relying on central servers, is set to revolutionise industries that require real-time decision-making. This will be particularly impactful in sectors such as manufacturing, where AI-enabled sensors and devices can monitor equipment, predict failures, and enable real-time intervention on factory floors.

The public sector will also benefit from edge AI in urban management systems, helping monitor traffic flows, manage city infrastructure, and ensure more responsive public services.

For example, AI could analyse real-time data from sensors across a city to predict traffic congestion or detect criminal activities, enhancing both public safety and urban planning.

In retail, edge AI will enable hyper-local, personalised shopping experiences by processing data from customer interactions at the point of sale.

This can provide real-time recommendations or promotions to consumers, enhancing customer experience and increasing conversion rates.

AI for cybersecurity: protecting the digital ecosystem

As businesses continue to digitise operations, cybersecurity will be one of the most critical areas where AI plays a pivotal role. AI will help detect threats in real time, analyse unusual patterns in vast volumes of data, and automatically respond to security breaches.

In financial services, AI systems will work round the clock to identify potential fraud before it happens, drastically reducing the risk of cyber-attacks.

With the increase in remote working and the growing volume of interconnected devices, AI will be essential for identifying and mitigating potential vulnerabilities and creating robust security measures across industries.

Explainable AI: Building Trust and Transparency

As AI becomes more embedded in decision-making processes, there will be increasing demand for transparency. Explainable AI (XAI) is a response to this demand, helping businesses and consumers understand how AI models make decisions.

In 2025, businesses will increasingly adopt explainable AI to ensure that their AI systems are not “black boxes” but offer clarity on how results are generated.

This trend will have far-reaching impacts on financial services and healthcare, where trust is paramount. Financial institutions, for example, will need to ensure that AI-driven credit scoring or loan approval processes are transparent to customers and regulators.

Similarly, in healthcare, AI-driven recommendations for treatment will need to be explainable to both doctors and patients to ensure they are trusted and effectively used.

AI-driven automation: a catalyst for operational efficiency

AI-driven automation will continue to accelerate across industries, enabling businesses to streamline operations and focus human efforts on high-value tasks.

By automating routine tasks like data entry, scheduling, and customer support, organisations will see improvements in efficiency, cost reduction, and employee satisfaction.

In retail, AI automation will transform supply chain management, inventory control, and customer service. Retailers will use AI-driven chatbots to handle customer inquiries and automate the fulfilment process to speed up deliveries.

Meanwhile, in manufacturing, automation will enable “smart factories” that adapt to real-time conditions, ensuring that production is both efficient and sustainable.

Organisations like BCX, have been and continue to be at the forefront of these developments, helping businesses optimise their operations through AI-driven solutions that promote automation, reduce operational costs, and enhance service delivery.

AI ethics and regulation: ensuring responsible adoption.

As AI technology becomes pervasive across all sectors, the need for strong governance frameworks will increase. By 2025, we can expect to see more robust AI regulation and a greater focus on ethical considerations. Businesses will be required to ensure that their AI systems are developed and deployed in a way that is fair, transparent, and free from bias.

For financial services and the public sector, in particular, there will be a heightened focus on compliance with AI regulations to ensure that algorithms are not discriminatory and are aligned with societal norms. AI-driven credit scoring or law enforcement tools must meet ethical standards and be held accountable.

In 2025 and beyond, AI’s transformative potential is becoming clearer, with advancements that will revolutionise industries across Africa, South Africa, and beyond. From healthcare to manufacturing, the AI trends outlined are just the beginning of what promises to be a decade of innovation.

Organisations that embrace these changes and implement responsible, transparent AI solutions will gain a competitive edge, driving growth and improving service delivery.

For companies like BCX, AI is not just a technological shift but a powerful enabler of growth.

By providing tailored AI solutions across industries such as finance, retail, and the public sector, BCX is helping businesses in South Africa and Africa leverage AI’s full potential to drive success in an increasingly digital world.

As AI continues to evolve, the ability to navigate its complexities and adopt it strategically will be a defining factor for organisations looking to stay ahead in 2025 and beyond.

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Cybersecurity Trends and Adoption in Africa: A Comprehensive Overview for 2025 https://techeconomy.ng/cybersecurity-trends-and-adoption-in-africa-in-2025/ https://techeconomy.ng/cybersecurity-trends-and-adoption-in-africa-in-2025/#comments Thu, 16 Jan 2025 11:27:59 +0000 https://techeconomy.ng/?p=151304 Garith Peck, managing executive: Cloud & Cybersecurity at BCX
Author: Garith Peck, managing executive: Cloud & Cybersecurity at BCX

As digital transformation accelerates across Africa and South Africa, cybersecurity has become a critical concern for governments, businesses, and individuals.

The growing adoption of new technologies and the evolving sophistication of cyber threats necessitate proactive and future-proof security measures.

Below, we explore key cybersecurity trends for 2025, highlighting their impact on businesses in Africa, along with notable examples of cybersecurity adoption and the challenges faced by businesses in the continent, including how these trends affect specific sectors.

1. Rise of ransomware and digital extortion

Ransomware attacks are on the rise across Africa, with cybercriminals increasingly targeting businesses, government institutions, and critical infrastructure.

These attacks often demand large ransoms to restore access to critical data, and in some cases, attackers may also steal data and threaten to leak it.

Sectors such as healthcare, finance, utilities, and manufacturing are high-value targets for these types of attacks.

Safaricom in Kenya, one of the largest telecom operators, has implemented advanced AI-driven cybersecurity measures to protect its mobile money platform, M-Pesa, which serves millions of users.

These measures help safeguard financial transactions from ransomware and other cyber threats. Similarly, in South Africa, Eskom, the country’s largest energy supplier, has invested in robust cybersecurity strategies to protect its critical infrastructure from ransomware attacks and other forms of cyber extortion.

As these threats evolve, businesses must invest in resilient cybersecurity infrastructure, disaster recovery plans, and rapid incident response strategies to mitigate the impact of these increasingly sophisticated attacks.

2. AI-driven cybersecurity

Artificial intelligence (AI) will play a critical role in shaping cybersecurity for 2025. While AI enhances threat detection, vulnerability identification, and automated responses, it also presents a challenge as cybercriminals use the same technologies to create more sophisticated attacks.

AI-driven phishing, deepfake fraud, and social engineering tactics are expected to become increasingly difficult to detect, leading to more significant data breaches and fraud incidents.

In South Africa, organisations such as Standard Bank are already leveraging AI-powered threat detection systems to safeguard their digital banking services. These systems are designed to detect abnormal behaviour and prevent attacks before they can cause harm.

In Africa, the rise of AI-driven attacks, including deepfakes and automated phishing, will require businesses to adopt AI-powered security tools to stay ahead of the evolving threat landscape.

In the public sector, AI is used to enhance threat detection and response capabilities. For example, South Africa’s government is investing in AI systems to improve the resilience of public services against cyber threats. As digital transformation continues, these systems are crucial for detecting and mitigating attacks swiftly.

Similarly, AI will help optimise infrastructure development and urban planning in Africa, making it imperative for governments to prioritise AI-driven cybersecurity tools to protect sensitive data.

3. Zero Trust security models: trust no one, verify everything

With the rise of remote and hybrid work environments across Africa, the Zero Trust security model, where access requests are continuously verified, will gain more prominence in 2025. Zero Trust ensures that no user or device is trusted by default, and each access request is verified based on user identity, device health, and access permissions.

For example, the South African Revenue Service (SARS) has adopted a Zero Trust architecture to protect sensitive taxpayer information.

This approach ensures that every request to access or process data is verified, reducing the risk of internal and external breaches. Similarly, as businesses face increasing cybersecurity challenges, adopting Zero Trust will become essential to securing their networks and data.

In the retail sector, AI-driven Zero Trust security models will be essential in protecting sensitive customer information from cybercriminals.

As e-commerce platforms continue to grow, companies will need to ensure that each user, transaction, and device is thoroughly verified to safeguard data.

In financial services, Zero Trust will become critical for preventing fraud, ensuring that only trusted devices and users are allowed access to financial services and sensitive customer data.

4. Quantum-resistant cryptography

As quantum computing evolves, it presents a potential risk to traditional encryption methods. Many businesses, particularly those in sectors like finance and healthcare, rely on cryptography to protect sensitive personal and financial data.

The development of quantum-resistant encryption methods will become increasingly important as businesses look to future-proof their security strategies.

Forward-thinking organisations will need to begin preparing for the transition to quantum-safe algorithms to safeguard their data long after quantum computing becomes mainstream.

This is a critical step for industries handling highly sensitive information, such as banking, telecommunications, and healthcare.

The healthcare industry will be particularly affected by this trend. AI in diagnostics and patient care relies heavily on the security of sensitive health data.

Implementing quantum-resistant encryption will protect patient records and ensure that data remains secure even as quantum computing evolves. Similarly, manufacturing sectors focusing on industrial IoT and AI-driven supply chains will need to adopt quantum-resistant encryption to secure their operations.

5. Business Email Compromise (BEC) and phishing scams

Business Email Compromise (BEC) and phishing attacks remain significant threats. Cybercriminals use sophisticated tactics to impersonate trusted individuals, tricking employees into transferring funds or revealing sensitive information.

These scams are particularly prevalent in large organisations and government sectors, where communication and trust are pivotal.

In South Africa, a leading bank has implemented AI-driven cybersecurity measures to counter such attacks, ensuring that their financial transactions and sensitive customer data remain protected.

Across Africa, social media platforms are also becoming a popular vector for phishing campaigns, with cybercriminals using these platforms to distribute malicious links and steal personal information.

Businesses must continue to enhance their security posture to prevent these attacks and educate employees on how to recognise and avoid phishing scams.

In the financial services industry, BEC and phishing scams are a major concern, with cybercriminals attempting to steal sensitive customer data or manipulate employees into transferring funds.

The implementation of AI-driven fraud detection systems can help financial institutions protect their customers and prevent financial losses.

In retail, AI analytics will also be crucial for identifying fraudulent activities before they lead to significant financial damage.

6. Third-party risk management

The interconnectedness of today’s business ecosystem means that third-party vendors pose a significant risk to cybersecurity. Cybercriminals increasingly target the supply chain, and a breach in a third-party system can have devastating consequences for an organisation.

In 2025, businesses must focus on third-party risk management, ensuring that their vendors and partners meet stringent cybersecurity standards.

Kenya’s Safaricom and South Africa’s Standard Bank provide excellent examples of organisations that have prioritised third-party risk management.

Both companies work. For the mining sector, third-party risk management is crucial to prevent disruptions in operations, especially as mining companies adopt AI-driven remote monitoring and predictive maintenance systems.

Ensuring that third-party providers also meet stringent security standards will help avoid supply chain disruptions. In manufacturing, third-party risk management becomes essential for securing smart factory systems, especially as AI and IoT technologies become more integrated into production processes.

7. Human-Centric Security

Despite the growing sophistication of cybersecurity technologies, human error remains one of the biggest vulnerabilities in any security system.

As cyber threats become more advanced, organisations will focus more on human-centric security, emphasising employee training and awareness to mitigate risks such as phishing and weak password practices.

The shortage of skilled cybersecurity professionals in South Africa and other parts of Africa further exacerbates the challenge of securing organisations against human error.

To address this, companies must invest in continuous employee training, providing resources to help workers identify and avoid common social engineering tactics.

By fostering a culture of security, where every employee plays a role in protecting the organisation’s assets, businesses can significantly reduce their exposure to cybersecurity risks.

In the public sector, human-centric security will be critical to ensuring that government employees and contractors are well-trained to recognise and prevent phishing attacks, especially as AI-driven systems become more prevalent in public service delivery. Similarly, the healthcare sector will need to focus on training staff to securely handle patient data and protect against social engineering attacks, ensuring the privacy of health records remains intact.

8. Challenges in implementing cybersecurity measures

a. Limited resources: Many organisations across Africa face financial constraints, making it difficult for them to invest in advanced cybersecurity tools and hire qualified professionals. Smaller businesses, in particular, struggle to implement comprehensive security measures due to budget limitations.

b. Evolving threat landscape: Cybercriminals are continuously adapting their tactics, necessitating ongoing investment in updated security technologies and employee training. This rapid evolution of threats presents a significant challenge for businesses looking to stay one step ahead.

c. Regulatory compliance: As regulatory frameworks like the Protection of Personal Information Act (POPIA) in South Africa become more stringent, organisations must ensure compliance with evolving data protection laws. Navigating these complex requirements can be both resource-intensive and costly.

d. Skills gap: The shortage of qualified cybersecurity professionals remains one of the most significant barriers to effective cybersecurity implementation. Without enough skilled experts, organisations are vulnerable to cyberattacks.

Cybersecurity is an urgent concern for organisations across Africa as they face a rapidly evolving threat landscape.

From the rise of ransomware and digital extortion to the adoption of AI-driven security tools and Zero Trust models, businesses must remain proactive in securing their digital infrastructure. The integration of quantum-resistant cryptography and a focus on third-party risk management will also play a critical role in safeguarding data.

Despite the challenges—such as limited resources, a skills gap, and regulatory complexity—organisations can enhance their cybersecurity posture by leveraging advanced technologies, fostering a security-focused culture, and collaborating with trusted cybersecurity partners. By staying ahead of these emerging trends, businesses across Africa and South Africa can ensure they are not only secure but also resilient in the face of evolving cyber threats.

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Meeting the Rising Demand for Digital Infrastructure for Data Centres https://techeconomy.ng/meeting-the-rising-demand-for-digital-infrastructure-for-data-centres/ https://techeconomy.ng/meeting-the-rising-demand-for-digital-infrastructure-for-data-centres/#respond Tue, 30 Jul 2024 08:05:50 +0000 https://techeconomy.ng/?p=138396 New technological trends such as AI-generated content, quantum computing, and 5G expansion are driving an insatiable demand for new data centres worldwide.

In South Africa, this demand is particularly pronounced as the country positions itself as a critical hub for digital innovation and transformation across the African continent.

The data centre industry is set for substantial growth, largely fuelled by technological advancements and a rising demand for digital services.

Strategic investments and collaborative efforts will empower South Africa to solidify its role as a pivotal player in the global data centre market.

Substantial investments are being funnelled into the data centre market to keep up with technological advancements and the rising demand for digital services.

The explosion of AI applications necessitates robust data storage and processing capabilities. AI-generated content and machine learning models require vast amounts of data and computational power, both of which are provided by data centres.

Though still in its nascent stages, quantum computing promises to revolutionise data processing speeds and capabilities.

This emerging technology will further drive the need for advanced data centre infrastructure capable of supporting quantum operations.

The rollout of 5G networks enhances connectivity and increases data transfer speeds, leading to more data generation and the need for faster processing and storage solutions.

Data centres are essential to manage this increased data flow and provide the necessary computational power.

In South Africa, several key developments underscore the country’s commitment to expanding its data centre infrastructure.

Microsoft has announced plans to build out its cloud infrastructure in new areas of South Africa to meet growing demand from both public sector and private organisations. This expansion is part of Microsoft’s broader strategy to accelerate digital transformation in South Africa and across Africa.

Microsoft initially entered the South African market by opening two Azure regions in 2019, in Johannesburg and Cape Town. However, the Cape Town region was de-listed at the start of 2021 and may have been re-classified as a ‘reserved access region’.

AWS launched its own cloud region in Cape Town in April 2020. Oracle followed suit, opening its Johannesburg OCI region in January 2022.

Telkom subsidiary BCX launched an Alibaba cloud region in Johannesburg last year, and Google recently inaugurated its first GCP cloud region in Johannesburg recently.

The north and east of Johannesburg have emerged as preferred locations for major data centre operators. Areas such as Midrand, Samrand, Isando, and along the R21 highway host a high concentration of data centres, including those operated by Africa Data Centres, BCX, NTT, Vantage, and Teraco.

These areas are attractive due to the availability of suitable land and the necessary infrastructure to support large-scale data centres. However, the availability of electricity remains a critical factor in determining the viability of these locations.

South Africa’s ongoing energy challenges necessitate innovative solutions and significant investment in reliable power sources to ensure the uninterrupted operation of data centres.

As stressed, the expansion of data centre infrastructure is crucial to the country’s ability to harness the potential of AI, quantum computing, and 5G.

To meet this demand, it is essential for stakeholders, including government, private sector, and international partners, to collaborate on the development of data centres.

This includes addressing challenges such as energy availability and ensuring the necessary regulatory and policy frameworks are in place to support the growth of this critical infrastructure.

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Defying Data Barriers: How IT and Value Define the Business https://techeconomy.ng/defying-data-barriers-how-it-and-value-define-the-business/ https://techeconomy.ng/defying-data-barriers-how-it-and-value-define-the-business/#respond Wed, 17 Jul 2024 17:01:12 +0000 https://techeconomy.ng/?p=137158 The digital C-Suite – Chief Information Officer, Chief Data Officer, Chief Analytics Officer – has to solve for the business.

Every investment, technology and methodology is defined by the value they deliver to the organisation and its bottom line.

Data Barriers by Dr Karen Luyt
Dr Karen Luyt, Expert Solution Architect: Business and Digital Advisory, BCX
Stefan Steffen BCX
Stefan Steffen, Executive: Data Insights and Intelligence, BCX

As Harvard Business Review puts it – these roles are tenuous and set up for failure because they were originally defensive, focusing on control and risk and not on business value. It was not a role that would deliver the commoditisation of the data that the organisation wanted.

This is reflected in data released in the Data and Analytics Leadership Annual Survey 2023 – the CDO role grew from 12% to 82.6% from 2012 to 2023 and yet only 35.5% of companies believe the role is successful and only 40.5% say that the role is understood within the business.

It was a sentiment echoed at the Gartner Data and Analytics Summit 2023 where less than half of data and analytics leaders (44%) believed their teams delivered value to the business with limited funding (13%), resource limitations (29%) and talent (39%) proving the biggest obstacles to success.

Technical leaders need to find ways of working with the data and the technology to ensure it is oriented more closely to the business.

The business hat, so to speak, must be firmly on the digital C-suite’s head when looking at how they can optimise data, analytics, and systems to support every unit within the organisation.

HR, finance, supply chain, marketing – every unit requires a slice of the digital insights pie to ensure they too are optimising for success.

Value is the bridge between IT and the business. Now, CDOs, CIOs and CAOs must reimagine their architectures and approaches to ensure this value is found throughout their digital transformation and investment strategies. However, there are challenges.

The first is the impact of the cloud. Often perceived as an extension of the data centre, the cloud is a risk factor. Digital leaders need to understand the impact of having data in private and public areas while deftly navigating the challenges of linking and managing the data seamlessly between different cloud implementations.

This is further complicated by data security, change management and data sovereignty. Teams are struggling with vast quantities of data that’s not linked or is duplicated and their data governance is still in progress.

This is a complex landscape to navigate and manage, made even more challenging thanks to limited skills availability. There are not enough people with the expertise and training to get the value from the data.

Teams need to align the business roadmap with the technology investment to ensure the value created aligns with expectations.

This should be further balanced with a focus on improving processes to ensure that the business can better leverage the data through analytics tools or AI capabilities.

In addition, there is value in focusing on storage solutions that reduce the cost and complexities associated with vast quantities of data – instead, using tools that refine governance while increasing value and accessibility. These tools must help teams reduce data duplication, improve movement, and optimise costs.

BCX has developed an agile stable of data and analytics tools and capabilities designed to clean, refine, and manage the data for the organisation.

This high-level expertise translates into providing data-as-a-service capabilities with teams that have exceptional skills and a deep understanding of the challenges faced by the digital C-suite.

It’s the support that goes into the granular with any organisation, allowing for the business and the teams to create a data culture on a strong foundation of data literacy and visibility.

The BCX skillset and technology repertoire ensures the organisation can effectively build data value with the right levels of scalability and with AI, machine learning and intelligent toolsets optimising processes and streamlining data capability.

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Bias-free Futures: Strategies for Ethical AI Implementation https://techeconomy.ng/bias-free-futures-strategies-for-ethical-ai-implementation/ https://techeconomy.ng/bias-free-futures-strategies-for-ethical-ai-implementation/#respond Fri, 05 Apr 2024 14:17:45 +0000 https://techeconomy.ng/?p=128584 As organisations step up efforts to leverage the capabilities of artificial intelligence (AI), it is essential for both AI developers and regulators to consistently contemplate, integrate, and advocate for ethical considerations throughout the entire process.

That’s according to Hope Lukoto, chief human resource officer at BCX, who points out that while AI promises a plethora of business benefits, responsible use of the technology is key to unlocking its full potential.

AI bias, also referred to as machine learning bias or algorithm bias, refers to AI systems that produce biased results that reflect and perpetuate human biases within a society, including historical and current social inequality.

“Artificial intelligence can transform our lives for the better. But AI systems are only as good as the data fed into them.”

“Fundamental principles guiding ethical AI encompass transparency, the ability to provide explanations, fairness, non-discrimination, privacy, and the safeguarding of data,” says Lukoto.

According to Accenture, AI brings unprecedented opportunities to businesses, but also incredible responsibility. The consultancy firm notes that AI’s direct impact on people’s lives has raised considerable questions around AI ethics, data governance, trust and legality.

If not correctly implemented, AI can inadvertently lead to far reaching biases, Lukoto says. She explains that AI bias refers to the presence of systematic and unfair discrimination in the outcomes produced by AI systems.

“Bias can emerge from the data used to train these systems, the algorithms themselves, or a combination of both.

“Addressing AI bias is an ongoing challenge that requires careful consideration of data selection, algorithm design, and ongoing monitoring to ensure that AI systems are fair, transparent, and accountable,” she says.

An example of where AI showed bias was when Amazon implemented an automated recruitment system, which was intended to evaluate applicants based on their suitability for various roles. However, as it turned out, the system showed bias against women.

The AI platform learned the ability to assess the suitability of individuals for a particular role by analysing resumes from past candidates. Because women had previously been underrepresented in technical roles, the AI system thought that male applicants were consciously preferred. Amazon later ditched the tool in 2017.

In healthcare, the insufficient representation of women or minority groups in data can distort the outcomes of predictive AI algorithms. For instance, computer-aided diagnosis systems have demonstrated lower accuracy in results for black patients compared to white patients.

“Businesses cannot derive advantages from systems that yield skewed outcomes and contribute to distrust among individuals from diverse backgrounds, including people of colour, women, individuals with disabilities, the LGBTQ community, and other marginalised groups,” Lukoto states.

She urges that implementing ethical AI is an ongoing process that requires collaboration, vigilance, and a commitment to addressing potential ethical challenges throughout the AI lifecycle.

By integrating these strategies, organisations can develop and deploy AI systems that prioritise fairness, transparency, and accountability.

Implementing ethical AI involves a thoughtful and comprehensive approach throughout the entire development lifecycle.

Organisations must consider appointing an external AI ethics advisory board who can help them define the values of AI before implementation.

Establishing an AI ethics advisor is crucial for promoting responsible and ethical AI practices. By incorporating ethical considerations from the outset, organisations can contribute to the development of AI technologies that benefit society while minimising potential harms.

An AI ethical advisor is also key in promoting transparency in AI development and communicating openly about ethical considerations. This helps build trust with users and the wider community.

Organisations can also establish internal ethics committees or advisory boards to provide guidance on ethical considerations throughout AI projects.

Another consideration centres on comprehensive AI training within the organisation. Implementing ethical AI requires a combination of foundational knowledge, practical skills, and a commitment to ethical principles.

The training can delve into foundational ethical principles such as transparency, fairness, accountability, and privacy.

Training can also be useful to employees in helping them to recognise the potential biases in AI algorithms and their impact on different demographic groups; as well as providing strategies for identifying, measuring, and mitigating bias in AI systems.

Ethical implementation of AI also requires organisations to stay up to date with regulations governing the technology.

Adherence to AI regulations ensures that organisations operate within the bounds of the law. Failure to comply may result in legal consequences, fines, or other regulatory actions.

In South Africa, the Information Regulator is already having discussions to find ways to regulate AI as well as generative AI technologies such as ChatGPT.

In the US, the White House in October issued an Executive Order on safe, secure and trustworthy AI and a blueprint for an AI Bill of Rights.

The use of AI in the European Union (EU) will be regulated by the AI Act, which it says is the world’s first comprehensive AI law.

With all these laws coming, Lukoto says staying up to date with AI regulations is not only a legal requirement but also a strategic imperative for organisations. “It helps them build trust, avoid risks, foster responsible AI practices, and remain competitive in a rapidly evolving regulatory landscape.”

Lukoto concludes: “Avoiding AI bias and implementing AI ethically are essential for promoting fairness, trust, legal compliance, and positive societal impact. It is not only a moral imperative but also a strategic necessity for organisations aiming to build sustainable, responsible, and widely accepted AI solutions.”

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Beyond the Acronym: SaaS in the Real World https://techeconomy.ng/beyond-the-acronym-saas-in-the-real-world/ https://techeconomy.ng/beyond-the-acronym-saas-in-the-real-world/#comments Tue, 19 Mar 2024 13:51:44 +0000 https://techeconomy.ng/?p=127515 Renette Lombard writes about SaaS
Renette Lombard, Managing Executive for Mid Market at BCX unpacks the value of software as a service for the mid-market organisation.

In 2023, the software as a service (SaaS) market was estimated at $197 billion and is expected, according to Statista, to reach $232 billion by the end of 2024.

No longer a buzzword or the hype flavour of the month, SaaS has proven itself an invaluable solution for mid-market organisations looking for scale, cost-efficiency and flexibility.

From a company that’s managing a complex architecture with digital twins in manufacturing and building management, to a small insurance company, SaaS allows for organisations of all sizes to bypass traditional capital investment while still benefitting from next-generation technology.

SaaS provides hardware and software on a flexible subscription or consumption model leveraging the ubiquity of cloud.

It can be on-premises, hybrid, public, or multi-cloud in its implementation and integration, and the services on offer can range from software through to infrastructure through to everything as a service (XaaS).

Mid-market companies can benefit from the move away from a capital investment into a more flexible model that allows them to spend according to demand and gives them more control over costs, customisation and scale.

However, moving into the cloud can feel overwhelming if you don’t have the benefit of an in-house CIO or IT team. Smaller to medium organisations are often left wondering how you can maximise the value and benefits of cloud without having to wade through acres of tech complexity.

How you can benefit from the model without moving everything into the cloud. It can seem daunting amidst a sea of lingo, acronyms and constant change – the technology industry is perhaps the most innovative and rapidly evolving in history.

To mitigate this sense of overwhelm, you can gain the benefits of the cloud without having to undertake a comprehensive transition into that environment.

There is storage as a service, disaster recovery as a service, backup as a service – these variations are among the many that allow for mid-market companies to step into an as a service environment at your own pace.

You can adopt on demand, enjoying the benefits of the ongoing support, maintenance and management in bite-sized chunks that allow you to get a handle on the impact SaaS has on the business and your bottom line.

This also touches on two of the biggest benefits that emerge from the as a service model – reduced admin and next generation service delivery.

Your service provider is responsible for ensuring that the services you use are up to date and running smoothly.

They need the in-house skillsets capable of handling any issues that arise from technology failure or loss of service – you don’t. You can effectively remove your business from the expensive and time-consuming skills race without losing ground to the competition.

Ticking these boxes, plus ensuring that security is embedded, that flexibility comes standard, and allowing you to customise your as a service use cases according to your needs, means that you get all the benefits with very few of the stressors that traditionally come with implementing next-generation technology.

The bottom line is that your service provider can take any hardware – a laptop, a printer, a mobile device – and transform it into an information and technology hub capable of running a business from anywhere.

The initial CAPEX layout made by your organisation is then supported by the company that handles your as a service needs – they provide the skills, security and the maintenance; you sign a contract for a length of time that suits your risk factors and requirements.

Flexibility to this extent allows for mid-market companies to opt into a portfolio that gives them more control over their critical workloads and systems.

Whether you opt into using the cloud for backup and compute, or you mix your services up across on-premises or cloud-based solutions, you can deftly manage your critical applications and your expenditure.

The only question that really needs the perfect answer within the as a service context is the company you choose to work with. Your service provider must have the skills, the track record, the portfolio and the expertise to ensure your experience and your services align with your strategy and objectives.

This is the BCX journey, we offer you a trusted and proven partnership that allows you to explore the full potential of SaaS within your needs and without unnecessary risk.

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How Artificial Intelligence Influences Technological Innovation https://techeconomy.ng/how-artificial-intelligence-influences-technological-innovation/ https://techeconomy.ng/how-artificial-intelligence-influences-technological-innovation/#comments Wed, 13 Mar 2024 08:46:22 +0000 https://techeconomy.ng/?p=127112 With artificial intelligence (AI) becoming massively entrenched in everyday life, enterprises are using the emerging technology to foster innovation.

The age of AI has seen organisations and industries rethinking their business processes and the value of human resources.

AI acts as a catalyst for technological innovation, driving progress across various industries by enhancing efficiency, enabling new capabilities, and fostering creativity and problem-solving.

Its integration into research, development, and implementation processes fuels ongoing innovation in the technological landscape.

The innovative power immersed in AI has seen the technology attract significant investments. The International Data Corporation (IDC) predicts that by 2027, spending on generative AI solutions, which includes software, related infrastructure hardware, and IT/business services needed to implement the generative AI, will reach $143 billion.

At the just-ended CES event in Las Vegas, leading technology firms showcased huge investments, showing how AI is now embedded in everyday life.

AI finds widespread use in several industries through applications like machine learning, natural language processing, voice and image recognition, and robotic process automation. Its impact extends across sectors, optimising workflows, understanding customer behaviour, cutting expenses, enhancing decision-making abilities, and sparking transformative changes. From healthcare to finance manufacturing and more, AI is revolutionising key industries by driving change and innovation at a rapid pace.

Artificial Intelligence in healthcare:

AI is transforming healthcare in numerous ways, driving innovation and advancement across various facets of the industry.

As an example, AI-powered systems can analyse medical images, such as X-rays, MRIs, and CT scans, to assist healthcare professionals in detecting diseases and abnormalities more accurately and quickly than traditional methods.

For personalised medicine, AI algorithms analyse vast amounts of patient data to identify patterns and make predictions about an individual’s response to treatment. This helps in tailoring treatments to specific genetic make-ups and characteristics.

AI is also playing a key role in assisting surgeons by providing precision and accuracy in surgeries, enabling robots to perform procedures with increased efficiency and reduced risk.

Overall, AI’s ability to process large amounts of data, recognise patterns, and make predictions is revolutionising healthcare by improving accuracy, efficiency, and personalised care.

Artificial Intelligence in manufacturing:

AI is revolutionising manufacturing by enhancing efficiency, precision, and adaptability across various processes.

Innovative use of AI in the manufacturing sector is evident when it comes to predictive maintenance. AI-powered predictive analytics can anticipate equipment failures by analysing data from sensors and machinery. This allows for proactive maintenance, reducing downtime and preventing costly breakdowns.

From a quality control and defect detection point of view, AI systems use computer vision and machine learning to identify defects or anomalies in products during the manufacturing process. This ensures higher product quality and reduces waste.

Stefan Steffen, Executive: Data Insights and Intelligence, at BCX
Stefan Steffen, executive: Data Insights and Intelligence, at BCX

“In essence, AI’s ability to process and analyse vast amounts of data, make autonomous decisions, and learn from patterns is transforming manufacturing, making it more efficient, adaptable, and responsive to changing demands,” says Stefan Steffen, Executive: Data Insights and Intelligence, at BCX.

Artificial Intelligence in agriculture

AI is playing a crucial role in transforming agriculture by introducing innovative solutions to address various challenges in the industry. For instance, AI, combined with satellite imagery and sensors, enables precision agriculture.

Drone Technology, eTech, AgriTech and artificial intelligence
Drone technology

Farmers can optimise crop yields by analysing data on soil conditions, weather patterns, and crop health to make informed decisions about irrigation, fertilisation, and pesticide use.

Farmers are also making use of AI-powered drones and sensors to monitor crop health, detect diseases, and assess plant growth. This information allows them to take timely actions, such as adjusting irrigation or applying targeted treatments, to improve overall crop yield and quality.

AI algorithms can also analyse historical and real-time data to predict crop yields. This information helps farmers plan more effectively, optimise resource allocation, and make informed decisions on planting and harvesting timelines. “By harnessing the power of AI, agriculture is becoming more data-driven, efficient, and sustainable. These innovations are helping farmers overcome challenges and contribute to the development of a more resilient and productive global food system,” Steffen says.

AI in mining

Mining is also a key industry that is harnessing the power of AI to boost innovation, especially when it comes to enhancing efficiency, safety, and sustainability.

Nigeria's Mining Sector and artificial intelligence

For the mining sector, AI assists in analysing geological data to identify potential mining sites and estimate the quality and quantity of mineral resources. Machine learning algorithms can process large datasets, helping geologists make more informed decisions about exploration.

AI-enabled autonomous vehicles, including trucks, drills, and loaders, can hugely increase efficiency and safety in mining operations. These systems use sensors and algorithms to navigate and perform tasks without human intervention.

AI-driven robots are employed for tasks in hazardous environments, such as inspections, repairs, and rescue missions. This helps minimise risks to human workers in dangerous areas of mines.

Artificial Intelligence in retail

To stay competitive, the retail sector is also tapping into the power of AI. By deploying the technology, retailers can analyse customer data, including purchase history, preferences, and browsing behaviour, to provide personalised product recommendations.

Evolution in Technology Levels the Retail Playing Field 
Retail

This enhances the shopping experience, increases customer satisfaction, and boosts sales.

Another example is where AI-powered chatbots assist customers with inquiries, product recommendations, and order tracking. Virtual assistants enhance customer service, providing 24/7 support and freeing up human staff for more complex tasks.

“By leveraging these AI technologies, retailers can stay competitive, adapt to changing consumer expectations, and create more efficient and personalised shopping experiences, ultimately driving innovation within the retail industry,” Steffen says.

[Featured Image Credit]

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Navigating Business Complexity with Digital Innovation https://techeconomy.ng/navigating-business-complexity-with-digital-innovation/ https://techeconomy.ng/navigating-business-complexity-with-digital-innovation/#respond Fri, 01 Mar 2024 11:32:47 +0000 https://techeconomy.ng/?p=126342 As business leaders navigate the multifaceted challenges resonating across industries, the current climate presents a landscape of economic hardships, geopolitical uncertainties, and intricate political complexities.

These barriers pose formidable challenges, hindering the trajectory of business progress. However, within this labyrinth of challenges, an unparalleled opportunity appears for companies to pivot towards smarter and more innovative strategies to overcome these barriers.

At the heart of unlocking this innovation lies technology, particularly through competitive digital transformation solutions.

These solutions must be meticulously crafted to address the distinct pain points of businesses, delivering substantive value.

The core of this achievement lies in positioning the business at the forefront of technology decision-making and strategic planning.

This alignment ensures that digital solutions deeply resonate with tangible business needs. Genuine digital innovation and value cannot merely rely on hype; they must be rooted in trusted, seamless, and integrated solutions that authentically serve the business.

Fundamental to this strategy is the imperative for every company to place its clients at the epicentre of every decision.

This principle emphasizes BCX’s approach—a client-centric strategy designed to supply flexibility while tailoring solutions to meet unique customer requirements and industry-specific demands.

This approach fosters strategic discussions that underpin any company’s ambitions for digital transformation.

Innovation forms the cornerstone of these discussions. It is through innovation that solutions are becoming nimbler and more astute in navigating unforeseen challenges or market disruptions. Influences such as power disruptions, like load shedding, significantly affect a company’s profitability and operational capabilities.

Hence, technology must go beyond patching weaknesses; it must enable and empower. Innovation needs to be intricately woven into every solution, enabling them to address challenges without straining budgets.

Technology holds the potential to achieve these aims, and BCX stands as the ideal partner in this transformative journey.

Leveraging our extensive global network of partners and comprehensive ICT skill sets, we address prevailing client challenges by offering solutions in cloud computing, industrial power, and more. Our goal is to innovate and transform swiftly without compromising on quality or capability—a goal that BCX seamlessly delivers to companies across Africa.

As the business landscape continues to evolve and present complex challenges, the pathway to success and growth requires a strategic mixture of technology and innovation.

By embracing a client-centric approach and harnessing the power of innovative digital solutions, businesses can pivot, adapt, and thrive amidst ever-changing market dynamics.

BCX stands as a committed partner, propelling innovation, and transformation, ensuring that businesses are well-equipped to flourish in the digital era.

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Effectively Managing a Hybrid Cloud Environment https://techeconomy.ng/effectively-managing-a-hybrid-cloud-environment/ https://techeconomy.ng/effectively-managing-a-hybrid-cloud-environment/#respond Mon, 19 Feb 2024 10:36:25 +0000 https://techeconomy.ng/?p=125402 The adoption of hybrid cloud has emerged as the preferred strategic choice for organisations, driven by the imperative to strike a balance between the advantages of public cloud services and the imperative for control and security essential for on-premises infrastructure.

According to market research firm IDC, cloud adoption in South Africa is growing rapidly, with organisations in the country increasingly embracing hybrid cloud and multi-cloud.

Offering the best of both worlds, a hybrid cloud solution means an organisation uses a mix of on-premises, public cloud, and private cloud infrastructure, while multi-cloud refers to the way organisations use multiple cloud providers for more than one cloud deployment of the same type – for instance, if they use public clouds from two different vendors.

This means that certain data, applications, and services within an organisation may be hosted internally in a private cloud environment, while others are situated in a public cloud managed by a third-party provider.

Furthermore, certain data and applications may reside on physical servers located within the organisation’s premises.

In 2021, the global hybrid cloud market was valued at $85 billion, and it is expected to reach $262 billion in 2027.

With the rise of hybrid cloud adoption, organisations need to tread carefully in order to reap the desired benefits.

Managing hybrid cloud environments effectively requires careful planning, robust tools and processes, and a well-thought-out strategy.

This is mainly because while hybrid cloud environments offer many benefits, such as flexibility and scalability, they also come with their own set of challenges.

Security

Security and compliance are some of the major issues when it comes to hybrid cloud management. When applications are deployed across multiple cloud environments, they must establish connections to interact and exchange data.

Consequently, ensuring the security and encryption of traffic between these clouds is imperative.

Hybrid clouds also introduce additional security concerns.

Data and applications may be distributed across various environments, making it challenging to maintain consistent security controls and access policies. Compliance with industry regulations can also become more complex.

Creating an end-to-end secure connection between multiple cloud infrastructures becomes challenging, primarily when the networking models differ.

Oftentimes, the security features of each cloud offering focus on protecting their services and infrastructure.

Also, at times, organisations assume that their cloud service provider will take care of all facets of cloud security and believe that once the service is operational, there won’t be a necessity to further safeguard their cloud environment.

Cloud security is a shared responsibility between all the parties involved and organisations must be cognisant of the fact that securing a hybrid cloud environment is essential to protect data, applications, and resources distributed across both on-premises and public cloud platforms.

“Remember that security is an ongoing process, and it’s important to adapt your security measures as your hybrid cloud environment evolves and as new threats emerge. Remember to regularly review and update your security strategy to address changing needs and risks,” comments, Dr Karen Luyt, Expert Solution Architect at BCX.

Data and Resource Integration

Managing a hybrid environment can be complex due to the need to integrate and coordinate resources across on-premises infrastructure and multiple cloud providers.

Data integration is a hiccup organisations face in a hybrid cloud environment. Ensuring seamless data integration and consistency between on-premises and cloud environments can be challenging.

This is primarily because data may need to be transferred, transformed, and synchronised between different locations, which can introduce latency and potential data inconsistencies.

This integration is essential for achieving seamless data access, sharing, and analysis in a hybrid cloud setup.

Cost Management

Additionally, cost management can be challenging in hybrid cloud environments, as it is important to track and optimise expenses across multiple platforms and providers. Without proper monitoring and governance, costs can quickly escalate.

“Cost management in a hybrid cloud environment is crucial to optimise spending while maintaining the benefits of both on-premises and cloud infrastructure,” Luyt adds.

“Effective cost management in a hybrid cloud environment requires a combination of tools, policies, and best practices applied through coded algorithms. Regularly review and adjust your cloud environments to ensure you are optimising your costs while meeting your organisation’s performance and scalability requirements.”

Skills

Managing a hybrid cloud environment often requires a mix of skills in cloud technologies, on-premises infrastructure, and hybrid cloud management tools. Finding and retaining staff with the necessary expertise can be challenging for organisations.

“Overall, skills are the foundation for successfully managing a hybrid cloud environment. They enable organisations to harness the benefits of both on-premises and cloud infrastructure while effectively addressing the unique challenges and complexities that hybrid environments present,” she notes.

In Closing

“Effectively managing a hybrid cloud environment offers organisations the agility, scalability, cost control, and security needed to meet modern IT challenges while leveraging the strengths of both on-premises and cloud resources,” concludes Luyt.

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Why Sustainability is Crucial for the Modern Business https://techeconomy.ng/why-sustainability-is-crucial-for-the-modern-business/ https://techeconomy.ng/why-sustainability-is-crucial-for-the-modern-business/#respond Mon, 05 Feb 2024 05:00:26 +0000 https://techeconomy.ng/?p=124242 Embracing sustainability has not only a moral imperative but has become a strategic business decision for the modern business.

While sustainability can lead to positive impacts on the environment, society, and a company’s bottom line, it is also vital in enhancing an organisation’s reputation and competitiveness in an increasingly sustainability-conscious world.

According to the World Economic Forum, companies that invest in sustainability generally find that improved resilience, better operational performance, and business success follow.

Thus, it is vitally important for modern businesses to be sustainable as they also embark on their digital transformation journeys.

This is mainly because, increasingly, there is pressure from different stakeholders for companies to embrace sustainable practices, as the world of business undergoes radical changes.

As an example, in this digital age, tech-savvy, consumers are increasingly making purchasing decisions based on a company’s sustainability practices.

Thus, a positive reputation for sustainability can enhance a brand’s image and lead to increased customer loyalty and market share.

Additionally, many governments and organisations are now requiring sustainability certifications or compliance with environmental standards for market access. This means by prioritising sustainability, businesses can access new markets and maintain existing ones.

Also, many investors are incorporating environmental, social, and governance (ESG) criteria into their decision-making processes, which results in businesses with strong sustainability practices usually having better access to capital and a lower cost of capital.

Sustainability practices help ensure the long-term viability and success of a business. By reducing resource consumption, minimising waste, and managing environmental impact, businesses can lower operational costs and maintain profitability in the face of resource scarcity and regulatory changes.

Cheryl-Jane Kujenga, chief financial officer at BCX, points out that as the world continues to address pressing environmental and social challenges, integrating sustainability into business operations is increasingly becoming a necessity rather than an option.

“BCX is committed to doing business in a manner that ensures long-term sustainability for the benefit of South Africa’s many cultures and communities, as well as our stakeholders. For us, sustainability is a continuous journey and requires a multidisciplinary approach,” says Kujenga.

By adopting sustainable practices, organisations can also mitigate risks associated with environmental and social issues. For Kujenga, companies that fail to address sustainability concerns may face reputational damage, legal liabilities, and supply chain disruptions due to environmental disasters, social conflicts, or changing regulations.

Amid the rise of sustainable businesses, digital transformation also supports businesses in making sustainable investment decisions, and building and developing ESG data sets methodically.

Digital transformation and sustainability are interlinked in numerous ways. Digital technologies provide the tools and data needed to monitor, analyse, and improve sustainability efforts across various aspects of a business, from energy efficiency to supply chain management.

Moreover, sustainability goals often drive innovation in digital technologies, making them more environmentally friendly and resource-efficient.

Kujenga points out that digital transformation enables companies to collect and analyse large volumes of data from various sources, including sensors, Internet of Things (IoT) devices, and customer interactions.

“This data can provide valuable insights into resource consumption, emissions, and other sustainability-related metrics. Including, advanced analytics tools can help identify areas where efficiency improvements can be made, reducing waste and resource consumption,” adds Kujenga.

Another area where digital technologies come in handy regarding sustainability is energy efficiency. This is quite significant, especially in South Africa, a country facing acute energy shortages.

With no end in sight for load-shedding woes in South Africa, Kujenga is of the view that digital transformation can facilitate the integration of renewable energy sources, such as solar and wind power, into a company’s energy mix.

Digital tools can help companies stay informed about evolving environmental regulations and ensure compliance.

This is mainly because automated reporting systems can streamline the process of tracking and reporting on sustainability metrics.

“In summary, digital transformation empowers companies to gather and leverage data, automate processes, and optimise operations in ways that support sustainability goals. By harnessing the power of technology, companies can reduce their environmental footprint, improve resource efficiency, and contribute to a more sustainable future,” Kujenga concludes.

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