While businesses are racing to implement Artificial Intelligence (AI), many overlook a critical factor in success: the quality and structure of the data feeding these models. The reality is that a model is only as good as the data it is trained on. This is according to Julian Thomas, Principal Consultant at PBT Group. “If…
The global insurance industry faces a $1.8 trillion protection gap – the difference between insured and uninsured losses across health, life, crop and catastrophe coverage. In Africa, this divide is even more pronounced. Insurance penetration remains below 3% of GDP across the continent, and most Africans have little to no coverage in the event of disaster, illness…
By Bryan Hamman, Regional Director for Africa at NETSCOUT Insurance clients today are more likely to consider a provider if it consistently offers seamless quotes, efficient claims processing, ongoing customer support and targeted communications. To meet these demands, insurance companies must safely make use of data and new technologies, or risk being left behind by their…
Data will play an invaluable role in helping public and private sector stakeholders across Africa identify ways to increase access to water for all while managing this commodity. This comes at a time when National Water Week in South Africa (20 – 26 March) and World Water Day (22 March) will highlight the importance of water management and conservation…
Today, the energy industry works against enormous technical challenges to maintain safe and profitable operations. Energy companies also face familiar cost, performance, and efficiency imperatives as well as unprecedented social, political, and regulatory demands for sustainability. All these factors combine to create a fairly volatile market. The possibilities of untapped data Can big data transform…
We live in a world that runs on data. From the shows we stream, to the emails we send, to the groceries we buy—everything leaves a trail of information. But when most people hear the word “data,” they still think of complex numbers, big tech companies, or some confusing spreadsheets. The truth is, you already…
The latest edition of Kaspersky’s annual IT Security Economics report reveals the growing severity of cybersecurity incidents affecting businesses through suppliers that they share data with. The average financial impact of such an event for an enterprise reached $1.4 million in 2021 which makes it the costliest type of incident worldwide, while the same type of attack…
Written by Luis Monzon Data has undoubtedly permeated every aspect of our modern life, from what we buy to the news we consume to fundamental truths we believe; data has become the bedrock of the modern decision-making process. The data analytics landscape has evolved drastically over the past five years, with Big Data and IoT…
Data: The next great resource Forget oil, gas, or rare-earth elements. In the coming years, data is set to become the world’s most valuable resource. Advances in technology, from robotics to artificial intelligence, are transforming industries across the world. Industry 4.0 is the next phase in digitalization. It is driven by a sharp rise in…