In our current digital age, insights into AI applications like machine learning can help businesses deliver ‘big value’ from their data. With this innovation, are South African businesses optimising their data resources, asks FRANS CRONJE.
In our current digital age, insights into Artificial Intelligence (AI) applications like machine learning can help businesses target the right customers and deliver ‘big value’ from their data. With this innovation at our fingertips the question arises, are South African businesses optimising their data resources?
It is important to consider why companies started collecting data.
Historically, data has been collected to report back upon either for legal requirements such as fulfilling Audit requirements, or for their own internal monitoring purposes. This legacy still influences many companies in what data they collect and how they store it. The result is that much of the data held by companies is not ready for predictive modelling and machine learning.
Subsequently, it should not be surprising that much of the innovation in predictive analytics and machine learning is driven from younger companies that were built when cell phones, laptops and easy access to the internet were commonplace.
An important consideration when it comes to data is the wide range of opportunities it enables, particularly for service-related industries which can use it to identify consumer preferences and, in turn, help in detecting where products or services can be improved. Almost every industry can benefit from compiling and building data from the education, transportation and consumer products sectors, to businesses in electricity, oil and gas, healthcare and consumer finance like banking and insurance.
Ultimately, instead of relying on intuition, companies who handle their data correctly can embrace predictive decision-making approaches, which – when coupled with automation – can provide cost savings as well as profit gains.
So how can businesses get the most out of their data? Considering data from the predictive point of view can help businesses realise how to improve their data management. When taking this perspective, it is easy to identify the veracity of system log data is really valuable or overwriting data to provide a current snapshot of the data can mean the data is no longer valuable for predictive modelling.
The problem and solution should take the company’s unique environment and challenges into account. How fast does a result need to be returned, where does the data arrive from and at what frequency?
We prefer co-location modes of consulting with our clients which helps us understand each client’s domain and allows us to create a solution that can be delivered relatively quickly through a small team.
In terms of whether or not such capabilities can – or should – be out-sourced or developed internally, many organisations simply do not have the internal skills to implement machine learning applications. However, there have been developments locally to address this gap.
DataProphet is one of several collaborators involved in the design of the Postgraduate Diploma in Data Analytics and Business Intelligence which will be offered by the Faculty of Economic and Management Sciences at the University of the Western Cape from January 2017.
- Frans Cronje, Managing Director for DataProphet.
Password managers don’t protect you from hackers
Using a password manager to protect yourself online? Research reveals serious weaknesses…
Top password manager products have fundamental flaws that expose the data they are designed to protect, rendering them no more secure than saving passwords in a text file, according to a new study by researchers at Independent Security Evaluators (ISE).
“100 percent of the products that ISE analyzed failed to provide the security to safeguard a user’s passwords as advertised,” says ISE CEO Stephen Bono. “Although password managers provide some utility for storing login/passwords and limit password reuse, these applications are a vulnerable target for the mass collection of this data through malicious hacking campaigns.”
In the new report titled “Under the Hood of Secrets Management,” ISE researchers revealed serious weaknesses with top password managers: 1Password, Dashlane, KeePass and LastPass. ISE examined the underlying functionality of these products on Windows 10 to understand how users’ secrets are stored even when the password manager is locked. More than 60 million individuals 93,000 businesses worldwide rely on password managers. Click here for a copy of the report.
Password managers are marketed as a solution to eliminate the security risks of storing passwords or secrets for applications and browsers in plain text documents. Having previously examined these and other password managers, ISE researchers expected an improved level of security standards preventing malicious credential extraction. Instead ISE found just the opposite.
Click here to read the findings from the report.
MWC: Next generation of inflight connectivity to be unveiled
Next week at Mobile World Congress, the Seamless Air Alliance will reveal progress on its mission towards enabling the next generation of inflight connectivity. This follows a significant start for the Alliance, which has seen membership increase five-fold since the first meeting in June of last year. The Alliance has a new research laboratory setup and continues progress through its three working groups, writing specifications for the technology, requirements, and operations.
These developments represent a huge leap towards the goal of making connectivity as easy and enjoyable in the skies as it is on the ground. Appearing as part of the Airbus stand (Hall 6, stand 6G34), the Seamless Air Alliance will reveal specification topics that have been completed and published to its membership.
“The passenger experience with inflight connectivity remains one of the great technology challenges. From Day One we have been determined to deliver on our mission to bring industries and technologies together to make the inflight internet experience simple to access and a delight to use,” said the Alliance’s Chief Executive Officer, Jack Mandala.
“I have been tremendously encouraged by the enthusiastic and committed response we have seen and the widening areas of expertise we can call upon as more and more companies and organisations continue to join us,” he added.
Announced during MWC 2018, the Seamless Air Alliance has since grown to twenty-three membercompanies with more than one-hundred key personnel from across the membership participating in its three working groups, with numbers continuing to increase.
The Seamless Air Alliance was created by founding members Airbus, Airtel, Delta Air Lines, OneWeb and Sprint, and quickly joined by Air France KLM, Aeromexico, and GOL Linhas Aereas Inteligentes and global technology leaders including Astronics, Collins Aerospace, Comtech, Cyient, iDirect, Inmarsat, Intelsat, Latecoere, Nokia, and Panasonic.
Today, the Alliance is pleased to announce five additional new members: Adaptive Channel, Etihad Airways, GlobalReach Technology, Safran, and SITAONAIR.
“We are extremely pleased to have these companies join and be a part of the companies driving the next generation of connectivity.” said Mr Mandala.
The Seamless Air Alliance will enable travelers boarding any flight, on any airline, anywhere in the world, to use their own devices to automatically connect to the Internet with no complicated login process nor paywall to scramble over.
The Alliance is also announcing the release of a new research study on the economic benefit of standardization on the inflight connectivity market at Mobile World Congress. This report is available for download at https://www.seamlessalliance.com/publications/
The Alliance is moving rapidly towards an expected demonstration of the technology later in 2019 and anticipates massive interest in Barcelona from the whole communications eco-system.