According to Deloitte Analytics, data-driven decision-making and performance is the next wave of the digital revolution that companies need to prepare for to enjoy the opportunities on offer.|According to Deloitte Analytics, data-driven decision-making and performance is the next wave of the digital revolution that companies need to prepare for to enjoy the opportunities on offer.
“Companies need to get smarter with how they harness the immense benefits of these changes, or be left behind by those that do. And with the jobs crisis causing such profound problems in our society today, businesses can harness the efficiencies data analytics provides to generate new jobs by innovating to grow faster,” says Wesley Govender, Director, Risk Advisory from Deloitte.
In its recently issued report, Magic Quadrant for Business Analytics Services, Worldwide, Gartner defines Business Analytics (BA) as services that “encompass decision management capabilities, analytics capabilities, and information management (IM) capabilities.
“This field continues to grow, moving squarely into the mainstream of business decision-making worldwide. Data is everywhere around us and analytics should be everywhere too—in every corner of the business, every day. It should not be a special initiative, or a ‘department’, but an ongoing part of how decisions large and small are made every day,” says Mr Govender.
However, the missing link in the chain is education and insight that matters and is at the cutting edge.
To help plug these gaps, and to provide the corporate world with the tools to bring about true data-driven change, Deloitte School of Analytics begins hosting a series of in-depth training seminars with international partners in South Africa in February next year.
“We want to see companies innovate and grow faster – but we are also the first to know that this cannot happen without regular and constant training and insights into current best practice. Our programmes are therefore designed so that the best international expertise in this field can be brought in to boardrooms in SA and on the continent, as it were, and the process of learning and implementation can truly begin,” says Mr Govender.
Deloitte was recently named a global leader in Business Analytics Services by Gartner and it aims to ramp up even further the assistance it provides to clients in solving a wide variety of data related problems and define strategies for them to better manage, interpret and monetise their data assets.
Analytics innovators continue to push the edge, looking for new ways to gain advantage over slower-moving competitors.
“ In some cases, that advantage comes through sweeping discoveries that can upend entire business models. In other cases, more modest insights may emerge that unleash cascading value,” says Mr Govender.
“The disruptive effects of these changes on business models are significant. However, this change creates opportunities quickly – one of which is an ability to expand and create jobs for people with the right skills sets. To us, this is extremely exciting when you consider youth unemployment in SA is at 51% according to recent world development indicators,” he says.
Exponential growth in the areas of mobile data generation, real-time connectivity and digital business has made the job of protecting these assets and securing the gates in a “big data” world an altogether different–and more challenging undertaking.
“Due to the increase in regulator involvement from a privacy perspective, it is best to have more efficient use of data, rather than more data,” says Mr Govender.
According to Deloitte, companies need to constantly ensure they are a step ahead of the changes, which continue to come at a very fast pace. Questions that need to be answered, and which the Deloitte seminar series hopes to answer, include the most efficient way to make long-term technology investments and the best ways to protect sensitive data on networks.
“Unexpected ways to understand a business or client’s needs can emerge by using rich data analysis, often to information that has been sitting idle for more than two decades. Near real-time insights can be highly beneficial – it is not about simply counting customer numbers or transactions anymore. Simply put, big data analysis pays off,” concludes Mr Govender.
AppDate: Reserve Bank to choose fintech winner
This week, SEAN BACHER highlights the Global Fintech Hackcelerator, Fortnite’s skin for the Samsung Galaxy Note 10, Standard Bank and iiDENTIFii’s partnership, WRAPP and Zulzi’s latest expansion.
SARB to choose Global Fintech Hackcelerator winner
The South African Reserve Bank will host a Fintech Demo Day on 29 October 2019 to select two winners from 12 innovative and sustainable fintech solutions shortlisted for the Global Fintech Hackcelerator @ Southern Africa.
In August, SARB joined forces with KPMG Matchi to run the 2019 Global Fintech Hackcelerator @ Southern Africa, an acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to complex financial challenges in the Southern African region. Fintech firms from all over the world were invited to submit an application in response to problem statements constructed in collaboration with SARB.
The regional hackcelerator received 95 entries from interested fintech firms located across the globe. The 12 shortlisted respondents will showcase their solutions at the Fintech Demo Day at the end of this month in Johannesburg.
Each Global Fintech Hackcelerator @ Southern Africa 2019 winner will receive the following:
- A stipend towards travel expenses to attend the 2019 Singapore Fintech Festival
- An opportunity to pitch their solution live during the Hackcelerator Demo Day at the 2019 Singapore Fintech Festival and engage with industry experts
- Funding to develop a contextualised proof of concept, to be deployed within a year from the demo day
- An opportunity to work with high-value corporates to contextualise a solution to their needs, while obtaining market entry into the Singapore and Asia-Pacific region.
The top three winners at the Singapore Fintech Festival will each receive a cash prize.
For more information on the Global Fintech Hackcelerator click here.
Click here to read about a Fortnite exclusive for Samsung Galaxy Note 10 users, and Standard Bank’s new way of identifying its customers.
PC market grows again
Worldwide shipments of traditional PCs, comprised of desktops, notebooks, and workstations, reached 70.4 million units in the third quarter of 2019 (3Q19), according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. Demand in the commercial segment combined with trade tensions between the United States and China to drive the market forward, resulting in a second consecutive quarter of growth with shipments increasing by 3% over the third quarter of 2018.
Jitesh Ubrani, research manager for IDC’s Mobile Device Trackers, says: “With higher tariffs on the horizon PC makers once again began to push additional inventory during the quarter though the process was a bit more difficult as many faced supply constraints from Intel, leaving AMD with more room to grow. The trade tensions are also leading to changes in the supply chain as most notebook manufacturers are now prepared to move production to other countries in Asia, such as Taiwan and Vietnam.”
“Commercial demand should accelerate as enterprises work through the remainder of their Windows 10 migration,” says Linn Huang, research vice president, Devices & Displays. “The number of months until the end of service (EOS) date of Windows 7 can be counted on one hand. With January 14, 2020 drawing nigh, the commercial market should be able to digest the extra inventory over the next several quarters. Supply constraints may loom in subsequent quarters, so excess may not be a bad position for channel inventory through the remainder of the year.”
Traditional PC shipments in Asia/Pacific (excluding Japan) posted a year-over-year decline but the market performed above expectations. Back-to-school demand drove the consumer market in China, while online sales and preparations for the Diwali festive season supported consumer shipments in India, as two of the largest countries in the region surpassed the previous forecast. Meanwhile, the commercial market in China recorded a decline in line with expectations, impacted by macroeconomic pressures.
Coming in slightly above forecast, the Canadian traditional PC market delivered its 13th consecutive quarter of growth. The market is becoming increasingly solidified as the top 5 vendors now capture more than 85% of all shipments.
In Europe, Middle East and Africa (EMEA), the traditional PC market achieved stable growth in 3Q19 with both desktops and notebooks performing relatively well. A strong pipeline of deals ahead of the ongoing Windows 10 transition continued to translate into commercial strength, offsetting the softness in the consumer market and the overall negative impact of the component shortage.
In Japan, both the commercial and consumer markets largely outperformed forecast, driven by Windows 10 migration and the consumption tax increase respectively. Commercial shipments established a new third quarter record beating the mark set in 2013 when Windows XP EOS created similar momentum in the commercial PC market.
The traditional PC market in Latin America was very much in line with previous expectations of a 4.1% year-over-year decline. During this period desktop shipments were better than expected mainly due to the large enterprise segment and verticals such as banking, retail, and manufacturing. Notebook shipments also declined during the quarter due to a weak consumer market and delays in some education deals.
The United States saw low single-digit growth in the third quarter with both desktop and notebooks seeing continued year-over-year growth. Inventory pull-in continued to be supported by Windows 7 EOS and continued tensions in the trade war. As most List 4 tariffs have been delayed until the end of the year, inventory pull-in overall was slightly weaker compared to the previous quarter. According to a recent survey among IT decision makers in the USA, more than 60% of businesses have transitioned their Windows-deployed PCs from Windows 7 to Windows 10. Another 13% plan to do so by the Windows EOS date in January 2020.