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98% Data Scientists Believe Artificial Intelligence Has a Future in Ibadan

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As cities in Nigeria continue witnessing growth in data science learning and data usage, the preliminary results of our study on Ibadan have indicated that the city remains one of the cities in the South-West region that would continue to witness massive development in learning and use of data to solve numerous socioeconomic and political problems.

This is gleaned from the view of 98% emerging data scientists out of 51 sampled by our team for the forthcoming report titled Ibadan Data Economy and Emerging Data Scientists. Out of this percent, 56.9% held strong conviction that data science is pervading business and public affairs in the city, 51% held strong conviction that professional level course should be flexible and responsive, while 45.1% held strong conviction that data science academic courses/training may need to be industry-approved and accredited.

Exhibit 1: Sectors Data Scientists Have Worked

Source: Ibadan Data Economy and Emerging Data Scientists Survey, 2019; Infoprations Analysis, 2020

Our analysis also reveals that 76.5% agreed that coordination is needed between and universities. The sampled data scientists have worked in various sectors within and outside the city. Over 39% have worked in education sector, 13.7% in banking sector, 11.8% in agriculture sector, 7.8% in health sector, 5.9% in insurance, and oil and gas sectors respectively. Over 25% have gained foundational and advanced knowledge and skills, accessed a wide range of data on socioeconomic and political issues in the state and in Nigeria in general.

They have equally participated in local and international data science competitions. More than 23% have acquired foundational knowledge and skills, 9.8% have had foundational knowledge and skills including advanced professional skills. Further details of the study will be released in a report expected to be fore-worded by a seasoned professional in data economy and artificial intelligence, our analyst notes.

 

My Conversation with Former U.S. Vice President Al Gore

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I received a question yesterday in the Board which I’d also asked former U.S. Vice President Al Gore in a breakfast years ago: how do you get foreign companies to obey Nigerian laws just as they obey American laws? I had challenged Mr. Al Gore that his climate campaign was unbalanced with the rascality in the Nigerian delta where some foreign oil companies pollute, and do things they can never do in America.

Al apologized and dropped a line: unless Nigeria fixes its laws and enforcement, companies will always look for the weakest links! Yes, at the end, you sleep on your bed, the way you make it. Oil majors will not help you fix your nation; it is your responsibility to get them to order.

 

I Spoke With Former U.S. Vice President Al Gore

 

Covid -19: Protect Yourself With Science-Backed Information

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Our portfolio company, Curis AI Inc, San Francisco, USA led by Dr. Jerry Abrahamson has produced a 56-page handbook on Covid-19. Curis works with clients (law enforcement, military, clinics, etc) to support their patients’ healthcare needs via proprietary AR/VR devices  loaded with exclusive contents. They are serving clients around the United States and beyond, on this virus emergency, guiding them via AR/VR on coronavirus health concerns. Read the document (pdf) our team has produced on this healthcare challenge.

Digitizing African languages -The Business Chain Reactions

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This is what you should do when you discover a gold mine. He did something strategic when he found a goldmine. There is a certain man that discovered a goldmine in 1994, when he discovered this gold mine he did certain things that are worthy of emulation.

Should I tell you what he did now or later in the article. Let me start at the beginning and finish it at the end of the article. The first thing the man did was that he did not tell anyone that he had discovered a gold mine. He hid it from everybody. He then resigned from the organization where he was working so he could give full attention to the exploration of the gold mine.

He isolated himself in order to explore the wealthy opportunity of the goldmine. The man succeeded and became the wealthiest man in his time. Who is this man? You are free to guess, I will answer at the end of this article.

Gold mine is simply an opportunity for wealth creation. The digitization of African languages is a goldmine to those that can see with the lenses of an entrepreneur. A gold mine that needs to be explored, because until you explore a goldmine it will remain non-beneficial to anybody.

 This article will wear you the lenses of an entrepreneur to see the goldmine in digitization of African languages.

 The Business Chain Reaction in Digitizing African languages.

According to UNESCO about 43% of the world’s 6000 languages are now considered endangered. African languages are facing the chances of extinction in the future. That means the less people speak and use these languages, the more likely they will be forgotten and become obsolete.

The population of Africa according to the World Bank stands at 1.2 Billion.  The countries in Africa are assumed at the international level to speak either English, French, Portuguese. The reality is that many African do speak these languages and many don’t know how to speak these languages except their mother languages.   

According to Strive Masiyiwa “assuming 70% speak the international languages and 30% do not speak, that means we have an estimate of 360 million people that can not speak these foreign languages. This is an opportunity when we digitize our Africa mother languages.

These will be the business chain reactions that will be generated from digitizing the African mother languages;

  1. New Market for Smartphones:

Imagine the smartphone can operate and can be operated in African languages such as Yoruba, Shona, Hausa, Igbo, Swahili, Zulu etc. There are people that are currently in Africa who don’t use smartphones because they don’t understand the language these devices speak. If African languages are digitized, it means these people will be able to buy and operate smartphones. This opens up a new market for this digital device and many other technological devices. Marketing smartphones to the 360m excluded African population will definitely increase the revenue of the phone industry.

  1. New Market for Digital Products:

Digital products are the products designed to be used alongside smartphone technologies. These are software products in the form of websites, platforms and mobile applications that are tailored to create certain values for the smartphone market target.

Some of the examples are, Sasai App, Vetifly App, Uber app, Vaya App, Cleancity App, 3S Rules website, Facebook App, Twitter App, Airbnb App, Pollstaker, Codecitty website etc.

 When contents of these platforms are translated into African languages and digitised, there will be new demands for these digital products.

  1. Bridging the Digital Divides:

One of the ways to bridge the African digital divide is through the digitization of African languages and contents. When digital devices speak our local languages those that can not speak foreign languages will be encouraged to buy these devices. As more people buy these devices and access the internet ,the digital divide is being bridge in that way.

As Nelson Mandela said “If you talk to a man in the language he understands, that goes to his head. If you talk to him in his mother language that goes to his heart.“ When digital devices start operating in African languages, it will be a sure marketing strategy to sell to this new markets.

  1. Data Mining Opportunities:

 One of the monetisation opportunities of the digital age is data mining. He that has the data has the wealth. A country that has the data, has the economic power in the digital age. A company that controls a lot of data will grow rapidly in revenue. Some of the examples are;

a. Google LLC: through google search, millions of people search for one information or the other on a daily basis. Google utilise these searches as data for keyword targeted ads. According to Statista Google 2019 revenue was $113.26b which is the highest contributor to Alphabet business.

b. Facebook. Through the social activities of billions of people on facebook. Facebook analyses such data and provides targeted ads for businesses. This is their major revenue model. According to Macrotrend Facebook’s 2019 revenue was $70.7b.

 So, the digitization of African languages will come with great data mining opportunity that will lead to creation of new products based on the data and other forms of monetization opportunities.

Let us continue the story we started in the beginning. The person who discovered the gold mine is Jeff bezos. That discovery gave birth to Amazon and the company’s market capitalization is $1trn.

 The African languages and contents may go into extinction if African entrepreneurs don’t rise and digitize them.

 It is time to hear from you. What other opportunities do you think digitizing African languages and contents will create? Comment below.

 Do not forget to subscribe to our newsletter so you can receive our weekly articles sent to your inbox. Also download the 3S Rules free sample, it will trigger you to discover a gold mine.

COVID-19 in Nigeria: The Story So Far

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On Friday, the status of Nigeria as a country free from coronavirus changed as one person was confirmed positive in Lagos. An Italian who works in Nigeria, got into the country via Turkish Airline on the 25th of February, he suddenly fell ill while in Ogun State. He was taken to a hospital where diagnosis confirmed him positive, and that was the beginning of the Nigerian story in the list of countries battling to contain the deadly virus.

As expected, the development has thrown the public into fear and panic, and there is a load of misinformation to keep it going. The Nigerian Center for Disease Control (NCDC) has issued a statement urging the public to remain calm as the situation is being contained.

“The Government of Nigeria, through the Federal Ministry of Health has been strengthening measures to ensure an outbreak in Nigeria is controlled and contained quickly.

“The multi-sectoral Coronavirus preparedness Group led by the Nigeria Center for Disease Control (NCDC) has immediately activated its national Emergency Operations Center and will work closely with Lagos State Health authorities to respond to this case and implement firm control measures.

“We wish to assure all Nigerians that we will be beefing up our preparedness capabilities since the first confirmation of cases in China, and we will use all the resources made available by the government to respond to this case,” statement from NCDC said on Friday.

This assurance is meant to bring calm among Lagosians and Nigerians in general, if not for the fact that the infected person has made contact with several other people in Lagos and Ogun States, who cannot be accounted for. Though the NCDC said his activities since he came into Lagos are being tracked, and probably, it is going to lead to people who have had contact with him, there is no doubt that the virus is already spreading.

A report by Sahara Reporters said the Italian went to the Lafarge Factory at Ewekoro Ogun State, and made contacts with so many people before it became obvious he needed medical attention. He was taken to the Lafarge clinic where medical personnel attended to him without protective gear.

To confirm the fear being entertained by many, the Italian was driven to Lagos using an ambulance belonging to a clinic in Shagamu, which is not designated for coronavirus emergencies. Moreover, the driver was wearing no protective gear when he drove the patient to Lagos, and he was not given medical checks to ascertain his status. So he went back the way he came.

Though the report said the Lafarge clinic has been shut down and many of those (about 28 persons) who came in contact with the Italian (including the ambulance driver) have been quarantined, they all have made contacts with others as well. An eyewitness said that on the day of the event, “they were all allowed to go home.”

A Twitter user claimed he came in contact with the Italian, he tweeted that he picked him from the Murtala Mohammed Airport Lagos and spent enough time with him to be concerned about being infected.

https://twitter.com/boldjohnson07/status/1233317328558923776?s=19

In his next tweet, he confirmed that he has tested positive.

The Impact so far

As the stories emerge, they come with panic reactions that are capable of disrupting economic activities in the state. Already, COVID-19 has left terrible economic prints everywhere it has passed around the world. Over $5 trillion has been wiped off markets, and stocks are still counting losses. The European stock markets today recorded further losses as stocks keep plunging to dismal levels. Germany’s DAX failed by over 4%, France’s CAC 40 by 3.8%, the UK’s FTSE 100 went down by 3.5% and Spain’s IBEX 35 was down by 4%.

In Lagos, at the break of the news people were thrown into panic buying medical supplies. Sanitizer went from N2,200 to N3,200, and many of the supermarkets are reportedly running out of supplies. This is certainly going to affect how people move, interact, or engage in all businesses in the state. And the economic effect is going to be much.

It is of concern because it is happening at a time when the oil sector is suffering a severe downturn as a result of the scourge. And the non-oil sector is showing an increase according to the Q4 2019 report. So if it is not curtailed quickly, many of the businesses in the non-oil sector are going dwindle as people would likely keep to themselves.

In this state of chaos, the government has been urged to be pragmatic in order to put the people to calm. The former vice president Atiku Abubakar has urged the federal government to apply the same method that Nigeria used in 2014 to defeat Ebola in their approach. He also counseled the government to stop flights from infected countries.

“We must call upon our experience with the Wild Ebola Virus, of which we were the first nation in the world to defeat that scourge in 2014. How did Nigeria do it? We achieved it by showing unprecedented unity…

“Nigeria needs firm and decisive actions to prevent an escalation of the scourge. Recently, we closed our borders as an act against economic sabotage. Perhaps now is the time to temporarily halt flights to and from any nation with a prevalence of this scourge,” he said.

Coronavirus is spreading at such a rate that it seems like a death sentence, so far, there has been over 82,594 reported cases globally, there has also been 36, 571 recoveries.

The general public has been urged to keep a hygienic attitude and look out for the symptoms which basically are; cough, sneezing, fever, breathlessness, rigors and chest pain.