Data is the new Oil! Data is an essential resource that powers the information economy just as oil has fueled the industrial economy. Enormous quantities of data are generated every single day by companies doing business on the internet. Even traditional brick-and-mortar businesses collect tremendous amounts of information from their customers in order to extract value from analyzing the trends that make or break their businesses.[1]

What is Big Data? Big Data are extremely large information sets that may be analysed computationally to reveal patterns, trends, and associations, especially relating to human behaviour and interactions. This is largely due to the rise of computers, the Internet and technology capable of capturing data from the world we live in. Nowadays, almost every action we take leaves a digital trail. We generate data whenever we go online, when we carry our GPS-equipped smartphones, when we shop online etc. These information can be anything from a name, an address, a photo, an email address, bank details, posts on social networking websites, medical information etc.

A World Economic Forum report shows that 15 billion devices will be connected to the internet by 2015 and 50 billion by 2020. The amount of data stored on the internet is predicted to grow exponentially and looks set to be 44 times larger in 2020 than it was in 2009.[2] Once upon a time, the wealthiest were those with most natural resources, now, we live in a knowledge economy, where the more you know is proportional to the more data you have access to.

According to Forbes Technology Council, if you burned all of the data created in just one day onto DVDs, you could stack them on top of each other and reach the moon – twice.[3] Professor William Edwards Deming, the great American engineer sums this quest up when he said, “In God we trust; all others must bring data.” Therefore, data is to the digital economy what oil is to the industrial economy.

Government, retailers and multinational corporations are now able to access more data today than ever before. Companies are now taking advantage of data insights to improve decision-making, enter new markets, and deliver better customer experiences. From understanding and targeting customers, to client’s decision making, understanding user spending habits, to Predictive Equipment Maintenance in the oil and gas industry (predicting the remaining optimal life of their systems and components, ensuring that their assets operate at optimum production efficiency).

In the United States, Target, a retail company, is now able to very accurately predict when one of its customers will expect a baby.[4] Using big data, Telecom companies can now better predict customer churn; Wal-Mart can predict what products will sell; and car insurance companies understand how well their customers actually drive. In Nigeria, Kudi.ai has developed a chatbot that uses AI to understand user requests, drive conversations, understand user spending habits and prevent fraud. Zenvus Technology uses remote IoT (Internet of Things) sensors and cloud computing to help farmers with data-driven advice on improving crop health and yields, as well as access to lending, insurance and commodity trading services.

The International Data Corporation said that worldwide revenues for big data and business analytics will grow from $103.1 billion in 2016 to more than $203 billion in 2020, at a compound annual growth rate of 11.7%. Revenue from the sales of big data and business analytics applications, tools, and services is placed at more than $187 billion in 2019.[5]

Unregulated processing of personal information can have a significant impact on key human rights such as privacy and dignity of human person. This fast-growing industry therefore prompted regulators to step in to restrain those who control its flow. On the 24^th of July, 2019, Facebook agreed to pay a $100m fine imposed by the United States Securities and Exchange Commission, for misleading investors about the risks it faced from misuse of user data. In a similar vein, on the 30^th of July, 2019, The Greek Data Protection Authority imposed a 150,000 Euros fine on Price Waterhouse Cooper (PWC) for the illegal processing of personal data of its employees and breaching the EU General Data Protection Regulation (GDPR).

All these can be prevented if adequate legal framework is put in place before a company commences processing personal data. Whether you’re setting up an e-commerce platform, a telecommunication company, a bank or financial agency, abiding by the necessary data protection policy should form part of your business plan. Ensuring your clients, customers and/or employees sign a Data Protection Agreement (DPA) or Data Protection Policy will afford them the opportunity to understand in full how their Data will be processed and it will also serve as a guiding document in case of any dispute. With the immense benefits that can be derived from leveraging big data, companies must be careful in the processing of personal data to avoid sanctions. Data Protection operates on three basic principles to wit, personal data should be processed lawfully, fairly and transparently.

In Nigeria, Data Protection is regulated by the Nigeria Data Protection Regulation, 2019 made by The National Information Technology Development Agency (NITDA) pursuant to the NITDA Act of 2007.  The NDPR defines ‘Personal Data’ as “any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person; It can be anything from a name, address, a photo, an email address, bank details, posts on social networking websites, medical information, and other unique identifier such as but not limited to MAC address, IP address, IMEI number, IMSI number, SIM and others”.

It defines ‘Processing’ as “any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction”. And it defines a ‘Data Controller’ as “any person who either alone, jointly with other persons or in common with other persons or as a statutory body determines the purposes for and the manner in which personal data is processed or is to be processed”.

The NDPR provides that any person subject to the Regulation who is found to be in breach of the data privacy rights of any Data Subject shall be liable in addition to any other criminal liability, to the following:

1. a) in the case of a Data Controller dealing with more than 10,000 Data Subjects, payment of the fine of 2% of Annual Gross Revenue of the preceding year or payment of the sum of 10 million naira whichever is greater;
2. b) in the case of a Data Controller dealing with less than 10,000 Data Subjects, payment of the fine of 1% of the Annual Gross Revenue of the preceding year or payment of the sum of 2 million naira whichever is greater.

The African Union Convention on Cyber-security and Personal Data Protection, 2014 is another effort by African States to protect and regulate dealings with personal data. The Convention amongst others, provides for rules on trans-border data flows.

Adopted in June, 2014, at the African Union Summit in Malabo, Equatorial Guinea, the Convention commits state parties to ‘establishing a legal framework aimed at strengthening fundamental rights and public freedoms, particularly the protection of physical data and to punish any violation of privacy without prejudice to the principle of free flow of data.’[6]

In conclusion, every Data Controller should ensure that users of its e-commerce website, its employees, customers and/or clients are adequately informed of their rights as it relates to Data Protection. The Data Protection Agreement (DPA), Data Protection Policy or the Privacy Policy need to be clear and spell out the rights of the Data Subject and what the Data will be used for.

References

[1]Ed Aviza; Data is the Gold of the 21st Century  Available at https://www.cloudbakers.com/blog/author/ed-aviza

[2]How much is your personal data worth? https://www.theguardian.com/news/datablog/2014/apr/22/how-much-is-personal-data-worth

[3]https://www.forbes.com/sites/forbestechcouncil/2018/01/31/information-to-insights-why-business-needs-artificial-intelligence/

[4]https://slate.com/human-interest/2014/06/big-data-whats-even-creepier-than-target-guessing-that-youre-pregnant.html

[5]https://www.informationweek.com/big-data/big-data-analytics/big-data-analytics-sales-will-reach-$187-billion-by-2019/d/d-id/1325631

[6] Article 8(1)

Wolfgang Amadeus Mozart (1756 – 1791), is considered by many as the greatest composer of all time (though there are still debates going on as to whether he really is). At the age of 5, he had started composing and playing before European royalty. A genius of classical music, Mozart by far had the talent any musician in any generation would want to have. 

There are so many talented individuals around;  sometimes while walking down the streets, I see kids with miniature trucks and excavators they had built themselves with people gathered around them cheering and supporting them in the little way they can. A lot of things could be seen from the street view point. I’ve seen very talented footballers, musicians, craftsmen, welders, etc, all not getting what many perceive to be the required recognition and sometimes we just can’t say why. There are great scholars and academics not getting the publicity or attention many people think they really need or not actually living up to expectations. 

It happens all the time so then what can we do?  First, it is important to state that different people want different things in life, and the definitions of success might also depend on the one who is defining it. So what one person considers as success might not mean a thing to another. But isn’t our talents supposed to do us some good? Otherwise what need is there for one to have a talent? I think so.

And back to Mozart, despite his musical ingenuity, he still struggled financially for most of his life as this extract from the billboards put it:

“Yet Mozart earned a reputation for money-grubbing, and evidence abounds that he squandered much of his cash. Among the items on display at the Musikverein are handwritten letters in which Mozart begged his patrons, publishers and acquaintances for huge sums to settle his debts. . . No one disputes that Mozart’s wealth was long gone by the time he lay on his deathbed. Researchers at Salzburg’s International Mozarteum Foundation say records of Mozart’s estate indicate that his widow barely had enough cash to bury him, and that he owed thousands, including debts to his tailor, cobbler and pharmacist.”

This is not in anyway trying to equate success with the acquisition of things, as I personally don’t even believe in that. Many people play music to entertain and make other people happy and this they consider to be the most important criteria for evaluating their success.

From experience (mostly those of others) then I can say that for one to benefit the most from his talent, he also has to have the following qualities: Self discipline and Hard work.

The consistency and dominance of Cristiano Ronaldo and Lionel Messi for over a decade is a clear indication of the relevance of these two qualities. Many footballers whose names I wouldn’t like to mention failed to capitalize on their talents making them fall short of the expectations placed on them as a result of the talent they had but never truly maximized.

Other than the above, for any talent to benefit an individual in the way the individual wants it to, the following should be considered :

• What Does the Individual Want  from the Talent?
• What is the Relevance in my immediate Location?
• Will it be Appreciated in this Time and Age?

What an individual wants from his talent must be clearly defined. This helps to determine how the person in question goes about utilizing his talents. Many people learn to play a musical instrument just to have a good time and entertain friends and family, many scientists go into science purely for the satisfaction of contributing something relevant to the service of humanity, many teachers teach not because it is going to make them wealthy but because of the passion they have for the profession or young people. What do you want? 

The relevance of one’s talent in a particular location is so crucial that it will be foolhardy not to consider it. What need is there for an astronaut in a community that needs a polio vaccine? What need is there for a Robotics Engineer in a village without power supply?  Moving to a location of relevance may be desirable.

The book The Great Gatsby by Fitzgerald was not successful until many years after the death of the writer. I don’t know if there is anything he could have done about it,  but that gives us a reason to look at the age we live in. Are we in the age of posting letters or in the age of electronic instant messaging? Is Nigeria currently prepared for 5G  or 5G experts have to wait till a future date?

I don’t know how this article helps anyone, but you just have to see if it can. As you consider, I wish you all the best.

Making a presentation is arguably the hardest part of being a student. As a student you could either be one that talks a lot but get cold feet in public or be someone who doesn’t talk a lot but makes quite an impressive speech in public or be someone who doesn’t even talk much and still cannot make any meaningful impact in public presentation, but whichever group you belong, a few tips can turn things around and bring out the best in you when making a presentation.

When I was pursuing my bachelors’ degree back in school, you will be doing yourself a huge disservice if you chose me to defend a group project in front of a panel, because I would gasp for air! Funny right? It was really difficult. But along the line I realized that it was not a permanent situation, and that  I could change all that, so I went searching and discovered the tips needed to make a good presentation. This tips worked so well for me. I couldn’t worry too much about my shakiness or panic attacks; I finally learned a way to drive my point home in a relaxed manner and in my own words.

So here we go the 5 basic presentation tips.

BE YOURSELF

This statement is very much underrated mostly because of its frequent use from around the globe. Everyone tells you to be yourself, at home, at work, in places of worship, basically everywhere. You could say “oh I’ve heard that too many times, just not working” but it’s never enough until you understand its contextual meaning. It’s more like get in touch with your inner child; become more aware of your thoughts; follow your intuition; RULE YOUR WORLD! Professionally act like you own this place; be in charge

SHOW YOUR PERSONALITY

You do have a personality, bring it on. Use your body, do not let the body use you; gesticulate; use your hands; walk around a fixed position. Make impressions; bring up scenario; tell a story within time constraint; make them laugh and hit the nail on the head.

FINISH BEFORE TIME

There is something about leaving people at the climax, when you begin in time, make your point as succinct as possible, be concise and confident; take your time, pause in between points to allow it to sink into the minds of your audience. Finish well and in time. If you have 10mins for a presentation, there is no crime finishing at the 8th minute. My uncle will always say “leave the stage while the applause is still on”.

BE AUDIBLE

Speak loudly enough to catch your audience’s attention, if there is a provision for a microphone, hold it with one hand for most of the time.

PRACTICE, REHEARSE

As they say, practice makes perfect. It is not just about knowing what to say, you have to practice how you are going to say it. Call a few friends together and rehearse in front of them. Get them to tell you where you are lacking that you should improve on and enjoy yourself.