How are African Companies Deriving Value from Big Data?
Big Data solutions are emerging across Africa, driven by increased connectivity and Internet usage, the rapid proliferation of connected devices and the continued investment in Africa-specific innovations. However, the threat of data overload continues to challenge potential adoption as businesses are still struggling to pinpoint how best to monetise these solutions. Some of the key challenges include a lack of reliable data sources, concerns about data security and individual privacy and a lack of specific Big Data-related skills. This study presents the current status of Big Data solutions across Africa, illustrates the core value chain, identifies key participant groups, and highlights industry-specific case studies and trends.
Key Findings - The Big Data value chain consists of data collection, data management, data processing, and end-user applications. - Thus far in Africa, the focus has been on data collection and data management, which together form the enabling platform for Big Data solutions. - Technology advancements are being witnessed at each stage of the Big Data value chain, notably in terms of the proliferation of sensors and other connected devices. The ease of adoption of various analytics platforms is also contributing to the emergence of Big Data solutions. - The absence of the appropriate infrastructure, the lack of relevant skills and knowledge, and problems arising from the integration of various disparate systems, are the key challenges in the market. - Other challenges stem from the lack of market education, the difficulties associated with quantifying the benefits of additional information, and the lack of standardisation of Big Data services. - For most companies, the starting point for an integrated Big Data solution is a complete map of all possible data sources. - The benefits accrued from Big Data solutions arise either from improved operational efficiencies or new business opportunities. - Operational enhancements include reduced storage costs, predictive maintenance, enhanced communication, self-regulating systems, faster response times, improved utilisation of resources, and increased customer intelligence. - New business opportunities are usually industry-specific and examples are evident in a range of industries and locations across Africa. - Telecommunications providers will play an increasingly important role in the provision of Big Data solutions; industry-specific solutions will also emerge over the next few years.
Table Of Contents
Big Data Outlook in Africa 1. EXECUTIVE SUMMARY
2. WHAT IS BIG DATA?
What is Big Data? Structured Data Characteristics of Big Data Additional Characteristics of Big Data The Big Data Value Chain What Happens to Data?
3. WHY HAS BIG DATA EMERGED?
Why has Big Data Emerged? Big Data as One of the Three Major ICT Trends Technological Drivers of Big Data Growth The Growth of Digital Data
4. INDUSTRY CHALLENGES
Industry Challenges Big Data Solutions MarketâIndustry Challenges Industry Challenges Explained
5. DRIVERS AND RESTRAINTS
Drivers and Restraints Big Data Solutions MarketâMarket Drivers Market Drivers Explained Big Data Solutions MarketâMarket Restraints Market Restraints Explained
6. WHAT VALUE CAN COMPANIES OBTAIN FROM BIG DATA SOLUTIONS?
What Value can Companies Obtain from Big Data Solutions? Corporate Considerations Sources of Data for Companies Potential Benefits of Big Data Solutions Explanation of Operational Benefits Global Overview of Big Data Solutions
7. HOW ARE COMPANIES USING BIG DATA SOLUTIONS?
How are Companies Using Big Data Solutions? Industry Outlook: Resource Industries Industry Outlook: Telecommunications Industry Outlook: Healthcare Industry Outlook: Retail Industry Outlook: Public Sector Industry Outlook: Banking and Financial Services and Insurance
8. THE OUTLOOK FOR BIG DATA SOLUTIONS
The Outlook for Big Data Solutions Key Questions for Companies to Consider The Square Kilometre Array (SKA) Project What Will the Future Look Like?
Conclusions The Last Wordâ3 Big Predictions Legal Disclaimer
Appendix Research Acronyms
11. THE FROST and SULLIVAN STORY
The Frost and Sullivan Story Value Proposition: Future of Your Company and Career Global Perspective Industry Convergence 360Âº Research Perspective Implementation Excellence Our Blue Ocean Strategy