News and Views
How retailers can monetize customer data and help grow financial inclusion
The next couple of years will be tough for the retail sector. Monetizing customer behavioral data can help retailers remain profitable while providing banks and credit lenders with an alternative data source for credit scoring first-time credit applicants. The...
How to get started with Data Monetization
What is data monetization? Data for many companies has long been a liability due to the costs and risks associated with storing it, managing it, and protecting it. However, for others it’s quickly becoming a tremendous source of revenue. First of all, what is data...
Tony Houldsworth joins Omnisient Advisory Board
Technology industry veteran and Group President of Flooid – a leading unified commerce platform for the retail and hospitality sectors - joins Omnisient’s Advisory Board to support and accelerate international expansion plans. Omnisient, Africa's privacy compliant...
Omnisient’s B2B Data-Collaboration platform becomes even more secure
Omnisient has introduced an additional privacy-preserving feature in its mission to provide a B2B Data Collaboration Platform that delivers high-value consumer insights and intelligence, combined with stringent security protocols to ensure regulatory compliance by...
Why the Sudden Spike in Business-to-Business Partnerships Comes with Opportunities and Pitfalls
Business to business partnerships involve partnering with other brands and companies to achieve various objectives. It ranges from growth through co-selling and promoting to creating entire new revenue streams like data monetization or product innovation. In...
[ITNews Africa] Intelligent Compliance: POPIA in the Age of AI
The artificial intelligence (AI) market is predicted to reach revenues of $156 billion by the end of 2020, according to IDC, with the largest segments being application and enterprise relationship management (ERM) at 20% and 17% respectively. The scale of AI...
[Business Day] Cape Town’s Omnisient offers a secure data exchange alternative
The tech firm says its Intersect.ai is the first secure data exchange in Africa. In the wake of the recent Experian cyberattack, the team at Cape Town-based technology firm Omnisient says their secure data exchange platform can reduce the risk of...
How to eliminate data breaches: an expensive and growing threat to business growth
By leveraging tokenization-as-a-service, the threat of internal and malicious actors is essentially removed. With organisations now moving more aggressively into the digital sphere, data is becoming one of the most highly prized assets in the business equation. In...
Don’t let your data-driven solutions be locked down with you…
How Privacy by Design technology enables data collaboration to flourish in the ‘new normal’. Before lockdown was even a thing and businesses were forced into working remotely, many leaders (across sectors) were starting to invest in Privacy by Design technology:...
Why unlocking alternative data should be integral to credit models in the post-Covid19 economy
It’s no secret that South African banks and financial services providers draw on massive volumes of data to make decisions and provide targeted services to middle and upper-income earners. When assessing individual credit applications, for example, banks will draw on...
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