BusinessDay: Africa must reap the benefits of its own data

BusinessDay: Africa must reap the benefits of its own data. “Today, an AI algorithm is not a competitive advantage but data is. The World Economic Forum calls data the new ‘oxygen’, while Chinese AI specialist Kai-Fu Lee calls it the new ‘oil’. Africa’s population is increasing faster than in any region in the world. The continent has a population of 1.3-billion people and a total nominal GDP of $2.3-trillion. This increase in the population is in effect an increase in data, and if data is the new oil, it is akin to an increase in oil reserve.”