Data analytics assessment report

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IFRS Navigating the changes to International Financial Reporting Standards (2024 edition)
The 2024 edition of the publication has been updated for changes to International Financial Reporting Standards (IFRS) that were published between 1 January 2023 and 31 December 2023. The publication now covers 31 March 2023, 30 June 2023, 30 September 2023, 31 December 2023 and 31 March 2024 financial year ends.

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The new IFRS 16: Leases standard has been issued by the IASB. The core principle of the new standard is that lessees should recognise all leases on their balance sheet.

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Consumer products

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Automotive
Advances in technology are increasing the risk of disruption in the market and existing players, both upstream and downstream, are taking note. They’re innovating. They are making more use of lightweight materials and alternative fuels and taking the first steps towards intelligent and connected vehicles.

Energy and Natural resources

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Financial services

Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...

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Asset management
Increasing regulation and investor demands for returns and transparency have brought new challenges to the asset management sector. Within this new world, organisations with the operational agility and strong infrastructure to embrace change and innovation can maximise opportunities.
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In a market where businesses operate with a 30-year outlook change is rarely spectacular or sudden. Yet there’s no doubt that important shifts are underway in insurance.
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Not for profit

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Technology
The ability to anticipate and adapt is more important in the technology industry than ever before.
Media
The media industry is in the grip of a technological revolution and it’s affecting every part of the business. Distribution models, commissioning procedures and revenue streams are all evolving as the industry responds to the shift to digital and personalisation. This has resulted in a flood of new channels, platforms and experiences, all of which have to be constantly fed with compelling, quality content. If they are not, audiences move on.
Telecommunications
The telecommunications industry is changing rapidly and facing pressure from all sides.

Travel, tourism & leisure

The travel, tourism and leisure industry is undergoing dramatic change: consumers are now calling the shots.

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Data analytics assessment report

10 Aug 2022

To unlock the value that data provides, organisations should ensure there is focus on getting certain key elements in place to enable a successful implementation of data analytics capability, namely:

Align purpose of data analytics to organisational goals and secure buy-in,
Preferred data analytics implementation model,
Data availability, quality and completeness,
Improved data literacy,
Analytical skills and experience, and
Choice of software.

Our survey results show 87% of respondents have either disparate plans or do not have any strategy or plans. Of the remaining 13% who are ahead in terms of data analytics maturity, 50% of them possess advanced and automated analytics. These results underline a tremendous opportunity for Botswana businesses to gain competitive advantage using data and analytics and stay ahead in geographies they operate in.

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Data analytics assessment report

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