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Home Technology & Society Comment

ML for predictive analytics in business: Africa’s data goldmine

by Admin
January 21, 2026
in Technology & Society Comment

OLUSOJI ADEYEMO

Olusoji Adeyemo, an Azure Application Innovation & AI Specialist with Microsoft UK, has a Master’s in Computer Science with distinction from the University of Hertfordshire and Caleb University, and a Bachelor’s degree in Chemical Engineering from the University of Port Harcourt. He is currently enrolled to start his PhD research in Explainable AI and ML in the University of Hertfordshire UK. He is also certified in various cloud and project management technologies, including Microsoft Azure Expert, Google Expert,  AWS and Scrum. He can be reached at mastersoji@gmail.com and on Linkedin: https://www.linkedin.com/in/olusoji-adeyemo/ 

 

In today’s digital economy, information is the new oil. But like crude oil, data must be refined to extract value — and one of the most powerful tools for doing this is Machine Learning (ML). A subset of Artificial Intelligence (AI), ML enables computers to learn from data, identify patterns, and make predictions. Around the world, ML is reshaping how businesses operate, and Africa — particularly Nigeria — must act now to harness this transformative power.

 

What is predictive analytics?

Predictive analytics uses historical data and ML algorithms to forecast future outcomes. For businesses, this means anticipating market trends, improving customer engagement, and making smarter decisions. ML models trained on large datasets can predict customer behaviour, forecast inventory needs, detect fraud, and personalise marketing campaigns.

 

Global examples of ML in action

Internationally, companies are already reaping the benefits:

  • Amazon recommends products based on user activity, boosting sales.
  • Netflix uses predictive analytics to personalise content and reduce churn.
  • Coca-Cola forecasts regional demand, streamlining its supply chain.

 

This digital transformation is no longer confined to Silicon Valley. In Africa, increasing mobile penetration, digital transactions, and social media use are generating rich data sources for ML applications.

 

How African companies are using ML

A few African businesses are pioneering ML-driven analytics:

  • Flutterwave and Paystack (Nigeria) use ML to flag fraudulent transactions.
  • FarmDrive (Kenya) analyses farmer data to enable tailored credit scoring.
  • Lori Systems (Kenya) applies ML to optimise logistics and delivery costs.
  • uLesson (Nigeria) uses ML to personalise educational content for learners.

 

Despite these promising developments, widespread adoption remains slow due to structural and infrastructural limitations.

 

Why predictive analytics matters for Nigeria

With over 200 million people and a vibrant digital economy, Nigeria is well-positioned to benefit from ML. Here’s how:

 

  • Economic diversification: From agriculture to fintech, all sectors can benefit from improved forecasting and data insights.

 

  • Customer insights: Businesses can enhance service delivery through better understanding of consumer behaviour.
  • Operational efficiency: ML reduces waste, automates routine tasks, and optimizes resource allocation.
  • Risk management: Financial institutions can assess creditworthiness more accurately and prevent loan defaults.

 

Challenges hindering ML adoption in Nigeria

However, several barriers must be addressed:

  • Data gaps: Many businesses lack digitized, structured data necessary for training ML models.
  • Infrastructure issues: Limited internet access, unstable power, and high computing costs slow down digital innovation.
  • Talent shortage: There’s a lack of trained data scientists and machine learning engineers.
  • Policy and regulation: Nigeria lacks comprehensive legal frameworks around AI ethics, data privacy, and algorithm accountability.
  • Low awareness: Many traditional business leaders are unaware of ML’s strategic value.

 

Practical steps for Nigeria and Africa

To unlock the potential of predictive analytics, a coordinated effort is needed:

  1. Build data infrastructure: Governments and the private sector must digitise public records in health, agriculture, and transportation. Centralised and secure data repositories will support effective ML use.
  2. Invest in human capital: Universities should integrate ML and data science into curricula. Public-private partnerships can fund scholarships, internships, and AI bootcamps. Initiatives like Data Science Nigeria and AI Saturdays are already making strides.
  3. Support startups and SMEs: Provide incentives — grants, tax breaks, and innovation hubs — to support small businesses building ML solutions. Accelerator programmes can help scale local startups solving African problems.
  4. Establish clear policies: Develop ethical and legal frameworks for data use and AI deployment. Regulatory clarity will promote responsible innovation and attract investment.
  5. Encourage industry collaboration: Key sectors — agriculture, finance, healthcare — should form data-sharing alliances to develop cross-sector predictive models, such as credit scoring tools for underserved communities.
  6. Promote cloud adoption: Cloud platforms like AWS, Azure, and Google Cloud provide scalable ML tools without the need for expensive infrastructure. Encouraging businesses to use these platforms will lower adoption barriers.
  7. Raise public and executive awareness: Business leaders need education on how ML drives strategic growth, not just operational efficiency. Advocacy and case studies can shift perceptions.

 

Predicting a smarter future

Machine learning isn’t a luxury — it’s a necessity for modern business. In Africa and Nigeria, it holds the key to solving long-standing challenges, from food insecurity to financial exclusion. The continent’s growing data ecosystem is a goldmine waiting to be refined.

 

Through deliberate investment, strategic partnerships, and thoughtful policy, Nigeria can transform raw data into actionable intelligence, gaining a foothold in the global AI economy. The time to act is now — not just to catch up, but to lead.

business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessamlive.com

Admin
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