AFRICA
including their spending / saving / investment habits and how they interact with the apps .
Descriptive analytics is all about using cutting edge tools meant for data science to understand what has happened in the past and how this will predict the future .
What are some of the current trends ?
VS : The future is more scientific . Rather than simple analytics , AI will help fintech market as it ’ s all about descriptive analytics , predictive analytics and prescriptive analytics . These will guide fintech businesses on where , when , and how to invest . What ’ s important though , is that cost is king of controlling these trends .
What do you think the future African financial space will look like ?
VS : The African financial space is still very new and bears so much potential . Advancement of technology , financial services , machine learning for business excellence and customer centric solutions will allow services providers to penetrate the segment .
Other factors like financial inclusion , financial innovation and financial technology will allow service providers to serve customers with more and more solutions at a lower cost .
“ Descriptive analytics is all about using cutting edge tools meant for data science to understand what has happened in the past and how this will predict the future .”
VINOD SHARMA
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