Innovation house RubiBlue has launched Data Sight. A new company to address the need for emerging market data and its analysis as brands, corporations and start-ups look to enter Africa and connect with the 1.1 billion people on the continent who will account for one-fifth of the world’s population by 2025.
“Africa has its own nuances, and its complex cultures within its different countries hold a myriad of challenges for established businesses and start-ups looking to enter its new markets,” says RubiBlue MD and founder of Data Sight. “If you don’t understand consumers in the territory you’re entering, you’re setting yourself up to fail.”
With over ten years working in Africa and enabling financial institutions to access rural markets and give access to financial security for millions of Africans, RubiBlue is well positioned to aggregate and process vast amounts of consumer data in this sector. “There are currently 293.8 million smartphone users across the continent,” adds Ogden. “And according to research firm Ovum, the smartphone penetration rate will grow at 52.9% year-on-year. It’s these smartphone users we will use to collect data from and create a picture of Africa’s consumers.”
Data Sight subscribers will be surveyed and rewarded with data or airtime vouchers upon completion of question sets, as well as many other partnered value-added service (VAS) providers across Africa. “Creating and owning its data, and the ability to carry out surveys on demand from a uniquely dynamic platform, Data Sight will partner with organisations and entrepreneurs to furnish them with the insight they need,” adds Ogden. “Most businesses don’t have access or the expertise to collect and analyse vast amounts of data. Which is where our experience and expertise adds value.”