Data Lake; what you need to know.

In todays world of data science, there is increasingly urgent need for data storage for future transformation and deployment. One of the ways by which this is done is by what is called a data lake and data warehouse. Data lake is storage and collection of unrefined data i.e, data in its native form, with limited transformation captured from a diverse array of source systems.

In its most basic definition, data lake is a system or repository of data stored in its natural or raw format, usually object or files. It is a huge store of data including raw copies of source system data, sensor data, social data etc. It could also mean so many things to different people.

What you should know.

The terms data warehouse and data lake are often misleading but are totally different, though their popularity with large enterprises is similar. A research conducted by Gartner  shows that about 80% of enterprises use data warehouses or plan to use them in the next 12 months, while 73% use or plan to use data lakes in a similar time period.

Data lakes are set up to capture much or all the data that an enterprise generates not just data that is needed for specific types of queries. All manner of data including those from relevant sources and irrelevant are poured into the data lake without any kind of being processed or transformed.

What you must know. 

Data lakes makes it a lot more easier to handle a new stream of data because no transformations need to be done, and it also means that data lakes are so big that you can call on them for immediate processing when an urgent analytics is deployed to solve a peculiar problems.

In most cases, they are kept indefinitely, in case it is needed in the future, this is in contrast to data in data warehouses which are often subjected to a lifecycle that means that it is discarded after a certain period of time or even transferred to a data lake for future and indefinite storage.

One of the major importance of this is for easy deployment and analytics purposes. It also gives an organisation immediate access to large volume of data which could be turned into a veritable tool for immediate problem solving.

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New FDA approved Molecule for treatment of Endometrial Cancer “Dorstalimab”, What you should know.

FDA Stamp of Approval

The United States of America foremost drug regulator FDA today gave an accelerated approval to the immunotherapy molecule dostarlimab branded as (Jemperli) for the treatment of recurrent or advanced endometrial cancer with deficient mismatch repair (dMMR).

What you should know.

Dortalimab is an inhibitor and its usage is limited to patients who have progressed on or following prior treatment with a platinum-containing chemotherapy. Also the eligibility must be determined by an FDA-approved test for the dMMR biomarker. So basically, the protocol must be strictly adhered to for optimal benefits.

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What FDA are saying.

According to FDA Statement made by Richard Pazdur, director of the FDA’s Oncology Center of Excellence and acting director of the Office of Oncologic Diseases, “Today’s approval of Jemperli is evidence of the FDA’s progress in applying precision medicine to expand treatment options for patients with cancer, this immunotherapy was specifically studied to target dMMR endometrial cancer and leverages scientific knowledge surrounding the mechanism of immunotherapy response in this unmet medical need population.”

What you must know.

Dostarlimab, a PD-1 inhibitor, recently showcased clinical activity in patients with dMMR and MMR proficient (MMRp) endometrial cancer, regardless of investigator assessment.

In GARNET, investigators tested single-agent dostarlimab in expansion cohorts across multiple tumor types. Patients who were eligible for enrollment were treated with dostarlimab at 500 mg of intravenous (IV) every 3 weeks for 4 cycles followed by 1000 mg IV every 6 weeks until disease progression.

In the data that led to the approval, GSK noted that among 104 patients evaluable for safety, the most common (≥20%) adverse events (AEs) included fatigue (48%), nausea (30%), diarrhea (26%), anemia (24%), and constipation (20%).

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The most common (≥2%) grade 3/4 Adverse events included anemia and increase in alanine transaminase levels. Discontinuations of dostarlimab due to Adverse events occurred in 5 (4.8%) of patients, and no drug-related deaths occurred.

This was really an impressive safety profile and we hope that real time market performance could surpass this preliminary findings.

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Cloud Computing: what you should know.

Cloud Computing simply means the delivery of different services through the Internet. These resources includes tools and applications like data storage, servers, databases, networking, and software. As long as an electronic device has access to the web, it has access to the data and the software programs to run it. However if the device lacks basic internet access it may find it difficult running such programs.

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What you should Know.

Cloud computing often come with pay-as-you-go pricing. Instead of buying, owning, and maintaining physical data centers and servers, you can access technology services, such as computing power, storage, and databases, on an as-needed basis from a cloud provider. With this you can virtually do any thing at any time most convenient for you a per pay as you use basis.

The cloud gives you easy access to a broad range of technologies so that you can innovate faster and build nearly anything that you can imagine.

Services provided:

These most popular services provided by cloud includes such things as independent computing powers, storage, and databases, to Internet of Things, machine learning, data lakes and analytics, and much more.

You can deploy technology services in a matter of minutes, and get from idea to implementation several orders of magnitude faster than before. This gives you the freedom to experiment, test new ideas to differentiate customer experiences, and transform your business.

The three main types of cloud computing:

  1. Infrastructure as a Service.
  2. Platform as a Service.
  3. and Software as a Service. Each type of cloud computing provides different levels of control, flexibility, and management so that you can select the right set of services for your needs as to when you need them.

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Introducing a new design for the WordPress apps — The WordPress.com Blog

The WordPress mobile apps are the best way to manage your site from anywhere. If you’re already using the app, you might have noticed a new visual design that’s been rolling out. That rollout is complete in WordPress 17.1, which is available today for both Android and iOS. If you’re not already using it this […]

Introducing a new design for the WordPress apps — The WordPress.com Blog

WRITING EVERYDAY — Let’s talk

Shared!!!

I love having my own secret space, i love tasting life twice…. It’s been more than a year that i took the decision to dedicate much of my time to the feather, I’m not gonna say that in that year i was consistence i missed some days when I’m not in the mood to do […]

WRITING EVERYDAY — Let’s talk

The Central Bank Of Nigeria Stops FinTech Start-ups from BVN Validation services.

The Apex Bank of Nigeria building.

The Central Bank Of Nigeria has allegedly stoped FinTech Start-ups from BVN verification. This was hinted by many emergency messages sent out to customers by the affected companies. One of such messages read as follows;

We’ve recently been made aware of a regulatory directive from the primary custodian of Nigeria’s BVN service to all their partners to suspend the provision of the BVN validation service to their third-party partners. This directive affects every non-bank in Nigeria that offers BVN Validation services. In light of this news, we’re hereby informing you that the BVN Resolve service will be temporarily unavailable starting at midnight, April 8, 2021.”

What you should know.

The move is going to force the start up FinTechs to look for alternative means of verification of customers. Such ways they could do this is by use of National identification number (NIN) of the country or international passport biodata of their customers.

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Y Combinator seed capital; what you should know.

Y combinator is an American seed money startup accelerator launched in March 2005. It provides seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you’re getting started. It has been used to launch over 2,000 companies; such companies as Stripe, DoorDash, Coinbase, Reddit etc.

The YC Fellowship Program was announced in July 2015, with the goal of funding companies at the idea or prototype stage. The first batch of YC Fellowship included 32 companies that received an equity-free grant instead of an investment.

In January 2016, Y Combinator announced version 2 of the Fellowship program, with participating companies receiving $20k investment for a 1.5% equity stake. The equity stake is structured as a convertible security that only converts into shares if a company has an initial public offering (IPO) or a funding event or acquisition that values the company at $100m or more. The YC Fellowship was short-lived. In September 2016, then CEO Sam Altman announced that the fellowship will be discontinued.

However, it rebounded back In 2017. That year, Y Combinator announced Startup School, an online course that released public videos and also coached individual startups on a larger scale to replace the fellowship. A total of about 1584 startups graduated the program in its first year.

What you should know.

Y Combinator interviews and selects two or more batches of companies per year. The companies receive seed money, advice, and connections in exchange for 7% equity of the company. The program includes “office hours”, where startup founders meet individually and group meetings. Founders also participate in weekly dinners where guests from the Silicon Valley ecosystem (successful entrepreneurs, venture capitalists, etc.) speak to the founders.

What you must know.

Y Combinator’s motto is “Make Something People Want.” The program teaches founders to market their product, team and market, refining their business model, achieving product market and scaling the startup into a high growth business, etc. The program ends with Demo Day, where startups present their business and sometimes technology to potential investors.

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The legendary Chinua Achebe’s advise to beginner writers.

One of the most accomplished African writer and literary genius Chinua Achebe has one important advice for all beginner writers. The central point is strive for quality content first before quantity.

Achebe was born Albert Chinụalụmọgụ Achebe, on 16 November 1930 and died in 21 March 2013. He was a Nigerian novelist, poet, professor, and critic. His first novel Things Fall apart was published in 1958, and often considered his masterpiece is the most widely read book in modern African Literature. 

Achebe has few advice for those willing to toe the path of writing. In his word;

“Most writers who are beginners, if they are honest with themselves, will admit that they are praying for a readership as they begin to write. But it should be the quality of the craft not the audience, that should be the greatest motivating factor. For me, at least, I can declare that when I wrote THINGS FALL APART I couldn’t have told anyone the day before it was accepted for publication that anybody was going to read it. There was no guarantee; nobody ever said to me, Go and write this, we will publish it and we will read it; it was just there. But my brother-in-law who was not a particularly voracious reader, told me that he read the novel through the night and it gave him a terrible headache the next morning. And I took that as an encouraging endorsement!
The triumph of the written word is often attained when the writer achieves union and trust with the reader, who then becomes ready to be drawn deep into unfamiliar territory, walking in borrowed literary shoes so to speak, toward a deeper understanding of self or society, or of foreign peoples, cultures and situations.”

Chinua Achebe, There Was a Country:

So you have it up. Follow your dream and most importantly follow the advice above. Quality above Quantity.

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Flutterwave made history, closes a $170 USD Series C funding round, the largest amount ever secured by an African FinTech.

The African FinTech Start-up giant Fluttawave have secured an unprecedented amount in a serial C round of funding totalling about $170 USD which turned out to be a pacesetter amongst equals.

In 2017, flutterwave had raised US $10Million in Series A and an extension round was done 2018 then last year, a total of $35 USD was raised in serial B early January. It has now added to that funding with a record-breaking Series C round worth US$170 million, which takes the value of the company to over US$1 billion.

Leading the pack is US-based investment firms Avenir Growth, Tiger Capital , Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, and WorldpayFIS 9yards Capital. 

What you should know.

Flutterwave has an active presence in 11 African countries, including Nigeria, Ghana, Kenya, and South Africa, and at the time of its Series B just over one year ago had processed 100 million transactions valued at over US$5.4 billion.

What you must know.

Flutterwave was lunched in 2016 and build modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy. Its solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.

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Amazon Go first cashierless store in UK: what you should know.

Amazon Stores

Amazon Go is a chain of convenience stores in the United States based in Seattle Washington US. As of 2020, there are 27 open and announced store locations in Seattle, Chicago, San Francisco and New York City. This is in addition to numerous other important ventures in its big portfolios.

Amazon first cashierless debut in UK; what they are saying.

Amazon company said it will debut a 2,500-square foot Amazon Fresh-branded store in London on Thursday. The store, like its U.S. couunterparts, will use an array of cameras and other sensors to track shoppers as they pull items off the shelves, and charges a credit card on file after they exit. The stores represent the retail and technology giant’s biggest effort to reshape physical retailing. Amazon is also offering to license the system, which it calls Just Walk Out technology, to other companies.

Amazon as a company focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the biggest companies in the United States of America and sits at same level with Google, Apple, Microsoft, and facebook. 

Cashierless store, what you should know.

Cashierless stores are the new disruptive concept in the retail space that is fast catching up and gradually gaining traction in the market. One of the main advantage of cashierless is its seamless and convenient shopping experience it offers the customers. It removes all bureaucracy associated with shopping.

It works by using the same types of technologies found in self-driving cars, such as computer vision, sensor fusion, and deep learning. This technology can detect when products are taken or returned to the shelves and keeps track of them in your virtual cart. It also uses a combination of ceiling-mounted cameras and shelf-weight sensors to automatically track customers and items as they move around the stores. Once someone has finished their shopping, they can walk out of the store without needing to scan anything or interact with a cashier.

What you must know.

Amazon was founded by Jeff Bezos in Bellevue, Washington, on July 5, 1994. It started as an online marketplace for books but expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. Amazon Go Grocery accept many common payment methods, but are optimized for cards such as Visa, MasterCards, American Express, Etc. Recently, Amazon is trying out possibilities of accepting cryptocurrency as part of its payment methods.

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