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Excelling by numbers

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Ever wondered how psychics seem to ‘know’ quite a lot about their clients? I was watching one video the other day on You Tube. It was about one psychic who was predicting peoples’ futures. After watching it, I was very intrigued; not because of the fact that the people confirmed the predictions to be true afterwards, but because of the ‘method’ he used to make those predictions.

I likened the method to what is called predictive analytics, also known as advanced analytics.Predictive analytics is using new and historical data to forecast activity, behaviour and trends. It is just a matter of making great hypothesis by using algorithms combined with past events, situations etc. There are variables that can be measured and analysed to predict the behaviour of an individual, a group of people or how a product or service is going to perform in the market.
Some businesses have seen this to be the future solution to transcending through the margins of meeting market needs and saving the business from producing or rendering a service that may not be needed.

Let us look at a simple example. Let us say a gym has implemented a predictive analytic model for the business as a result of the fact that it is difficult to predict whether clients would renew and pay for their membership especially if they have the choice to suspend it for a period of time. By using the model, the system might predict that a certain individual(s) may not renew their membership. This prediction is due to the historical data and it gives the owner of the gym an idea of a possible loss in which a remedy can be formulated before the damage is done. For instance, an incentive may be offered to these particular individuals in an attempt to make them continue their membership, but not coercing them into it.

As a leader, you can also use this method to retain your staff. Let us say that there is an employee who is hardworking but is sort of ‘neglected’ (and most of the time not intentionally). They are given almost each and every problem to solve and it seems like the weight of the company is on their shoulders, but still they never disappoint to deliver. They seem loyal and there is nothing suggesting that they are looking for a different job, except their CV shows that they have never worked for more than two years in any one of the companies they have worked for previously.

The particular employee has been with the current employer for three years now and has recently started to further his studies. With this trend, a predictive model can predict the outcome from this particular situation and give HR enough time to react accordingly. This can save businesses on losing very essential resources. Have the ability to anticipate and drive better business outcomes. Become a decisive competitive factor in your industry.

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Business

BSE upgrades online investor access

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A recent BSE opening bell function.

Botswana Stock Exchange Limited (BSEL) will this year introduce a new clearing and settlement system, as part of efforts to improve operations of the bourse.

Speaking at the seventh opening bell ceremony, Chief Executive Officer, Thapelo Tsheole said the development will help improve liquidity and risk management. In addition, the new settlement system replaces the 2008 system while fast tracking introduction of security borrowing and lending, management settlement guarantee fund, as well as identifiers for companies and instrument.

BSEL has already awarded a contract to a Swedish company to implement the system which is also expected to digitalize Initial Public Offering (IPO), allow electronic voting for listed companies during annual general meetings (AGM) for absent shareholders.

The project, which is expected to take eight months once the two parties sign the deal, is part of efforts to have more online investors access for BSEL. Tsheole also revealed that BSEL website will undergo a revamp this year, allowing it to be more analytic, live feed shares, as they trade.“The tender is already out for the website and mobile application. It is a project that we had hoped to implement last year but because of logistic problems, we could not do it,” said Tsheole.

BSEL further plans to introduce two data display screens at CBD and at the stock exchange.“These will assist with information sharing and keep the market updated,” said Tsheole. Meanwhile, BSEL will not change its Automated Trading System (ATS) until 2022, according to Tsheole.“The system supports our strategy to grow the market and increase the average daily turnover levels to 18.0million per day by 2021,” said Tsheole.

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BSE complies with reporting guidelines

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Botswana Stock Exchange Limited (BSEL) has become the 5th bourse in Africa to comply and publish Environment, Social and Governance (ESG) reporting guidelines.

The development comes a year after BSEL became a partner exchange of the United Nations Sustainable Stock Exchange (SSE) Initiative.“The BSE made a commitment to publish guidance on ESG Reporting. This commitment has been fulfilled.“

We are the 42nd among the 81 SSE Partner Exchanges globally and the 5th in Africa to do this,” said Kgotla Segwe, Market Development Specialist at Botswana Stock Exchange Limited.
Other stock exchanges that have complied with the SSE initiative on the continent are from South Africa, Nigeria, Morocco and Egypt.

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