Deloitte’s Technology, Media and Telecommunications (TMT) report includes 10 predictions focused on critical business challenges and opportunities from 2017
The report predicts that Cyber attacks entering the Tera bit era, growth of biometric fingerprint sensor devices to one billion, the growth of IT-as-a-Service and enhancements in machine learning engineering for use in automobile and even medical industries as among top future trends
Knowing TMT trends is a key differentiator for businesses to retain competitiveness in a globally digitised world
Deloitte’s much anticipated 16th annual Technology, Media and Telecommunications (TMT) 2017 report has been released globally, intriguing those across industries with predictions on key technology and media developments. This year’s report, an annual publication, includes 10 predictions focused on critical business opportunities and challenges.
These include: Cyber attacks entering the Tera bit era, biometric fingerprint reader-equipped devices top one billion, the growth of IT-as-a-Service, and enhancements in machine learning engineering for use in automobile and even medical industries. 2017 predictions combine Deloitte forecasts, original and secondary research, perspectives gained from hundreds of conversations with industry leaders, and the aggregated opinions of tens of thousands of consumers across the globe.
“Connectivity is a core enabler of the modern economy; enhanced connectivity is likely to nurture and disrupt a significant part of global economic output for decades to come. Enterprises should start experimenting with new products and services based on higher speeds, greater capacity and a lower cost per gigabyte.Greater internet speeds may encourage greater device usage and impact consumer behaviour and global markets in turn,” said Max Marinelli, Country Managing Partner. Some of the key predictions included in the TMT report include the following:
Biometric security reaches the billions
The active base of biometric fingerprint reader-equipped devices will top 1 billion for the first time in early 2017. It is predicted that about 40 percent of all smartphones in developed countries will incorporate a fingerprint reader as of end-2017. By the end of the decade, the technology will become as available as front-facing cameras on even lower range smartphones. It is reported that consumers mostly use the technology for unlocking their devices.
Application developers are expected to meet growing demand through enabling other features including replacing password entry. Deloitte Global expects, as of end-2017, that the percentage of smartphone or tablet owners using facial, voice or iris recognition for authentication will be less than five percent compared to 40% for fingerprint readers.
Cyberattacks enter the Terabit Era
In 2017, Distributed Denial-of-Service (DDoS) attacks, a form of cyberattack, will become larger in scale, harder to mitigate, and more frequent. There are expected to be on average a terabit/s (Tbit/s) scale attack per month, over 10 million attacks in total, and an average attack size of between 1.25 and 1.5 gigabits per second (Gbit/s).
This escalation in the DDoS threat is largely due to the growing number of IoT devices, online availability of malware methodologies which allow relatively unskilled attackers to corral insecure IoT devices and use them to launch attacks, and access to ever higher bandwidth speeds.
Machine learning coming to mobile technology
Over 300 million smartphones, or more than a fifth of units sold in 2017, will have on-board neural network machine learning capability, i.e. computer models designed to mimic aspects of the human brain’s structure and function, with elements representing neurons and their interconnections. This capability will allow smartphones to perform machine learning tasks even when not connected to a network.
In the near term, most of the on-board machine learning capacity will be on consumer devices such as smartphones and tablets. Over time, the applications for the Internet of Things (IoT) devices may be more transformative, extending to possibilities to automated automobiles and more efficient medicinal dispensing machinery.
Users find tablet devices growingly obsolete
2017 sales of tablet computers (‘tablets’) fall by about 10% from 182 million units sold worldwide in 2016, indicating the device has passed its peak demand. Since their arrival, smartphones have taken the upper hand in the market, by becoming bigger and laptops becoming lighter.
Deloitte research in 15 developed markets reported that access to tablets of any size was 55%, while smartphones stood at 80%, and any computer (desktop or laptop) was 94%. 28 percent of respondents claimed they were likely to buy a new smartphone in the next 12 months, and 25 percent intended to buy a new computer (desktop or laptop).
IT-as-a-Service to become 35 percent of IT spend
By the end of 2018, spending on IT-as-a-Service, for data centres, software and services will be just under $550 billion worldwide. This would represent a rise of more than half from a forecast in 2016. The global trend transforms how the IT industry markets, sells and buys technology across businesses worldwide. The IT service industry is a viable and growing market, that offers sustainable opportunities for new business entrants to meet growing information technology demand. Assuming that rate of growth continues, Deloitte Global estimates that the market will be over $1,550 billion by 2018.
“In the developing world especially, there is an increasing demand for enteprises to use digital technology to provide telecommunications, financial and even medical assistance to people outside of urban areas. It is therefore evident that global trends point to an evolved consumer landscape of the 21st century, which has made driving access to faster and more affordable technology, especially via the smartphone, now a growing necessity rather than a luxury for the few,” concluded Marinelli.
Now in its 16th year, Deloitte Africa’s annual TMT Predictions provides an outlook on key trends over the course of the next 1-5 years in the technology, media and telecommunications industry sectors worldwide.
AvaTrade is a reputable broker that features an interface that makes copy trading easy to use for beginners. Customers of AvaTrade have access to a variety of trading platforms. AvaTrade is considered a leading broker, when compared to rivals such as with AvaTrade vs. eToro.
Manual traders have access to both the mobile interface AvaTradeGo and the popular desktop platform MetaTrader4 (MT4). AvaTradeGo is a mobile version of MT4.
Pros and Cons
Broad range of tradable instruments
High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources
Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from
Average spread from
No commission on Forex
First Deposit Bonus
24/5 – multilingual
Exness is an excellent choice for Forex trading in Botswana, especially for those looking for a low-cost broker they can trust. When opening an account with them, prospective traders in Botswana can take advantage of a Forex no deposit bonus, as Exness is widely regarded as one of the best Forex brokers in the country.
Since its founding in 2010, Pepperstone has experienced rapid growth. Both CFD and FX traders can take advantage of low spreads, fast support, and a variety of third-party platforms, including several social copy trading options.
Pros and Cons
No minimum deposit
Low trading fees for forex
No added costs for withdrawals or deposits
Limited number of instruments
No additional research tools
Minimum deposit from
Average spread from
$3.76 commission per lot per trade
OctaFX is an electronic communication network (ECN) Forex broker that facilitates CFD trading in a wide range of underlying assets. In addition to its many trading accounts, OctaFX also offers extensive research tools, copy trading, bonus promotions, and more.
Pros and Cons
No VPS available
More than 30 forex pairs available
No Forex educational tools
Minimum deposit from
Average spread from
50% Deposit Bonus
A common name in the field of foreign exchange, XM is a household brand. Trading on XM’s improved MetaTrader 4 and MetaTrader 5 platform provides access to over a thousand assets at competitive costs.
Pros and Cons
Low minimum deposit
Comprehensive educational offering
Streamlined account opening process
Inactivity fee charged after 90 days on live accounts
The recent study on youth entrepreneurship in Botswana has identified difficult access to funding, land, machinery, lack of entrepreneurial mindset and proper training as serious challenges that continue to hamper youth entrepreneurship development in this country.
The study conducted by Alliance for African Partnership (AAP) in collaboration with University of Botswana has confirmed that despite the government and private sector multi-billion pula entrepreneurship development initiatives, many young people in Botswana continue to fail to grow their businesses into sustainable and successful companies that can help reduce unemployment.
University of Botswana researchers Gaofetege Ganamotse and Rudolph Boy who compiled findings in the 2022 study report for Botswana stated that as part of the study interviews were conducted with successful youth entrepreneurs to understand their critical success factors.
According to the researchers other participants were community leaders, business mentors, Ministry of Trade and Industry, Ministry of Youth, Gender, Sport and Culture, financial institutions, higher education institutions, non-governmental institutions, policymakers, private organizations, and support structures such as legal and technical experts and accountants who were interviewed to understand how they facilitate successful youth entrepreneurship.
The researchers said they found that although Botswana government is perceived as the most supportive to businesses when compared to other governments in sub-Saharan Africa, youth entrepreneurs still face challenges when accessing government funding. “Several finance-related challenges were identified by youth entrepreneurs. Some respondents lamented the lack of access to start-up finance, whereas others mentioned lack of access to infrastructure.”
The researchers stated that in Botswana entrepreneurship is not yet perceived as a field or career of choice by many youth “Participants in the study emphasized that the many youth are more of necessity entrepreneurs, seeing business venturing as a “fall back. Other facilitators mentioned that some youth do not display creativity, mind-blowing innovative solutions, and business management skills. Some youth entrepreneurs like to take shortcuts like selling sweets or muffins.”
According to the researchers, some of the youth do not display perseverance when they are faced with adversity in business. “Young people lack of an entrepreneurial mindset is a common challenge among youth in business. Some have a mindset focused on free services, handouts, and rapid gains. They want overnight success. As such, they give up easily when faced with challenges. On the other hand, some participants argue that they may opt for quick wins because they do not have access to any land, machinery, offices, and vehicles.”
The researchers stated that most youth involved in business ventures do not have the necessary training or skills to maintain a business. “Poor financial management has also been cited as one of the challenges for youth entrepreneurs, such as using profit for personal reasons rather than investing in the business. Also some are not being able to separate their livelihood from their businesses.
Lastly, youth entrepreneurs reported a lack of experience as one of the challenges. For example, the experience of running a business with projections, sticking to the projections, having an accounting system, maintaining a clean and clear billing system, and sound administration system.”
According to the researchers, the participants in the study emphasized that there is fragmentation within the entrepreneurial ecosystem, whereby there is replication of business activities without any differentiation. “There is no integration of the ecosystem players. As such, they end up with duplicate programs targeting the same objectives. The financial sector recommended that there is a need for an intermediary body that will bring all the ecosystem actors together and serve as a “one-stop shop” for entrepreneurs and build mentorship programs that accommodate the business lifecycle from inception to growth.”
Botswana Housing Corporation (BHC) is said to have recorded an operating surplus of P61 Million, an improvement compared to the previous year. The housing, office and other building needs giant met with stakeholders recently to share how the business has been.
The P61 million is a significant increase against the P6 million operating loss realized in the prior year. Profit before income tax also increased significantly from P2 million in the prior year to P72 million which resulted in an overall increase in surplus after tax from P1 million prior year to P64 million for the year under review.
Chief of Finance Officer, Diratsagae Kgamanyane disclosed; “This growth in surplus was driven mainly by rental revenue that increased by 15% from P209 million to P240 million and reduction in expenditure from P272 million to P214 million on the back of cost containment.” He further stated that sales of high margin investment properties also contributed significantly to the growth in surplus as well as impairment reversals on receivables amounting to P25 million.
It is said that the Corporation recorded a total revenue of P702 million, an 8% decrease when compared to the P760 million recorded in the prior year. “Sales revenue which is one of the major revenue streams returned impressive margins, contributing to the overall growth in the gross margin,” added Kgamanyane.
He further stated professional fees revenue line declined significantly by 64% to P5 million from P14 million in the prior year which attributed to suspension of planned projects by their clients due to Covid-19 pandemic. “Facilities Management revenue decreased by P 24 million from P69 million recorded in prior year to P45 million due to reduction in projects,” Kgamanyane said.
The Corporation’s strength is on its investment properties portfolio that stood at P1.4 billion at the end of the reporting period. “The Corporation continues its strategy to diversify revenue streams despite both facilities management income and professional fees being challenged by the prevailing economic conditions that have seen its major clients curtailing spending,” added the CEO.
On the one hand, the Corporation’s Strategic Performance which intended to build 12 300 houses by 2023 has so far managed to build 4 830 houses under their SHHA funding scheme, 1 240 houses for commercial or external use which includes use by government and 1 970 houses to rent to individuals.
BHC Acting CEO Pascaline Sefawe noted that; BHC’s planned projects are said to include building 336 flat units in Gaborone Block 7 at approximately P224 million, 100 units in Maun at approximately P78 million, 13 units in Phakalane at approximately P26 million, 212 units in Kazungula at approximately P160 million, 96 units at approximately P42 million in Francistown and 84 units at approximately P61 million in Letlhakane. Emphasing; “People tend to accuse us of only building houses in Gaborone, so here we are, including other areas in our planned projects.”