NEWS
FTSE data valued at £ 295 billion , according to research
The 10 largest sectors in the FTSE 350 hold data worth £ 295 billion within their organisations , according to research from Anmut , a leader in strategic data asset management .
Applying Anmut ’ s trademark data valuation methodology to assign a monetary value to the data from the top 10 sectors in the FTSE 350 , Uncovering the Hidden Value of Data reveals most firms in the UK do not know – or significantly underestimate – the value of their data .
Ananya Samuel , Head of Data Valuation at Anmut , said : “ Few businesses are realising the full potential of their data . If businesses can learn to fully understand and then harness the power of their data , it could revolutionise our society , creating better outcomes for businesses , the environment , the economy and the nation as a whole .”
Simon Ferriter , Chief Executive Officer at Anmut said : “ We ’ re on the cusp of a seismic shift in how we think about data . Most organisations are stuck in a 20th century way of operating , with data as an afterthought .
“ The gap is rapidly widening between businesses that are data-led and those that are not , with a direct correlation between data-centricity and growth . It ’ s crucial that companies start using their data to its full potential , which begins by uncovering its value .”
On average , the banking industry has the highest value data , at £ 72 billion , the equivalent of 31 % of the market capitalisation .
Ooredoo FinTech launches walletii FinTech solution in Oman
Unveiled by Ooredoo FinTech , OFTI , a wholly owned subsidiary of Ooredoo Group and Ooredoo Oman , walletii translates to my wallet in Arabic , reflecting its purpose as a user-friendly mobile wallet designed to upgrade and simplify financial transactions for consumers and merchants .
Scheduled to launch later this summer in Oman , the walletii app will enable users , regardless of whether they are Ooredoo customers , to make payments , send and receive money both domestically and internationally , while earning rewards easily and securely . The app will also feature chat-like payments for a more intuitive and seamless user experience .
Aziz Aluthman Fakhroo , Group CEO , Ooredoo , commented on the launch : “ We thank the Central Bank of Oman for awarding us with the license to operate walletii . This endorsement allows us to contribute significantly to the FinTech sector in Oman . Our goal is to provide consumers with an easy , secure and costeffective financial tool that upgrades their everyday lives .”
This launch marks a significant milestone in Ooredoo ’ s strategy to extend the successful Ooredoo Money platform from Qatar to the broader MENA region .
Mirko Giacco , CEO of Ooredoo FinTech , expressed his enthusiasm about the new venture : “ walletii by Ooredoo was designed to deliver superior usability and exceptional customer experience , upgrading how people manage their finances in Oman . By offering a seamless and secure digital wallet experience , we aim to empower consumers and businesses alike , driving financial inclusion and innovation across the region .”
The establishment of Ooredoo FinTech as a wholly owned FinTech holding company is a strategic move by Ooredoo Group to strengthen its position as the digital infrastructure provider , operating in core telecom services , data centres and FinTech . The objective of Ooredoo FinTech is to financially empower people and businesses across the MENA region . Oman leads as the inaugural market for this exciting new FinTech brand . �
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