NEWS
FTSE data valued at £ 295 billion , according to research
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 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 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 .
53 % of companies lack AI skills to leverage rapid innovation
SoftwareOne , a leading global software and cloud solutions provider , has released further findings from its Cloud Skills Report , highlighting the need to bridge the human-machine divide .
The report revealed the biggest pain point for companies in their Digital Transformation efforts is ensuring employee skills growth matches the rapid rate of innovation . Over half ( 53 %) report currently having inadequate skills to leverage AI and 50 % of organisations are struggling to find AI skilled employees .
“ Rapid advancements in AI and Generative AI offer exciting prospects for companies worldwide , but organisations are sitting on a ticking talent time bomb if they don ’ t upskill and retrain their workforces now to fulfil the potential of AI ,” said Brian Duffy , CEO at SoftwareOne . “ Our research shows the overwhelming majority of organisations are planning to upskill their IT teams in order to fast-track AI adoption and accelerate the cloud journey . By putting people at the centre and showcasing how these innovations can enhance their roles rather than pose threats , organisations can cultivate a culture of empowerment and optimism that helps to increase retention , boost productivity and make work more meaningful .”
Twenty six percent of respondents said that the cloud skills gap has caused tension between themselves and their boss , while 46 % say it has caused tension within the team . Eighteen percent of respondents said they don ’ t feel comfortable asking for additional training to advance their skills .
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