Scottish first as Falkirk company to advise World Economic Forum

A leading data flow firm based in Carron has become the first Scottish company to join the World Economic Forum’s Global Innovators Community.

By Jonathon Reilly
Friday, 20th November 2020, 7:00 am

Obashi Technology Ltd, which operates from the site of the former Carron Ironworks, is only the sixth UK business to be asked to become part of the community, as well as its Centre for the Fourth Industrial Revolution.

The World Economic Forum’s community is a select, invitation-only group of the world’s most promising start-ups and scale-ups at the forefront of technological and business model innovation.

Obashi has created a flexible data flow governance model that allows governments, businesses and other organisations to understand, and unlock, their data flow potential.

Obashi Technology Ltd is based at the site of the former Carron Ironworks. Picture: Michael Gillen.

The World Economic Forum recognises that understanding data flow is fundamental to shaping and advancing the fourth Industrial Revolution.

A recently published White Paper suggests nations will not be able to harness the social and economic benefits of the fourth industrial revolution if they do not understand it

Sheila Warren, head of blockchain, digital assets and data policy at the World Economic Forum, said: “We are excited to work with Obashi given their focus on data flows as a key to accessing the opportunities of the new global data economy.”

The Scottish Qualifications Authority (SQA) has linked up with Obashi to develop data flow units in its Higher National qualifications in computing, cyber security and business.

The units introduce learners to a methodology of mapping digital data flow in a business environment and are currently being delivered across colleges in Scotland.

Obashi is also working closely with the University of Glasgow on various on projects including simulating socio-technical behaviours within large scale complex systems and with the University of Strathclyde on global regtech and fintech challenges.

A professional accreditation for Obashi’s data flow methodology is also available worldwide via APMG International Ltd.

Fergus Cloughley, CEO of Obashi, said: “Data flow underpins every industry on the planet, and it’s exciting and heartening to now see it being recognised as a vital global utility and a key component part of the Fourth Industrial Revolution.

“We’re delighted to be the first Scottish company to begin collaborating with the World Economic Forum and other technology leaders as part of the Global Innovator’s Community.”

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