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.
