A YOUNG Falkirk company has become Scotland’s first and only the sixth in the UK to join two “elite” world organisations – the World Economic Forum’s Global Innovators Community and its Centre for the Fourth Industrial Revolution.

Obashi Technology helps companies and their employees to see data flow and has revolutionised how they map and model the interconnectivity between people, business processes and technology.

In the four years since Fergus Cloughley and Paul Wallis founded Obashi it has become well established in the field, and has developed its own dataflow methodology on a cloud platform.

Mapping how data flows can enable firms to see how each asset makes a service or process work and Obashi said its methodology allows people to visualise the implications should one of these links fail.

“There is now a growing understanding around the world that the flow of data must be treated like every other utility – the flow of water, flow of electricity, and the flow of oil and gas,” a statement from Obashi said.

“All of these flows need to be understood, and the flow of data is no different.”

READ MORE: Scottish technology leading fight against child sex abuse

The Global Innovators Community is an invitation-only group of the world’s most promising start-ups and scale-ups at the forefront of technological and business model innovation.

The World Economic Forum gives its members a platform to engage with public and private sector leaders and to contribute new solutions to overcome current crises and build future resiliency.

Cloughley, Obashi’s CEO, said: “Dataflow 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.”

Jane Morrison-Ross, CEO of ScotlandIS, said: “This dataflow model underpins both the fourth industrial revolution and our ability to become a true digital nation. We are extremely proud that a Scottish company is at the heart of this, creating this framework to unlock our digital potential at a global level.”

Eamonn Keane, head of cyber and innovation at the Scottish Business Resilience Centre, said: “We congratulate Obashi in their selection to the World Economic Forum’s Global Innovators Community and on their continued growth and success.

“The Obashi Platform can provide an excellent solution in understanding key data streams within an organisation to enhance the business process and cyber resilience.

“Protecting the organisational ‘crown jewels’ grows with importance.

“Obashi technologies can greatly assist in addressing the increasing regulatory and compliance framework requirements and the ever-growing threat of cyber malfeasance.”