MTN, a telecommunications giant, is undergoing a significant transformation to evolve into a technology company. This strategic shift is driven by the need to diversify revenue streams and adapt to the changing technological landscape.
One of the key initiatives in this transformation is Chenosis, a big data company launched by MTN in 2023. Chenosis aims to harness the vast amount of data collected by MTN over the years to develop innovative products and services. By analyzing user behavior patterns, Chenosis can identify opportunities for new ventures and improve existing offerings.
Some of the key areas where Chenosis is focusing include:
- API Development: Providing developers with access to MTN’s APIs to create innovative applications and services.
- Low-Code/No-Code Platforms: Empowering businesses to build applications without extensive coding knowledge.
- Credit Scoring: Leveraging data analytics to assess the creditworthiness of individuals, particularly those who are traditionally underserved by financial institutions.
To facilitate this transformation, MTN is investing heavily in technology and talent. The company is working to cultivate a culture of innovation and experimentation, encouraging employees to think outside the box and explore new possibilities.
While the transition to a tech company is a complex and challenging endeavor, MTN is committed to realizing its vision. By embracing emerging technologies and focusing on data-driven insights, the company aims to secure its position as a leading player in the digital economy.
