"The expression “the love of adventure pushes entrepreneurs to leave
typical businesses and shift towards taking risks in pioneer works” best
applies to 26-year old Saudi Ahmed Bukhamseen." inform Al-Arabiya English.
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Saudi entrepreneur, Ahmed Bukhamseen, 26, established Quant Data and Analytics – a company specialized in business intelligence platforms.
Photo: Saudi Gazette |
He left work at a global
corporation to become an entrepreneur, and established Quant Data and
Analytics – a specialized company in the field of data science, data
analysis, visualization and integration in Business Intelligence
platforms that transforms raw data into information to empower
organizations in the decision making process.
Bukhamseen
graduated from King Fahd University of Petroleum and Minerals with a
Bachelor’s degree in actuarial science and financial mathematics, a
sub-specialization concerned with data analysis and study, and which
uses mathematical and statistical methods to estimate the amount of
risks in insurance and financial industries.
After
graduation in 2013, Bukhamseen moved to Bahrain to work as a actuarial
analyst at Lux Actuaries & Consultants, one of the leading global
companies in the field of actuarial consulting services, with locations
in eight countries. In late August 2015, the story of Quant Company
began when Bukhamseen decided to exploit the actuarial science and turn
it into the first project in Saudi Arabia that provides data analysis
and presentation of the customers’ businesses for their further growth
and achievement of the best possible returns on investments.
Bukhamseen
believed in his idea and in the need of the Saudi market, one of the
largest markets in the region for such advanced sciences and services.
So he began taking the project seriously and conducted feasibility
studies to establish Quant. The turning point in his life was his
decision to resign from his job at the end of October 2015 and return to
Saudi Arabia to begin the implementation phase of his personal project.
The beginning
In early 2016,
Bukhamseen joined Wa›ed entrepreneurship program, a subsidiary of Saudi
Aramco in Dhahran in the Eastern Province. Over the course of four
months of training and learning, he was able to gain an experience that
qualifies him to launch his project in the market.
At
this time, it was appropriate for the Saudi young dreamer to tell some
of his school friends to join him in the actuarial science and financial
mathematics project. Bukhamseen did not stop there. He persuaded some
of his employed friends who were busy climbing the shining career ladder
in the corporate world to resign from their posts and engage with him
as partners in the project.
Bukhamseen
recalls that moment, saying: “I told everyone that I left my job to
follow my dream of establishing my new personal project. Many advised me
to wait and not to take risks, for the job was prestigious and I have
only been there for a short time. However, I insisted that most people
who succeed in mega projects at our time only had their experience and
education and believed that education, proper thinking and perseverance
are key factors for the success of any business project.”...
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Quant officially launched as the first company in Saudi Arabia in the field of data sciences and actuaries together and mixing between the work of actuarial analysts and data engineers.
(Twitter) |
Actuarial sciences
After many
Saudi companies realized the importance of actuarial sciences and
financial mathematics to develop businesses and achieve the highest
return, Quant began to expand its projects and conclude new contracts,
the latest being the agreement with “Morni” Company to provide actuarial
services and data sciences consultancies for the pricing of products
and services in the “Morni” application, which works as an instantaneous
interactive electronic platform based on the Internet and positioning
services to connect users in need of any service related to
transportation and roadside assistance with the service providers
through an application for smart phones.
After
that, the company signed another agreement with Foodics specialized in
the restaurants› point-of-sale platforms. Then, the company started to
expand abroad, especially in Dubai and Bahrain, and concluded several
agreements with a number of operating companies in those markets.
Read more...
Source: Al-Arabiya English
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