Abu Dhabi: Presight, the UAE’s leading big data analytics company powered by AI has conveyed its support for energy transformation for the newly revealed ENERGYai solution at ADIPEC 2024. The announcement, made ahead of Presight’s own Q3 2024 results, underscores the company’s strategic vision for growth within the energy sector.
ENERGYai, designed by ADNOC and AIQ in collaboration with G42 and Microsoft, is set to revolutionize the global energy value chain with the possibility to scale across ADNOC’s entire operations. Presight, which holds a majority stake in AIQ—a joint experience with the Abu Dhabi National Oil Company (ADNOC)—has highlighted that its involvement with ENERGYai illustrates a significant milestone in the company’s energy sector expansion. The solution is a collective effort aimed at harnessing cutting-edge data analytics and AI technologies to enhance decision-making strategies and operational efficiency within the energy industry.
Ram Meyoor, CFO of Presight, commented on the acquisition of a majority stake in AIQ earlier this year, explaining it as a key step in the company’s broader strategy for inorganic growth. Ram Meyoor stated that, “Our support for this industry highlights our dedication to driving growth and increasing shareholder value.”
ENERGYai, powered by the collaborative expertise of ADNOC, AIQ, G42, and Microsoft, is desired to transform the way energy companies operate, optimizing resource management and raising performance across various stages of the energy value chain. With its AI-driven capabilities, the solution aims to open efficiencies, enhance sustainability, and foster innovation within the sector.
Presight’s continued investment in AI-driven solutions aligns with its overarching mission to leverage big data and analytics to translate complex challenges, drive business outcomes, and contribute to the evolution of safer, healthier, and more sustainable societies.