ADNOC, G42 and Presight partner to accelerate AI solutions
Published by Poppy Clements,
Editorial Assistant
Hydrocarbon Engineering,
The transaction will combine AIQ's breakthrough AI energy solutions with Presight's cross-sector big data analytics, product development, and international markets access to position AIQ as a leading energy-focused AI organisation. By integrating AIQ and Presight's big data analytics and AI offerings, the companies will realise operational efficiencies and synergies while meeting a wider array of customer requirements, and deliver greater value for ADNOC, Presight, G42 and the UAE.
H.E. Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: “The UAE has embraced AI to drive productivity, economic growth and social advancement, with ADNOC laser-focused to become the world’s most AI-enabled energy company, delivering smarter, cleaner and safer energy to the world. Our partnership with Presight will further AIQ’s capabilities, advance ADNOC’s ambition to pioneer technology and AI to build the energy system of tomorrow, with data integration from the control room to the board room. Through this collaboration, I am confident that AIQ will become the energy industry’s leading AI company, delivering enhanced value to Abu Dhabi and the UAE.”
AI is revolutionising entire sectors and ADNOC aims to be the most AI-enabled company in the energy industry. For decades, ADNOC has developed its digital infrastructure, enabling the company to rapidly expand its business, unlock untapped opportunities, and responsibly supply energy to meet customer needs. In 2023, ADNOC announced that it generated US$500 million (AED 1.84 billion) in value by deploying AI solutions, from the integration of over 30 industry-leading AI tools across its full value chain, from field operations to smarter and quicker corporate decision making. Together, these applications also abated up to 1 million t of carbon dioxide (CO2) emissions between 2022 and 2023.
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/02052024/adnoc-g42-and-presight-partner-to-accelerate-ai-solutions/
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