NEXT50, an Abu Dhabi-based technology company, has launched PLATFORM50, a one-stop solution for organizations to maximize business value and meet the challenges of tomorrow.
The announcement was made at NEXT50’s inaugural Executive Day – which highlighted the latest cutting-edge technologies, including artificial intelligence (AI) and real-world applications, accelerating a data-driven future in three key sectors – mobility, logistics and utilities. The NEXT50 Executive Day saw the participation of key industry leaders in the UAE.
With AI expected to contribute up to $15.7 trillion to the global economy in 2030 and $320 billion in the Middle East alone, PLATFORM50 is designed to help organizations accelerate AI adoption, advanced analytics-based solutions and automation to meet their needs. growth and sustainability goals.
The launch aligns with the UAE’s National Innovation Strategy and the UAE’s Fourth Industrial Revolution Strategy, which aims to contribute to the national economy by advancing innovation and future technologies, IA predicting to contribute 13.6% of the UAE’s GDP by the end of the decade based on a report published by the World Economy Forum.
Al’s transformative impact has led to an increase in data volume – industrial data is doubling approximately every two years and the global data economy is expected to be worth more than $400 billion by 2025, according to PWC. PLATFORM50 enables organizations to store and share all types of data as well as support data lifecycle management strategy.
The scalable big data platform includes four agile and innovative modules that bring people, assets, and data together and deliver the benefits of supporting a full lifecycle data management strategy, accessing advanced analytics in real time, deliver more effective digital transformation for organizations, and leverage data insights to unlock cost savings:
1. EXA DATA CLOUD: cloud management module for storage and compute provisioning, operations monitoring and security monitoring
2. EXA DATA HUB: Unified suite of big data management solutions with out-of-the-box solutions for data management and convenient operations and maintenance
3. EXA DATA STUDIO: Exa Data Studio is a data lifecycle activity management tool allowing the centralized management of all your ELT needs
4. EXA AI: As a one-stop-shop data science platform, Exa AI provides a low-code visual interface to quickly build machine learning models
Ibrahim Al Mannaee, CEO of NEXT50, said: “AI, machine learning and data, underpinned by deep industry expertise, have the potential to transform the way businesses operate. AI will have a profound impact on the growth of non-oil sectors in the UAE, with a 34% annual growth in the contribution of AI to its economy and industrial sectors. To accelerate this transformation, a scalable, cloud-agnostic platform that offers full lifecycle management is imperative to capitalize on this $96 billion opportunity in the UAE. As industrial AI pioneers at the forefront of Abu Dhabi’s technology vision, we are proud to launch PLATFORM50, an end-to-end solution to address the most pressing challenges businesses face on their journey to AI and data.
Ussama Dahabiyeh, CEO of Injazat, said, “AI-driven processes and data-driven insights are revolutionizing conventional value chains and designing new business models in Industry 4.0. The disruptive potential of these technologies necessitates the development of digital solutions like PLATFORM50 – which brings together the industrial experience of NEXT50 and the possibilities of data-driven AI methods to revolutionize the highly dynamic platform economy.
Naim Yazbeck, General Manager of Microsoft UAE, said, “Regional businesses are actively adopting AI-based solutions and services to transform their operations. The launch of PLATFORM50 is incredibly timely and will help the industrial sector improve its operational capabilities by using new technologies, speeding up processes and becoming more adaptable to upcoming changes, enabling accurate AI-based decision making.
“At Microsoft, we are excited to support NEXT50 on this important journey by leveraging Azure Data & AI services and Microsoft Commercial Marketplace as an expansion engine for global reach and ecosystem partnership. »
PLATFORM50 provides access to advanced real-time analytics and cost savings using data insights to drive effective digital transformation and, with the capabilities of NEXT50 data scientists and subject matter experts, they can reorganize data in order to exploit it for business results. – TradeArabia Press Service