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Abu Dhabi-based technology company NEXT50 has launched PLATFORM50, a one-stop solution to help organizations maximize business value and address future challenges.
The announcement was made at NEXT50’s inaugural Executive Day – highlighting the latest state-of-the-art technologies, including artificial intelligence (AI) and real-world applications that are accelerating a data-driven future in three key industries – — Mobility, Logistics and Utilities. The NEXT50 Executive Day saw the presence of key UAE industry leaders.
AI will contribute up to US$15.7 trillion to the global economy by 2030, with the Middle East alone contributing US$320 billion, PLATFORM50 aims to support organizations to accelerate the adoption of AI, advanced analytics-based solutions and automation to meet their needs growth and sustainable development goals.
The launch is in line 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, with AI expected to contribute 13.6% of the UAE’s GDP by the end of the decade World Economic Forum release of a report.
The transformative impact of artificial intelligence has led to a surge in data volumes—according to PwC, industrial data is doubling roughly every two years, and the global data economy will be worth more than $400 billion by 2025. PLATFORM50 enables organizations to store and share all types of data and supports lifecycle data management strategies.
Scalable big data platform with four agile, innovative modules that brings together people, assets, and data and provides benefits that support full lifecycle data management strategies, access real-time advanced analytics, provide organizations with more effective digital transformation, and Leverage data insights to drive cost efficiencies:
1. EXA DATA CLOUD: Cloud management module for provisioning storage and computing, monitoring operations and overview security
2. EXA DATA HUB: A unified big data management solution suite with out-of-the-box solutions for data management and convenient operation and maintenance
3. EXA DATA STUDIO: Exa Data Studio is a data lifecycle activity management tool to centrally manage all your ELT needs
4. EXA AI: As a one-stop data science platform, Exa AI provides a visual low-code interface to quickly build machine learning models
Ibrahim Al Mannaee, CEO of NEXT50, said: “Artificial intelligence, machine learning and data, backed by deep industry expertise, have the potential to transform the way businesses operate. Artificial intelligence will have a profound impact on the growth of the non-oil sector in the UAE. The contribution of intelligence to its economic and industrial sectors is growing by 34% annually. To accelerate this transformation, a future-proof, cloud-agnostic platform that provides full lifecycle management is a must to capitalize on this $96 billion opportunity in the UAE. As Abu Dhabi A pioneer in industrial AI at the forefront of technology vision, we are proud to introduce PLATFORM50, an end-to-end solution designed to solve the most pressing challenges facing enterprises on their AI and data journey.”
Ussama Dahabiyeh, CEO of Injazat, said: “AI-driven processes and data-driven insights are revolutionizing traditional value chains and designing new business models in Industry 4.0. The disruptive potential of these technologies requires the development of digital platforms like PLATFORM50. Prioritized Solutions – which bring together NEXT50’s industry experience and the possibilities of a data-driven AI approach to revolutionize the highly dynamic platform economy.”
Naim Yazbeck, General Manager, Microsoft UAE, said: “Regional businesses are actively adopting AI-based solutions and services to transform the way they operate. The launch of PLATFORM50 is timely as it will support the industrial sector by leveraging new technologies, accelerating processes and becoming more future-proof. Changes to enhance operations, enabling precise AI-based decision-making.
“At Microsoft, we’re excited to support NEXT50 on this important journey, leveraging Azure data and AI services and the Microsoft Commercial Marketplace as an expansion engine for global reach and partnerships within the ecosystem.”
PLATFORM50 delivers effective digital transformation through the use of data insights, and through the capabilities of NEXT50’s data scientists and subject matter experts, providing access to real-time advanced analytics and unlocking cost efficiencies, data can be restructured to leverage it to achieve business outcomes. – trade arab news agency
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