MAYS IBRAHIM (ABU DHABI)
The UAE is fast becoming a global hub where advanced technology firms are unlocking AI's transformative potential, said Thomas Pramotedham, CEO of Presight, a leading big data analytics company in an exclusive interview with Aletihad.
"It is an incredibly exciting period with near-weekly new technological developments, partnerships, and commercial agreements taking place in the country," he said.
PwC forecasts that AI will contribute $15.7 trillion to the global economy by 2030, with $96 billion of that happening in the UAE.
Pramotedham noted that the UAE has long been at the forefront of AI thanks to its Strategy for Artificial Intelligence 2031, which sets out a clear vision to position the country as a world leader in the technology space.
He affirmed that Presight, along with its majority shareholder G42, is committed to propelling this strategy by driving innovative AI applications across various industries and integrating them into public services to improve the quality of life for residents.
ENERGYai: Groundbreaking AI Solution for the Energy Sector
One of Presight's most significant achievements in the past year is its contribution to the development of ENERGYai, a cutting-edge solution that promises to revolutionise the energy sector.
Created in collaboration with ADNOC, AIQ, G42, and Microsoft, ENERGYai leverages advanced AI to optimise the energy value chain in a manner that ensures operational efficiency, sustainability and emissions reduction.
"ENERGYai reflects Presight's goal to create sector-specific AI applications that support the UAE's digital transformation, and to pave the way for real-world applications that support global environmental targets and energy transitions," said Pramotedham.
ENERGYai is designed to integrate seamlessly into existing workflows, using large language models (LLMs) and specialised "agentic" AI to make quick independent decisions across ADNOC's value chain.
"These specialised AI agents bring a new level of autonomy and precision to critical tasks, from seismic analysis to energy efficiency and real-time process monitoring. Designed for seamless integration into existing workflows, the agents harness state-of-the-art machine learning and predictive analytics, improving decision-making and operational efficiency," Pramotedham explained.
The Road Ahead: Scaling AI for Global Impact
With the global energy sector facing increasing demand for sustainability and operational efficiency, Presight's focus on AI solutions like ENERGYai is accelerating the UAE's energy transition.
The company is also making significant strides with its joint venture, IntelliGrid, formed with Esyasoft to optimise existing energy grid infrastructure using AI and big data analytics.
Looking to the future, Presight is focused on scaling its AI-driven solutions and expanding its global footprint.
"We found that enterprises sought integrated AI solutions that could enhance decision-making, optimise operations, and help them stay on top of compliance, especially in fast-moving sectors," said Pramotedham.
Recognising this demand, the company has launched a suite of new products this year, such as Enterprise AI Suite, which enables the rapid deployment of AI applications to drive business value.
Presight's Intelli Platform, unveiled during GITEX, uses AI to transform operations and management of the urban realm, while Presight DataHub, a sovereign enterprise data marketplace platform, allows organisations to create data products, realise value and seamlessly exchange data.
The company also recently introduced the Presight Report Optimiser, a no-code report generator that helps users retrieve, organise, and analyse data from various public and private data sources.
A Milestone Year
Presight saw a strong growth trajectory in 2024, with a 16.2% increase in pre-tax profit in Q3.
Reflecting on these results, Pramotedham said, "We are bringing 'Applied Intelligence' to the private and public sector, accelerating the adoption of advanced AI capabilities and launching cutting-edge Applied AI products and solutions that expand our international footprint and support our long-term growth ambitions."
Earlier this year, Presight acquired a 51% majority stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42.
"With AIQ as part of Presight, we will be introducing solutions to a global audience so that energy sector players around the world can harness the power of AI to make operations safer, more efficient and more sustainable, and to extract the maximum return from precious natural resources," he said.