Abu Dhabi, UAE — NEXT50 today launched PLATFORM50, a one-stop-shop solution for organizations to maximize business value and address tomorrow’s challenges.
The announcement was made at NEXT50’s inaugural Executive Day – which spotlighted the latest in state-of-the-art technologies including artificial intelligence (AI) and real-world applications accelerating a data-driven future in three key industries – mobility, logistics, and utilities.
The NEXT50 Executive Day saw the attendance of key industry leaders in the UAE.
With AI is set to contribute up to $15.7 trillion to the global economy in 2030 and $320 billion to the Middle East alone, PLATFORM50 is designed to support organizations as they accelerate the adoption of AI, advanced analytics-based solutions, and automation to meet their growth and sustainability goals.
The launch aligns with the UAE 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.
The AI is expected to contribute 13.6 percent of the UAE’s GDP by the end of the decade based on a report published by the World Economy Forum.
The transformative impact of Al has led to an upsurge in the volume of data – industrial data is doubling roughly every two years and the global data economy 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 lifecycle data management strategy.
The scalable big data platform features four agile, innovative modules that convene people, assets, and data and offers the benefits of supporting a full lifecycle data management strategy.
This also includes access to real-time advanced analytics, delivering on a more effective digital transformation for organizations, and leveraging data insights to unlock cost efficiencies.
Ibrahim Al Mannaee, CEO – NEXT50, said, “AI, machine learning, and data, underpinned by deep industrial expertise, have the potential to transform the way businesses operate.”
Naim Yazbeck, General Manager at Microsoft UAE, said, “At Microsoft, we are delighted to be supporting NEXT50 on this important journey leveraging Azure Data & AI Services & Microsoft Commercial Marketplace as an expansion engine for global reach & partnership within the ecosystem.”
