Dr. Adel Alsharji, COO of Presight, tells CNME Editor Mark Forker, how the company’s suite of solutions and services are designed and tailored for the energy sector to become smarter and more sustainable in an exclusive interview for December’s edition of CNME.
Can you tell me more about Presight’s commitment to leveraging cutting-edge technology for a sustainable future?
We enable data-driven decisions that can help optimize resource-use, reduce emissions and enhance operational efficiency, by integrating AI-powered solutions into sectors such as energy, urban planning and logistics.
A prime example of this is AIQ, our energy sector-specific joint venture company with ADNOC. Powered by Presight’s expertise in big data analytics, AIQ has established itself as the leading provider of advanced AI solutions across the entire value chain of the energy sector.
The company develops tools that drive operational efficiency and improved safety, while also supporting the acceleration of sustainability ambitions.
Presight also addresses critical sustainability challenges through partnerships and innovative solutions.
For instance, we recently signed an MoU with Masdar – a partnership that represents a unique opportunity to develop a bespoke tool that consolidates all of the organization’s data, uncovers hidden insights and takes action to improve efficiency, predict maintenance needs, and ultimately increase the supply of renewable energy around the world.
How do initiatives like ENERGYai support global efficiency goals?
Initiatives like ENERGYai play a pivotal role in advancing global efficiency goals by leveraging AI and data-driven technologies.
By enabling faster, more accurate, and better-informed decision-making, ENERGYai allows tasks that once took months to complete, to be undertaken in days, and some cases in just a few hours.
These exponential efficiency gains have a direct impact on supporting the reduction of waste, and minimizes emissions – all while addressing industry challenges such as sustainability demands.
How are Presight’s AI-driven solutions driving sustainability in key industries, and paving the way for real-world applications that support global environmental targets and energy transitions?
Our solutions empower industries and businesses to operate smarter and more sustainably.
In the energy and climate sectors, our AI solutions can help drive efficiency, reduce the environmental impact of business operations, and improve grid stability.
When it comes to smart cities, our comprehensive solutions, such as the Presight Intelli Platform, revolutionize how cities are managed through efficient waste management and energy usage.
Our focus on real-world applications enables businesses to lower their carbon footprint and meet sustainability goals.
Presight has shown strong growth in Q3 2024, with a 16.2% increase in pre-tax profit and robust revenue figures. What are the key factors that contributed to this success?
Our third quarter continued the trend witnessed in the first half of the year, namely securing new domestic and international contracts, and concluding wide-ranging agreements and partnerships.
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.
To date, we have deployed more than 10 flagship technology solutions for our customers, across four continents and 25 distinct projects. Those figures are testament to the hard work and dedication of our team.
Presight has made considerable investments in AI solutions for the energy sector. How are technologies like ENERGYai helping to accelerate the UAE’s energy transition, and what role does Presight intend to play in this transformation?
Technologies such as ENERGYai, which is the world’s first agentic AI solution at this scale, enables faster, smarter, more targeted and efficient, and sustainable energy practices.
At Presight, we are accelerating the development of cutting-edge AI solutions for the energy sector through strategic partnerships, advanced GenAI solutions, data-driven analytics, and collaborative ventures.
Leveraging advanced GenAI, we enhance decision-making, operational efficiency, sustainability and safety in the energy sector. Our AI tools enable precise data-driven analysis and modeling, crucial for complex oil and gas operations.
Gen AI is going to transform the energy sector, but Gen AI also consumes a lot of energy, with the energy sector under pressure to meet sustainability targets. How can the two work together?
AI must be leveraged to address sustainability challenges while minimizing its environmental impact.
AI’s potential to transform energy production, distribution and efficiency is profound, especially when applied strategically in areas like waste reduction, energy efficiency and smart grids.
The energy demands of AI systems themselves can be mitigated by implementing AI-driven energy management solutions. It will also be important for the technology and energy sectors to collaborate in order to harness the power of AI to accelerate the energy transition – whilst securing innovative carbon-free energy solutions to address the growing energy demands of AI technology.
Here in the UAE, we’ve already seen this in action with efforts between ADNOC, Masdar and Microsoft aimed at ensuring the growing electricity demand of AI is met through a diverse mix of sustainable and carbon-free energy solutions.
