The Abu Dhabi National Oil Company or ADNOC is the leading state-owned oil company of the United Arab Emirates while Group 42 also known as G42, is an artificial intelligence and cloud computing company that was founded in Abudhabi, United Arab Emirates. The organization focus to be working towards the evolution of AI industries in the government sector, healthcare, finance, oil and gas, aviation, and hospitality.
Abu Dhabi National Oil Company (ADNOC) went into partnership with Group 42 and established a venture company named AIQ intending to focus on developing Artificial Intelligence technologies in the UAE.
It will also develop as well as commercialize products as well as applications for the oil and gas industry. It had been on work on several AI-Powered projects such as managing performance, reservoir modeling, corrosion detection as well as product quality.
This partnership with ADNOC provides the ability to manufacture AI tools for the upcoming oil and gas industry. With the help of a specialized team of IT experts, they are looking forward to developing new cutting edge solutions. AI upon collaboration with G24s supercomputing capabilities will work together in unlock as well as inspire new approaches in exploring, production, transportation as well as processing and distribution of sales as said by Xiao.
Abu Dhabi-based Company G42 consists of experts skilled in AI modeling, supercomputing, data scientist, as well as software engineers whereas ADNOC contributes to gaining access to the vast amount of data to the new company via domain expertise.
With this new venture, they can speed up in their AI solutions to optimize processes and simultaneously improving planning thereby increasing profitability for ADNOC as well as the wider oil and gas industry.
It allows ADNOC to develop AI solutions as well as applications in a more cost-effective way and strengthens Abu Dhabi’s position in terms of a global hub for AI and technology-driven industrial growth as well as development.
ADNOC is also known for its previous project undertakings such as AI, big-data-driven “Panorama Digital Command Centre” using its smart data analytics “Thamama Subsurface Collaboration Centre” which uses big data modeling tools for its value chain optimization, computer vision technologies, predictive maintenance, and usage of blockchain for hydrocarbon accounting.
Group42 has also announced its establishment of a self-owned subsidiary in Israel facilitating G42’s access to the Israeli talent pool advancing its technologies as well as resources. AI in collaboration with Machine learning has improved a lot and worked for betterment in terms of technological advancement in the coming future.