NEXT50 has launched PLATFORM50, a one-stop-shop solution for organisations to maximise 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 and real-world applications accelerating a data-driven future in three key industries such as, 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 organisations as they accelerate the adoption of AI, advanced analytics-based solutions, and automation to meet their growth and sustainability goals.
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 organisations 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 convenes people, assets, and data and offers the benefits of supporting a full lifecycle data management strategy, access to real-time advanced analytics, delivering on a more effective digital transformation for organisations, and leveraging data insights to unlock cost efficiencies:
1. EXA DATA CLOUD: Cloud management module for provisioning storage & compute, monitoring operations, and overviewing security
2. EXA DATA HUB: Unified big data management solution suite with Out Of -Box solutions for data management and convenient operations & maintenance
3. EXA DATA STUDIO: Exa Data Studio is a data lifecycle activity management tool provisioning for central management of 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 – NEXT50, said: “AI, machine learning, and data, underpinned by deep industrial expertise, have the potential to transform the way businesses operate. AI will have a profound impact on the growth of the non-oil sectors in the UAE, seeing up 34 per cent annual growth of the contribution to AI to its economy and industry sectors. To accelerate this transformation, a future-proof, cloud-agnostic platform that offers full lifecycle management is an imperative to leverage this $96 billion opportunity in the UAE. As pioneers of Industrial AI at the forefront of Abu Dhabi’s technology vision, we are proud to launch PLATFORM50, an end-to-end solution to address the most pressing challenges businesses face on their AI and data journey.”
PLATFORM50 offers access to real-time advanced analytics and unlocking cost efficiencies by using data insights to deliver effective digital transformation and through the capabilities of NEXT50’s data scientists and subject matter experts can reorganise data in order to leverage it for business outcomes.