Masdar and Presight Unveil AI Tool to Revolutionize Renewable Energy and Smart City Management

October 16, 2024
Masdar and Presight Unveil AI Tool to Revolutionize Renewable Energy and Smart City Management
  • The collaboration is expected to transform the renewable energy sector by uncovering insights and predicting maintenance needs, ultimately optimizing operations for government and business entities.

  • The MoU between Presight and ISS emphasizes sustainable city management, including energy efficiency, waste management, and water management through AI innovations.

  • Masdar is set to enhance its operational model from reactive to predictive through a new AI tool, aimed at boosting efficiency, preventing failures, and increasing energy production.

  • The renewable projects at Masdar generate billions of daily data points from equipment such as solar panels and wind turbines, which can be analyzed for valuable insights.

  • CEO Mohamed Jameel Al Ramahi emphasized the economic opportunities that arise from the synergy between AI and energy, paving the way for a sustainable future.

  • In a significant move, Presight, a leading big data analytics company in the UAE, launched the Presight Intelli Platform powered by Generative AI, aiming to leverage AI for societal impact.

  • Presight's CEO highlighted the operational needs of clean energy, noting the opportunity to develop tools that enhance efficiency and predict maintenance requirements.

  • Presight and ISS have announced a new commercial framework agreement to expand their strategic partnership, focusing on enhancing research and development in AI technologies.

  • The collaboration will also create AI-powered tools to improve citizen engagement and the delivery of essential public services.

  • Both companies plan to develop predictive urban models to simulate urban development scenarios, focusing on optimizing land use and assessing environmental impacts.

  • ISS will implement Presight's AI-driven data analytics solutions across its Smart City and Intelligent Transportation Solutions projects in North and South America.

  • Government Technology Advisor Martin Yates praised the platform's capability to provide real-time intelligence, enhancing long-term investment confidence.

Summary based on 19 sources


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