ADNOC’s more than 30 AI tools unlock significant value across Group’s full value chain: Ibrahim Al-Zubi

Ibrahim Al-Zubi, Group Chief Sustainability & ESG Officer at ADNOC Group, said that ADNOC Group has been an early adopter of artificial intelligence (AI) techniques to achieve sustainability.

ADNOC’s more than 30 AI tools have unlocked significant value across the Group’s full value chain, as the company announced recently that it had generated $500 million in value by deploying AI solutions in 2023.

In a statement to the Emirates News Agency (WAM) on the sidelines of the Global Sustainability Forum in Abu Dhabi today, Al-Zubi added that the forum witnessed the launch of a digital platform for startups working in the field of artificial intelligence and sustainability systems to accelerate the achievement of sustainable development goals, in partnership with the CEO Sustainability Network and the IBM, to accelerate the application of artificial intelligence technologies at government and private levels.

He pointed out that the digital platform will receive all ideas from companies and individuals that can be applied in the UAE and the region, and will work with partners to pilot the AI solutions offered and benefit from these experiences, noting that the current focus is on building young Emirati and Arab cadres, thus enhancing the UAE’s position as a global beacon for the application of AI solutions in the field of sustainable development globally.

“The second edition of the Global Sustainability Forum, which kicked off today, witnessed the participation of more than 460 participants and 85 companies from the UAE and around the world, compared to 85 participants and 23 companies in the first edition of the forum held during COP28,” said Ibrahim Al-Zubi, noting that the forum has managed to achieve four times the targeted goals in one year.

The Forum is an open platform to build on the momentum and achievements of the first Global Sustainability Forum, held on the sidelines of COP28 and hosted by the UAE. It is also an opportunity to support the realisation of the global climate change goals set out in the UAE Consensus and pave the way for more fruitful outcomes ahead of the upcoming COP29 climate change conference.

Source: www.wam.ae

Newsletter

Fintech Future Summit Bengaluruspot_imgspot_imgspot_imgspot_img
the financial
the financial
Top platform for impactful conferences, news, and networking opportunities. Stay Connected. Stay Informed. Stay Ahead with The Financial
spot_imgspot_imgspot_imgspot_img

Gold crosses Rs 95,000 for the first time: Should you buy, sell or hold?

Your asset allocation, rather than gold price movements, should dictate your investment calls, say financial advisors. They recommend a 10-15 percent allocation to gold...

Closing Bell: Saudi benchmark index edges up to close at 11,626 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 73.62 points, or 0.64 percent, to close at 11,626.60.  The total trading turnover of...

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...