BEEAH has announced that it is developing a new “AI Executive” aimed at enhancing business decision-making.
The AI Executive is being developed on a proprietary Language Learning Model (LLM), which is capable of simplifying complex, historical data into meaningful insights. The company will then use these insights to inform decision-making, it shared.
According to the BEEAH, the AI Executive will be capable of understanding and providing information based on intuitive language queries, both written and spoken.
Further, the company shared that the AI Executive will use big data from BEEAH’s digital infrastructure to generate insights, with access management in place for data security and privacy, providing personalised recommendations based on relevant individual attributes.
BEEAH noted that it has already formed a team to develop the AI Executive in-house and is working with leading technology providers to ensure the solution is secure, effectively learns from the company’s historical data and provides tailored insights.
Commenting on the new AI Executive project, Khaled Al Huraimel, Group CEO and Vice Chairman of BEEAH, said: “As we grow and diversify as an organisation, we are constantly building systems, generating data and gaining intelligence across different functions and industry operations.:
Al Huraimel explained that BEEAH has been using future technologies proactively over the last decade, including AI and digital twins.
“The new AI executive will be a singular source that unites and amplifies our digitalisation efforts to date, drawing data and authenticating our sources and systems to enable leadership and their teams to make well-informed, holistic decisions and accelerate innovation,” he said.
Adding: “The AI Executive will be a reliable, digital advisor that captures real-time data from across our digital systems and assets. Through text and speech, leadership can seamlessly gain the insights they need in a timely manner, enhancing visibility and promoting effective alignment across the organisation.”
The UAE is currently witnessing a big AI push, and in the wider region, the annual growth rate for AI is 20 to 34 per cent, with a potential impact of $320 billion by 2030, according to PwC.
However, the National Strategy for Artificial Intelligence of 2031 was launched almost a decade ago with the aim of being the most AI-prepared nation.
“In line with the national agenda for AI preparedness and economic diversification, BEEAH has continued to pursue AI over the past decade. The AI Executive is the next frontier of AI technology at BEEAH, acting as a singular source to bring together insights from all our systems, platforms and technologies in order to further drive innovation, efficiency, growth and ultimately add greater value to our stakeholders and cities of operation,” said Khaled Al Huraimel.