PETRONAS, AIQ partner to develop artificial intelligence solutions for global energy sector
(WO) – PETRONAS and AIQ, an Abu Dhabi-based technology company, have signed a Memorandum of Understanding (MoU) to share experiences in building artificial intelligence (AI) solutions to accelerate the energy transition and drive sustainability across energy operations.
PETRONAS and AIQ will leverage their deep understanding of the energy industry to collaborate on digital innovation through knowledge sharing, value creation, joint product development and commercialization, capability development and engineering.
As part of the collaboration, the two parties will work together to pilot and test AI solutions to discover viable applications and use cases that can create value across multiple business verticals in the energy sector on a global scale. PETRONAS and AIQ will also develop AI and Advanced Analytics best practices and frameworks to ensure commercial and operational excellence throughout their joint projects.
“The challenges and perplexities of climate change call for smart and efficient solutions for the industry, and such collaborations ensure that world-class, efficient digital solutions are available for all industry players to benefit from,” said Omar Al Marzooqi, CEO of AIQ. Besides working on AI solutions, PETRONAS and AIQ will design and roll out capability development initiatives to upskill their workforce.
AIQ is a technology pioneer focused on driving the transformation of the industrial sector powered by artificial intelligence (AI).