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The complementary AI tool will allow board members to access advanced data analytics, risk assessments and strategic insights for informed decision-making.
ABU DHABI, UAE, March 12, 2024 /PRNewswire/ -- G42, the leading technology group based in the United Arab Emirates, announced the development of BoardNavigator, an AI board plugin designed to transform corporate strategy and governance . The new AI tool, expected to be available to organizations around the world, will analyze large public and proprietary data sets to assist board members in their decision-making processes.
Working closely with Microsoft and built with security in mind on Microsoft's Azure OpenAI service, BoardNavigator will address the specific needs of individual organizations using the organization's first-party data to ensure privacy, relevance and accuracy.
BoardNavigator will be able to process decades of internal business data, financial information combined with external market trends and indicators that will help navigate the complexities of business resolutions, through superior analytical capabilities. BoardNavigator will enjoy the security, privacy and compliance features of Microsoft Azure, helping customers with their regulatory obligations.
International Holding Company (IHC), the global diversified multi-sector investment company and the largest listed entity in the UAE, will be the first organization to adopt BoardNavigator in its board operations. 'Aiden Insight', as IHC called it, will be used in IHC Board meetings as a decision-making tool, offering real-time information to inform discussions and guide decisions. In that capacity, Aiden Insight will be responsible for observing IHC Board meetings, providing data analysis, risk assessment and strategic planning support in a secure and compliant manner.
Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of IHC, said: “Aiden Insight will provide us with unparalleled data analytics and strategic insights, ensuring IHC remains at the forefront of industry developments and continues to deliver value to our shareholders.”
Kiril Evtimov, Group Chief Technology Officer, G42, said: "The use of AI in the boardroom is a game-changer. We are pleased to introduce a cutting-edge capability designed to help business leaders, highlighting the important role of "AI in navigating the complexities and fast pace of today's business landscape."
Samer Abu-Ltaif, corporate vice president and president of Microsoft for Central and Eastern Europe, the Middle East and Africa, said: "Generative AI is a transformative technology that transcends industries, and the UAE's visionary approach continues to foster a thriving environment where AI tools and solutions can empower organizations across industries. AI accelerates the ability to reason about large amounts of complex data, identify patterns, and generate insights to accelerate productivity and decision-making. By harnessing the power of Microsoft Azure OpenAI, BoardNavigator equips boards of directors with knowledge responsibly and securely, enabling them to make more informed decisions.”
BoardNavigator will offer high customization opportunities, catering to the diverse needs of boardrooms around the world. Equipped with access to real-time data, you will summarize reports, interpret complex charts, analyze market trends, evaluate risks, simulate alternative investment scenarios, and more. Additionally, plans to add a speech-to-text option in the future will improve accessibility and user experience. G42 intends to initially deploy BoardNavigator in sectors where it has significant experience, including energy, healthcare, finance and technology. Subsequently, it plans to expand the reach of the tool in various industries and markets, ensuring widespread applicability and positive impact over time.
About G42
G42 is a technology holding company, a world leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating around the world, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 makes exponential possibilities a reality today. To learn more, visit www.g42.ai
Media Contact
Ulviyya Hasanzade, director of corporate communicationssulviyya.hasanzade@g42.ai
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