Blockchain based AI platform Dbrain has partnered with UAE-based NNTC and Bahrain-based NGN International
NNTC and NGN International provide consultancy, implementation, and support services in a variety of areas, including blockchain development, drone, internet of things and smart city solutions, video analytics, virtual reality, and many more. By partnering with Dbrain, NNTC and NGN International will expand its service offering by adding AI solutions that are in high demand in the Gulf region.
“AI and machine learning technologies are gaining wider recognition globally. Businesses need to focus on implementing these technologies to stay competitive. We observed a high adoption rate of AI technology in the UAE amongst other GCC countries. A big amount of investment goes into talent development and training in this domain”, said Dmitry Matskevich, the CEO of Dbrain.
“This drive includes the UAE 2031 Strategy for Artificial Intelligence, which aims to raise the country’s IT infrastructure efficiency by increasing its reliance on AI. In fact, the UAE even have their own Minister of State for Artificial Intelligence. In Bahrain, PWC predicts AI will account for 8.2% of GDP by 2030”, added Matskevich.
All three companies have a lot to gain from the partnership. Dbrain offers end-to-end development of AI applications, and NNTC and NGN International provide high-level customer service and help integrate products into corporate IT systems.
Dbrain’s journey in the Middle East and North Africa region have begun earlier this year, when the company participated in a 5-day hackathon that took place in Dubai. The partnership with NNTC will allow Dbrain to grow its presence in the MENA region across new industries.
NNTC will use AI not only to discover the best places for oil drilling, but also to improve accuracy by the real-time drilling monitoring, correcting, and adjusting. This could lead to a wide implication for the oil industry, giving companies a competitive edge and enabling to avoid energy and time waste.
By using AI to detect suspicious banking transactions, Dbrain and NNTC will make the banking process much safer for users. The companies also aim to use AI for customer services automation, making it possible to satisfy customers’ needs much quicker and easier, without a huge strain on staff.
Dmitry Matskevich, the CEO of Dbrain, said: “We are really excited to share our AI expertise with companies in the Middle East. The UAE is showing great potential in this industry, and we are extremely happy with this opportunity to be a part of that growth.”
Dmitry Doshaniy, NNTC’s General Manager, said: “Banking industry is one of the verticals to largely benefit from AI application and this collaboration will facilitate our plans to grow our presence in this sector. AI will allow organizations to save time, reduce costs, optimize their operations, make relevant predictions and drive higher revenue. We are glad to support UAE’s smooth adoption of AI across private and public sectors.”
“We gladly welcome partnership with Dbrain and the opportunity to help Bahraini businesses get more from digital transformation by using AI. Through the adoption of AI we are planning to automate and improve business efficiency, and uplift the economy of the Kingdom,” said Yaqoob AlAwadhi, CEO at NGN International.
NNTC is an IT consulting and training company established in 2015 in the UAE, which provides IT services and trainings in the following areas: blockchain, virtual and augmented reality, drones, video analytics, chatbots, building information modeling (BIM), learning management systems (LMS), Internet of Things. With a large number of successfully implemented projects, the company aims to help organizations from the UAE streamline their business processes, significantly reduce costs, and, overall, increase business efficiency.
About NGN International
Located in Manama, NGN International is a member of multinational systems integrator GN Group. The company is well known regionally for creating business solutions for integrated information, computing, telecom, and engineering systems, and provides consultancy, implementation and support services. Learn more about NGN International at www.ngnintl.com.
Dbrain is an open blockchain platform to collectively build AI apps. Dbrain links a crowd workforce with data scientists to turn raw data into real-world AI solutions for businesses, creating a win-win situation for all participants in the AI market. After securing $2.5 million in seed funding, Dbrain has reached a significant milestone by releasing the alpha version of the platform, including a web application and a Telegram bot. For more information, please visit https://dbrain.io.
On October 15th, during the Gulf Information Technology Exhibition (GITEX), NNTC concluded a partnership agreement with Wimark Systems developing software that manages multivendor Wi-Fi networks.
H.H. Sheikh Rashid bin Humaid Al Nuaimi confirmed that digital transformation is the best way to achieve the desired change and achieve the excellence. His Highness declaration came after the MOU signing ceremony between Ajman X Center and NNTC to collaborate, exchange technology experiences, and develop a strategic partnership.