The company “G42” has announced the expansion of its product range by developing a tool called BoardNavigator, which relies on artificial intelligence to support board members. This tool aims to contribute to changing strategies and governance methods within companies.
The tool, soon to be launched and available globally to companies, will evaluate large sets of data, whether personal or public, to assist board members in decision-making.
A close cooperation will be established with Microsoft, based on Microsoft’s Azure OpenAI service, which gives great importance to data security. BoardNavigator will address each organization’s specific needs by utilizing its data to ensure privacy and accuracy in information to align with the company’s standards and requirements.
BoardNavigator tool can examine and analyze various business records, internal financial data, external market trends, enhancing decision-makers’ efficiency with its advanced analytical capabilities.
The multinational investment company, known for being the largest registered commercial entity in the UAE markets, will transform into a leader in utilizing BoardNavigator’s technology within its board procedures.
The global holding company will benefit from its “Aiden Insight” technology in its board meetings to enhance members’ decision-making abilities by providing instant analysis and insights that steer discussions and choices. “Aiden Insight” will monitor board sessions, provide data analytics, risk estimations, and assist in strategic planning, while maintaining security and compliance with regulations and standards.
Spokesperson Sheikh Tahnoon Bin Zayed Al Nahyan, stated on behalf of the global holding company:
“Aiden Insight will provide us with deep and unprecedented strategic analysis and ideas, ensuring the continued excellence and leadership of the global holding company in its field, while delivering outstanding value to investors.”
From his perspective, Kirill Evtimov, the Chief Technology Officer of G42, said:
“Integrating artificial intelligence into the meeting environment is a significant development, and we are proud to provide these innovative solutions specifically designed to support leadership in the economic sector,
Where we shed light on the significant importance of artificial intelligence in dealing with the complex challenges that organizations face in decision-making, as well as its ability to keep pace with the rapid developments in the contemporary work environment.”
Samir Abu Latif, the First Vice President of the Microsoft Board and Chief Marketing Officer for Central and Eastern Europe, the Middle East and Africa, stated: “Generative artificial intelligence represents a revolution in technology that brings about profound changes across various sectors, and the UAE continues to consolidate its leadership thanks to its strategic vision by creating a supportive environment for employing AI technologies and solutions to enhance institutional capabilities in various sectors. Artificial intelligence also contributes to strengthening the ability to analyze and comprehend big and complex data, uncover hidden patterns, and innovate valuable insights that enhance productivity speed and improve decision-making industry. By leveraging the advantages of Microsoft Azure and OpenAI, BoardNavigator, or ‘Aiden Insights’, provides impactful and rich information to boards responsibly and securely, giving them the opportunity to make informed and impactful decisions.”
The innovative tool BoardNavigator will offer wide opportunities for customization and personalization to meet the different requirements of boards globally. The tool stands out for its ability to quickly access information, efficiently tabulate reports, analyze complex charts, examine market trends, estimate risks, explore alternative investment scenarios, and much more.
Additionally, G42 plans to add speech recognition and text conversion feature in the near future, enriching user experience and ease of use. The company intends to initially launch the BoardNavigator tool in sectors where it has extensive experience, such as energy, healthcare, financial, and technology sectors. Afterwards, it aims to expand the tool’s uses across diverse sectors and markets, to particularly generalize its application and achieve increasing benefits over time.
