(MENAFN- AzerNews)
Nazrin Abdul
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The Baku Energy Week, scheduled for June 4-6 this year, will
unite three prestigious events under one roof. Thus, the 29th
International Caspian Oil and gas Exhibition, "CaspianOil&Gas,"
the 12th Caspian International Energy and Green Energy Exhibition,
"CaspianPower," and the 29th Baku Energy Forum will converge to
facilitate discussions and collaborations in the energy sector.
"CaspianOil&Gas" and "CaspianPower" exhibitions will take place
at the Baku Expo Center, while the Baku Energy Forum will be hosted
at the environmentally conscious Baku Congress Center.
Baku Energy Week serves as a global gathering point for energy
industry leaders, attracting numerous foreign companies to
Azerbaijan. Over 300 companies from 37 countries have confirmed
their participation, with a notable presence from AIQ, a company
with a recent capitalization of $1.4 billion, serving as the Gold
sponsor of both the Baku Energy Forum and the "Caspian Oil and Gas"
Exhibition.
AIQ, renowned for its innovative energy sector solutions based
on SI technologies, will showcase advanced solutions interactively
during the event. Dr. Chris Cooper, CEO of AIQ, will deliver a
keynote address at the Baku Energy Forum, outlining AIQ's vision
for artificial intelligence and its pivotal role in driving
innovation and competitiveness in the energy sector.
Saravan Penubarthi, AIQ's Chief Technical Director, will
participate in a panel discussion at the "Caspian Oil and Gas"
conference, focusing on the "Innovative Approach to SI in Energy."
Their insights promise a deeper understanding of AIQ's
groundbreaking innovations and practical applications, underscoring
the company's aspiration to be a leading provider of artificial
intelligence solutions for the global energy industry.
Commenting on AIQ's participation in Baku Energy Week, Dr.
Cooper emphasized the event's significance in showcasing AIQ's
advancements and customer response, ultimately enhancing safety and
efficiency across the energy value chain.
"This event is a great opportunity to share our vision for the
future of energy and demonstrate to an international audience how
we deploy the industry's most advanced IT solutions, how our
customers respond to them, and how these solutions significantly
increase profitability across the energy industry value chain. We
apply the new capabilities of artificial intelligence in all stages
of the work done in the energy field, which significantly improves
the safety and efficiency of production processes.
He also highlighted AIQ's expansion plans into new markets,
leveraging generative artificial intelligence models developed by
the company.
"We are proud of the innovations we have developed on our
platform in the UAE in a relatively short period of time.
Currently, we are at such a stage of development that we are
planning to enter new markets in other regions in order to more
actively promote the global energy transition using AI solutions,
including the new models of generative artificial intelligence that
we have developed," added Cooper.
With more than three years of commercial activity and over 20
advanced products developed, AIQ's presence at the Baku Forum
underscores its strategic growth trajectory. The recent acquisition
of AIQ's controlling stake by Presight, a UAE-based big data
analytics and AI technology company, further solidifies AIQ's
commitment to market expansion and customer outreach.
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