TL;DR:
- Metra Group and Astrikos.ai announce a Value-Added Partnership (VAP) for GCC countries.
- Astrikos.ai specializes in ML-driven cognitive analytics and AI for infrastructure.
- The global infrastructure market is estimated to exceed $160 billion, with a CAGR of over 10%.
- Data intelligence and predictive analytics are vital for infrastructure optimization.
- Dr. Chinmay Hegde, CEO of Astrikos.ai, emphasizes the role of Gen-AI in shaping smart cities.
- Mr. Adib Rajji of Metra Group highlights the demand for smart cities in the GCC market.
- The partnership aims to enhance livability, sustainability, safety, and security through technology.
Main AI News:
Metra Group has unveiled its strategic Value-Added Partnership (VAP) with Astrikos.ai, an Indian pioneer in machine learning (ML) driven cognitive analytics and artificial intelligence (AI) software platforms for diverse infrastructures, including Smart Cities, NextGen Data Centres, Smart Districts/Buildings, and Healthcare facilities. With a storied legacy spanning over four decades, Metra Group is a renowned IT solutions provider in the region, bringing its wealth of experience to this collaboration.
The ever-evolving landscape of infrastructure, marked by the rise of smart cities and IoT-powered cognitive infrastructure, represents a global market estimated at over $160 billion. Projections indicate that this market is poised for robust growth, with a projected CAGR of over 10% annually, reaching a staggering $600 billion by 2032. Effective optimization of infrastructure operations, enhanced management, sustainability measurement, and proactive decision-making hinge on the harnessing of data intelligence. The ability to decipher hidden patterns, forecast accurately, and make precise predictions is paramount for infrastructure administrators.
Dr. Chinmay Hegde, Founder and CEO of Astrikos.ai, highlighted the transformative influence of cognitive intelligence and Gen-AI on smart cities. These innovations empower urban spaces with diverse data hubs, all while mitigating the risks associated with data overload. Astrikos.ai’s platforms are specifically engineered to make sense of extensive datasets, providing concise Generative-AI-based decision support to city and infrastructure administrators. This approach ensures the delivery of comprehensive value while aligning with Sustainable Development Goals.
Mr. Adib Rajji, VP Vendor Strategy and Business Development at Metra Group, emphasized the burgeoning demand in the GCC market for Smart Cities and Smart Districts, driven by urban analytics and city data clouds. He underscored the necessity for technologies capable of enhancing livability, environmental sustainability, safety, and security, all while streamlining operational efficiency through machine-generated recommendations.
Furthermore, Mr. Rajji expounded on the unique value proposition of this strategic partnership, emphasizing its potential to drive meaningful change in the industry.
Conclusion:
Metra Group’s strategic partnership with Astrikos.ai signifies a significant move in the AI/ML-powered infrastructure sector. As the global infrastructure market continues to expand, this collaboration is poised to drive innovation and enhance the sustainability and efficiency of smart cities and related projects in the GCC countries, ultimately benefiting both infrastructure administrators and citizens alike.
