Nybl agency is represented as “the world of artificial intelligence.”
The KNLP, which transforms many underserved data into working intelligence, not only can improve productivity and allow companies to refine or automate workflows but can also provide real-time insight and inform them about potential equipment failures.
Briefly, welcome Nybl and Mr Alnahas and his co-founders think that their project would push their business to the next level.
Mr Alnahhas tells about the deal the company makes for various industries: “We’re out of the lab much faster and cheaper off the shelf.”
In 2008, Mr Alnahhas, a series entrepreneur with almost 15 years of experience in the petroleum and gas industry, started his own restructuring. Nybl was born of another company.
At that time there were several U.S. companies selling oil and gas monitoring systems and representing them in the Near East, representing a candidate who undergoes leadership training at the Wharton School of Business and INsead.
He had an idea of a better product being made, leaving his job and founding EnsoSoft. “I thought it was stupid for industries[ in the oil and gas sector] to pay millions of dollars just to know if a well has failed or a pipeline is leaking,” he says, contributing that his product was based on taking the data from the systems being supervised and then incorporating it together to develop a better understanding.
Mr Alnahhas succeeded in releasing the project, but then the economic crisis came in away. It took considerable time, but EnsoSoft lasted and succeeded in expanding, but when the company’s founder wanted to increase production, the three-year oil market fell.
“We did a fantastic job as an oil and gas company. We[ EnsoSoft] made money, “he says, but when it started pushing for more growth” we saw $15 million (Dh55 m) worth of projects coming to us being cancelled.” “That was the point when we decided we needed to broaden. “That chance arose when the Dubai government set a challenge in 2018 to help companies cut the time and money they spent on planning and purchasing stock by helping them.
“We configured, developed and ran a proof of concept for the government within nine weeks of the program, having never done anything out of oil and gas, showing them an 85% reduction in stock planning and buying time,” says Mr Alnahhas. “The inventory administration has fallen by eighty-seven per cent in terms of time:’ That’s the birth, the switch to Nybl,’ says Mr Alnahhas.’ Nybl is our idea of how we would get from the oil and gas sector.’ Mr Alnahhas said he was sitting in Emirates Towers in the first week of 2019, with his Nybl co-founders, and since that time, no background has been seen. In July, Nybl signed an agreement with Smart Dubai to install Nybl solutions for each inventoried governmental entity.
“We are in the process of launching the first system, which is for Dubai Health Authority, the most important government organization,” he says, bringing that the venture will go live at the end of December.
The government of Dubai is not the only client of the agency. Nybl is collaborating with Abu Dhabi National Oil Company (Adnoc) to ensure that electric submersible pumps that aid oil extraction from wells receive a real-time optimisation and failure prediction.
“We decided to join the Adnoc challenge where we participated against the MIT[ Massachusetts Technology Institute], IMB Watson… Some of the AI’s biggest names, “he says.
It is now working with a ride-hailing company, estimating when a vehicle’s main elements will crash and burn and purchasing parts to minimize their downtime in ahead of time.
Nyble is already working in Kuwait with the oil and gas company Novomet and Vulcan, and Mr Alnahhas says that the greater Middle East and GCC will remain the company’s top priority markets.
“The company’s goal is to be the Middle East’s leading AI tech company. Company number one. This is our mission.
The corporation has established a master licensing program that lets companies use the network of Nybl. It partners with Commtel Networks, a mobile communications and monitoring company in India that wanted to create a physical and digital security system that was artificially intelligent. Commtel perfected Nybl’s platform to use its engine and technology to develop a new framework with capability for managing, ordering, and countermeasures.