The 3 most innovative companies in artificial intelligence of 2022

This year's winners are applying AI to everything—from property valuations and detecting mortality risks to reducing carbon emissions. 

The 3 most innovative companies in artificial intelligence of 2022
[Source photo: Fast Company Middle East]

Explore the Fast Company Middle East’s Most Innovative Companies 2022 list; 42 organizations are reshaping their businesses and industries. We’ve selected the companies making the most significant impact with their initiatives across 25 categories, including the most innovative retail, emerging tech, and energy companies.

AI is a present reality and promises to become more prevalent in the future. AI and machine learning are already automating and improving many everyday tasks and profoundly impacting every industry and business. AI is now a core ingredient across virtually every aspect of computing. These innovative companies apply AI to everything—from property valuations to detecting mortality risks and reducing carbon emissions. 


For building purpose-driven AI solutions

Crayon has leveraged AI-powered technology to accelerate digital transformation, providing end-to-end solutions to enterprises. During the past year, it has worked with many organizations in the Middle East, including Dubai Land Department, providing the Smart Valuation Service, which is an advanced AI model that analyzes millions of transactions to generate a reliable, fast and accurate property valuation service.


For being an AI integrator

IBM has focused on artificial intelligence to create efficient processes, augment human capabilities, and improve business outcomes, while fostering trust in outcomes derived from AI. It is working with Saudi Data and Artificial Intelligence Authority and Ministry of Energy in Saudi Arabia to drive AI adoption in carbon capture and to detect, map, and reduce carbon emissions across the country.

EgyptAir is using IBM Cloud to modernize their duty-free back-end operations and IBM Watson Assistant to transform the retail experience for travelers, and Abu Dhabi National Oil Company is using IBM’s Al for rock classification to analyze Abu Dhabi’s hydrocarbon reservoirs. IBM and Mohamed Bin Zayed University of Al have joined forces to advance Al research with a new center of excellence.


For creating solutions for a better future

Helping organizations solve the problems of today and innovate for tomorrow, the analytics software giant works with the private, public, and government sectors to address pressing issues, including the environment and health. 

SAS analytics has been a critical tool for health organizations during the pandemic. The Emirates Health Services (EHS) deployed SAS analytics models to predict COVID-19 mortality risk, inpatient admission in emergency departments, and for predicting no-show appointments to optimize physicians’ time utilization. This helped EHS to establish itself as a healthcare leader in the Middle East by devising a smart approach to fight the pandemic.

Most Innovative Companies 2023