Tech entrepreneur Nadim Sadek says artificial intelligence will be a major force in the publishing industry in the years to come. Photo: Shimmr AI
Tech entrepreneur Nadim Sadek says artificial intelligence will be a major force in the publishing industry in the years to come. Photo: Shimmr AI
Tech entrepreneur Nadim Sadek says artificial intelligence will be a major force in the publishing industry in the years to come. Photo: Shimmr AI
Tech entrepreneur Nadim Sadek says artificial intelligence will be a major force in the publishing industry in the years to come. Photo: Shimmr AI

Meet Nadim Sadek: the tech entrepreneur shaking up the publishing industry through AI


Saeed Saeed
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  • Arabic

He may not always be the most popular person in the room, but publishing industry titans and start-ups are increasingly listening to what Nadim Sadek has to say.

A former psychologist and marketing executive, the Irish-Egyptian tech entrepreneur aims to upend traditional book marketing through artificial intelligence.

It’s an approach distilled in his new book Shimmer, Don't Shake: How Publishing Can Embrace AI, which looks at the ways AI can rejuvenate the promotion of books in a saturated market.

That call for evolution was met with an initial uncertainty from some major international publishers, according to Sadek.

Speaking to The National at the recently completed Frankfurt International Book Fair, he says the industry is still coming to terms with what AI has to offer.

"At first people were trying to figure out whether I am a friend or foe," he says.

"But during my conversations with authors and publishers, they begin to understand that AI is ultimately a friend because it can really bring their beautiful creations to the light."

Shimmer Don’t Shake: How Publishing Can Embrace AI by Nadim Sadek. Photo: Shimmr AI
Shimmer Don’t Shake: How Publishing Can Embrace AI by Nadim Sadek. Photo: Shimmr AI

Released last week, the book comes on the back of the launch of Sadek’s company Shimmr AI, which harnesses the power of artificial intelligence to create targeted marketing campaigns for books.

The process begins with the chosen title analysed for what Sadek describes as its “book DNA” – including its genre, plot lines, themes, characters and key words – before its targeted online promotion through social media networks, web advertisements and associated keyword searches.

Working on a monthly subscription model that’s $75 per title, the service is exclusive to English books and aimed at a specific geographic market.

“The way that AI works here is the more specific information you give it the better it can help you,” Sadek says.

“So, if you are writing a book about football, for example, it is best to target the UK market and not the US, where the sport is generally known as soccer.”

Sadek lays down some of these granular tips as well as some macro predictions for the industry in Shimmer Don’t Shake.

One of the biggest shake-ups, he expects, is that AI will “breathe new life” into back titles – meaning older books still in print.

For an industry prizing new works, Sadek says back titles are often forgotten in marketing plans, much to the frustration of authors and readers.

“Publishers have to keep improving their profitability and the best way to do that is to monetise your unused assets, which are often the back lists," he says.

"So what's needed is to breathe new life into them by advertising them again with AI.”

The advent of such technology, Sadek adds, will be a game changer for fledgling publishers lacking the financial resources and star authors.

"It’s not the blockbuster authors like the John Grishams I am interested in, but it is the Peter Grishams who can benefit from AI,” he says.

"All the big publishing companies dedicate a small proportion to their advertising budgets and what they do is basically work on their front list, meaning the 10 or new titles a year.

“If these books sell well, it pays for the rest of the other books in the catalogue,” he says.

“But if you are an author it can be frustrating to see that after the launch of your book, six months later it's sitting there on the backlist and you are just hoping for somebody to find it.

“Online recommendation systems at the moment are fairly primitive when it comes to books. They don’t use artificial intelligence to the extent we see in music or movie sites, like the recommendation lists you see in Spotify and Netflix that are so useful and which we take for granted.”

While making financial sense for companies and investors, does AI pose a bigger risk for present and potential employees in an already low-paying industry?

With the Hollywood film and television industry recently emerging from a contentious strike partly due to the encroaching role of AI, does Sadek fear a similar reaction from the book industry?

It is a question tackled in Shimmer Don’t Shake where Sadek lists and partially assuages some of the potential concerns.

When it comes to algorithms replacing human literary tasks such as editing, Sadek predicts that “AI systems will learn to be nuanced and subtle and to work out far more than simple book structure, instead increasingly understanding the human values that editors currently identify and prioritise”.

As for general job losses across the industry, the book states that “workforce disruption” is likely, stating hat it follows a “pattern as a consequence of every technological innovation over time”

Whether friend or foe, Sadek’s timely message is worth hearing.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Updated: October 28, 2023, 11:12 AM