Dubai-based terminal operator DP World has embarked on a programme to drive digital transformation across its business operations worldwide using Oracle Cloud Applications (SaaS).
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem and Oracle Business Applications Senior Vice President (ECEMEA) Arun Khehar, signed today the agreement to develop an integrated technology platform.
In line with the deal, Oracle’s Cloud applications would be used to standardize DP World’s key processes including finance, operations, procurement and human resources.
As part of this new platform it will also incorporate technologies in Artificial Intelligence, Machine Learning, Internet Of Things (IOT) and Block Chain, to deliver smarter operations and create intelligent logistics, DP World said.
“Our decision to partner with Oracle is driven by our vision for global connectivity through intelligent logistics, reducing costs and creating value for all our stakeholders. Innovative tech solutions are the way forward in the 21st century and we’re equipping ourselves with an effective platform to grow into new sectors where technology can maximize efficiencies and enable us to deliver transformational products and services, ” Sulayem said.
“We are extremely proud of DP World’s strategic decision to drive its large-scale digital transformation on Oracle’s cloud solutions. We are confident that the deployment of this new digital core will bring the next level of business value and differentiation needed to help DP World achieve its growth goals,” Khehar added.
Furthermore, DP World said that it plans to use the digital transformation programme to develop its complementary sectors in the global supply chain such as industrial parks, free zones and logistics by employing cloud applications to increase efficiency, create new services and support diversification.