DP World will use Oracle software to create intelligent logistics through artificial intelligence (AI), machine learning, Internet of Things (IoT) and blockchain.
The global port operator will use the Oracle Cloud Applications platform across its business operations and sectors in the global supply chain such as industrial parks, free zones and logistics.
Oracle, an American multinational computer technology corporation, has developed its cloud applications to improve a businesses' performance through the management of customer engagement, human resources, resource planning, supply chains, Internet of Things (IoT) applications and software-as-a-service (SaaS) analytics.
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem and Oracle Business Applications Senior Vice President (ECEMEA) Arun Khehar, signed the agreement on January 31, 2018.
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DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem 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 maximise efficiencies and enable us to deliver transformational products and services.
“This is all part of our innovative culture that complements the smart initiative of Dubai and the example set by our leaders to expand our horizons in the digital world. We are continuing our leadership role in transforming global logistics through digitalisation.
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Oracle Business Applications Senior Vice President (ECEMEA) Arun Khehar, 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.”