Oracle's software as a service (SaaS) platform, Applications in the cloud, will be used to standardize DP World's core core processes as part of the agreement, which includes finance, operations, procurement and human resources.
The platform will also feature several technologies related to artificial intelligence, machine learning, Internet of Things (IoT) and blockchain in order to guarantee more efficient operations, as well as create intelligent logistics services to help customers.
"Our decision to partner with Oracle is driven by our vision of global connectivity through intelligent logistics, reducing costs and creating value for all our stakeholders."
President and CEO of DP World Group, Ahmed Bin Sulayem, said: "Our decision to partner with Oracle is driven by our vision of global connectivity through intelligent logistics, reducing costs and creating value for all our stakeholders.
"Innovative technology solutions are the way forward in the 21st century, and we are equipping ourselves with an effective platform to grow in new sectors where technology can maximize efficiency and allow us to offer transforming products and services.
"All this is part of our innovative culture that complements the intelligent initiative of Dubai and the example set by our leaders to expand our horizons in the digital world."
In addition, the latest digital transformation initiative supports DP World's strategy to develop complementary sectors in the global supply chain, including industrial parks, free zones and logistics to add value to all stakeholders.
The initiative is also expected to create new services and support diversification using cloud-based applications.
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