Dubai Investments, Oracle, KPMG Lower Gulf and Tech Mahindra launch digital transformation program
Dubai Investments has launched a major digital transformation program in collaboration with Oracle, KPMG Lower Gulf, and Tech Mahindra to drive continuous innovation, launch new business models faster, and enhance efficiency with automation.
The company has begun a series of digital transformation projects to prioritise the needs of its customers and investors and create a more user-friendly set of engagement and transactional platforms.
The new program launched in collaboration with global strategy firm KPMG Lower Gulf, cloud and software giant Oracle and global technology systems integrator Tech Mahindra will be a turning point for Dubai Investments as it comprehensively enhances its digital capabilities and brings itself at the forefront of innovation.
The implementation of the new technology will facilitate reduced transactions costs, redefine business processes and optimise business organisational structures, streamlining processes across Dubai Investments entities in the long-run.
Venkatesh Mahadevan, CIO at Dubai Investments said: “Facilitating user and employee friendly engagements should be at the heart of any digitalization project. Adopting a mindset that prioritizes customers and those operating the foundation of the business, helps in better forecasting growth areas, revolutionizing operations and improving business outcomes.”
Under this implementation, Dubai Investments will deploy Oracle Fusion Property Management, Oracle Fusion Cloud Enterprise Resource Planning (ERP) across Finance, Investments, Procurement, and Projects, Oracle Fusion Cloud Enterprise Performance Management (EPM), Oracle Fusion Cloud Human Capital Management (HCM), and Oracle Fusion Cloud Customer Experience (CX).
Rahul Misra, vice president – business applications, Gulf and South Africa, Oracle Said: “Continuous change requires continues innovation, and with this implementation, Dubai Investments will have access to a complete, modern, cloud applications suite that will provide their team with advanced capabilities, such as AI to automate manual processes , analytics to react to market shifts in real time, and receive automatic updates to stay current and gain a competitive advantage”
Fady Kassatly, partner – head of digital & innovation, KPMG Lower Gulf said: “KPMG has been a strategic partner for Dubai Investments for a long period of time and we are delighted to continue our journey on this significant transformation program. We are keen on bringing our regional and industry expertise to ensure this program is a grand success and for DI to adopt the latest and greatest innovations.“
Ram Ramachandran, senior vice president & head of Middle East and Africa at Tech Mahindra, said, “We are delighted to be a strategic digital and technology partner with Dubai Investments in the journey towards enhancing user experience. TechM is committed to enable its customers in digital transformation roadmap, build and deliver cutting-edge technology solutions and services that address real world problems and meet customer’s evolving and dynamic needs.”
A set of information security assurance standards have been developed to raise the minimum level of protection of information assets and to support systems across Dubai Investments Group.