Partnership will enable a digital supply chain platform with an AI assistant, enhancing ecosystem-wide visibility, traceability, and efficiency
Dallas, TX – March 18, 2024 – One Network Enterprises (ONE), the leading global provider of intelligent control towers and the Digital Supply Chain Network™, has signed a Memorandum of Understanding (MoU) with iot squared, a joint venture between stc Group and Saudi Arabia’s Public Investment Fund. This collaboration is designed to explore the potential of digital supply chain networks across multiple industries and deploy technologies such as data analytics, and artificial intelligence to optimize supply chain processes within the Kingdom of Saudi Arabia and the wider Middle East region.
The MoU was signed by One Network’s chief revenue officer, Bruce Jacquemard and iot squared CEO Othman Aldahash in Malham, Saudi Arabia on March 5, 2024
Under this partnership agreement, ONE and iot squared will collaboratively implement a unified digital supply chain platform to enhance visibility, traceability, and efficiency across the entire logistics supply chain. The partnership will explore and deploy advanced data analytics and artificial intelligence, to further optimize and automate supply chain processes, and minimize supply disruptions. The platform will include a supply chain AI assistant and will enable organizations to anticipate potential issues, and rapidly identify and resolve emerging problems. This will improve supply chain efficiency, responsiveness, and resilience.
“Combining our platform’s unique capabilities with iot squared’s industry and regional expertise will enable businesses to rapidly transform their supply chains into responsive networks, and lower costs for companies, while assuring supply and higher service levels for customers,” says Bruce Jacquemard, Chief Revenue Officer of One Network. “We are excited to partner with iot squared and bring AI-driven digital supply chain networks to drive further innovation in the region .”
“As we embark on this transformative journey to develop more effective supply chain solutions, this partnership will not only advance technological innovation but it also aligns seamlessly with our country’s visionary commitments,” said Othman Aldahash, CEO of iot squared. “Together, we have the power to shape a future where technology not only connects us but provides end-to-end visibility and control across entire ecosystems, in harmony with the aspirations of our nation.”
About iot squared
iot squared was established as a joint venture between PIF and stc specializing in the Internet of Things (IoT). Positioned to be a regional hub for the Internet of Things in the Middle East and North Africa, with the objective of accelerating the adoption of IoT technologies. The Internet of Things has been identified in stc’s “DARE 2.0” strategy among the strategic areas of investment, which aligns with Saudi Arabia’s digital transformation initiatives supported by PIF. iot squared offers smart solutions in sectors including manufacturing, logistics, and smart cities with the aim to become a “one-stop-shop” for IoT solutions. Visit: https://iotsquared.com.sa/
About stc group
“stc group” is an engine of digital transformation, offering advanced solutions and driving a role in the digitisation process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises over 14 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe. Visit: https://www.stc.com.
About One Network Enterprises
One Network Enterprises (ONE) is the leader in supply chain autonomous planning, control towers, and provider of the Digital Supply Chain Network™. It is the only solution that gives supply chain managers and executives end-to-end visibility and control with one data model and one truth, from raw material to last mile delivery. Powered by NEO, One Network’s machine learning and intelligent agent technology, it enables seamless planning and execution, across inbound supply, outbound order fulfillment, and logistics, matching demand with available supply in real-time. Lead your industry by providing the highest service levels and product quality at the lowest possible cost. Visit: www.onenetwork.com.
