In an internal memo to the workforce, Dell Technologies Inc.(NYSE:DELL) COO and Vice Chairman Jeff Clarke has reportedly announced a significant overhaul of the company’s operations, collectively known as One Dell Way.
The changes, touted as the “biggest transformation in company history,” will see the implementation of standardized processes across the company’s operations and the launch of a single enterprise platform on May 3, reported Business Insider.
Dell did not immediately respond to Benzinga‘s request for comment.
Push To Unify Systems For AI
The One Dell Way initiative will streamline Dell's existing systems by replacing multiple applications and databases in a bid to unify data, eliminate silos, simplify software applications, and create a foundation for the company to operate as a single, integrated organization.
According to the memo cited by Business Insider, Clarke highlighted the importance of simplifying the underlying infrastructure to unlock the future potential of AI, stating that a simplified, standardized, and automated approach is essential to remain competitive.
AI Drives Dell Revenue Growth
The announcement follows Dell’s recent acquisition of Israeli AI startup Dataloop AI for $120 million. This strategic move was seen as a significant step in Dell’s AI push and its efforts to build end-to-end AI infrastructure offerings for enterprise customers.
In November, Dell delivered mixed Q3 earnings, with strong revenue growth driven by its AI offerings. "AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date," said Jeff Clarke, vice chairman and COO of Dell.
According to Benzinga Edge Stock Rankings, Dell has a momentum score of 29.86% and a value rating of 39.70%. Click here to see how it compares to other leading tech companies.
Price Action: Over the past year, Dell stock climbed 9.72%, as per data from Benzinga Pro. On Tuesday, the stock edged 0.67% lower to close at $119.66.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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