For instance, ALJ launched an online business-to-business platform for its vehicle parts division this year, and will soon create something similar for consumers | But the automotive industry was where the founder made the family fortune, opening a first gas station in Jeddah just 20 years after the Red Sea port became part of Saudi Arabia |
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5 billion investment round; its other shareholders now include Amazon and Ford | So, he asked his team why the customers were waiting outside and why they were not going online to have the parts delivered—an example of why the company is accelerating its digital platforms |
He arrived in the Far East in his mid-teens, completing high school and university before working at Toyota at its Aichi headquarters | These will apply machine learning to historical data that the firm has accumulated over many years, in order to forecast fluctuations in demand |
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There are some principals that are here to stay [despite digitalization] | We have to go see a problem |
Abdul Latif Jameel also has a corporate venture capital fund that looks at opportunities in the region to complement or supplement other technologies.
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