Telstra and Quantium to form new data and AI joint venture
Monday, 15 November 2021
Telstra and Quantium today announced their intent to form a new joint venture to unlock the full potential of data and AI for Telstra and its customers.
The new joint venture will bring together Quantium’s market-leading data science and AI capabilities with Telstra’s customer, product and network data assets.
Telstra CEO Andrew Penn said the unique partnership would be a key enabler of Telstra’s T25 data and AI ambitions.
“This new JV will not only provide personalised and data-enabled products and offers for Telstra’s customers, it will also embed proactive and predictive AI and machine learning across Telstra’s core business,” said Mr Penn.
“Focusing on our customers and improving the way we serve them is crucial to the success of our T25 strategy. This partnership will supercharge that ambition by reshaping how we add value for our enterprise customers and enable improvements in the personalisation of offers and value for members of Telstra’s rewards program, Telstra Plus.
“This partnership goes beyond just those direct benefits for customers and will look at how we can also use advanced analytics and machine learning to drive value for our core business, for example to identify fraudulent activity more effectively, or to make enhanced credit decisions.”.
The proposed new joint venture will initially focus on Telstra’s enterprise customers – in sectors like mining, agribusiness and supply chain where Telstra has a unique value proposition given its network assets and capability.
This will see the creation of a unique, industry-leading ‘whole of tech stack’ proposition for these industrial customers, helping them automate quicker and make smarter and more accurate decisions right across their value chains, enhancing efficiency, reducing waste and driving down environmental impacts. This new proposition will be delivered in partnership with Telstra Purple, the largest Australian owned technology services business.
The partnership will also leverage Telstra’s Data Hub to enable enterprise and government customers to securely share and aggregate their data whilst also harnessing Quantium’s big data capabilities.
Quantium CEO Adam Driussi said: “We are delighted to partner with Australia’s leading telecommunications company to help unlock the potential of data and AI for both Telstra and its customers.
“The three key ingredients in any digital transformation are cutting-edge smart networking and connectivity, superb IT and world class data science and AI. This partnership brings all these ingredients together to create a unique ‘whole of stack’ solution that promises to transform Telstra and deliver enhanced experiences and incredible value for its customers.”
The new company will bring together a combination of Telstra and Quantium’s brightest minds and will offer skills transfer and learning and development opportunities from both Quantium’s and Telstra’s market-leading learning and development programs.
Quantium and Telstra will work together over the coming months to finalise the detailed scope of the partnership. Quantium and Telstra have already commenced servicing enterprise clients to support strong market demand.
James Tait, Managing Partner, Res Publica (firstname.lastname@example.org or 0400 304 147)