RCS - Grid Dynamics - Grid Dynamics and Dataiku Release New Allocation

Grid Dynamics HoldingsAnnouncement

06/04/2023 15:00

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RNS Number : 5441V  Grid Dynamics Holdings, Inc  06 April 2023

Grid Dynamics and Dataiku Release New Inventory Allocation Optimization
Solution, Providing Enterprise Clients Accelerated Global Inventory
Optimization Capabilities

Key Takeaways:

·      Grid Dynamics is offering a new Inventory Allocation Optimization
Solution powered by Dataiku to help global companies respond to ongoing supply
chain challenges and disruptions, improve operational efficiency, and reduce
costs.

·      The Inventory Allocation Optimization Solution expands the suite
of pre-packaged accelerators offered by Grid Dynamics in the area of supply
chain and inventory management and analytics.

·      The release of the Inventory Allocation Optimization Solution is
part of Grid Dynamics' ongoing collaboration with Dataiku, one of the world's
leading AI and machine learning platforms, and further strengthens the
cooperation between the two companies.

SAN RAMON, CA / ACCESSWIRE / April 6, 2023 / Grid Dynamics
(https://pr.report/TvX1ySCb) Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a
leader in enterprise-level digital transformation (https://pr.report/ljJrVis9)
services and solutions, announced today its new Inventory Allocation
Optimization Solution. This new solution, developed jointly by Grid Dynamics
and Dataiku (https://pr.report/5xfTe0Ci) , helps companies to rapidly
establish inventory optimization capabilities and quickly develop
analytics-driven supply chain optimization processes within the Dataiku
platform.

Grid Dynamics' Inventory Allocation Optimization Solution is the latest
addition to the company's growing suite of pre-packaged accelerators that help
clients quickly and easily leverage advanced technologies like AI
(https://pr.report/Lw1-8y6R) and Machine Learning (https://pr.report/xIaktN-G)
(ML). The accelerators deliver significant business benefits, such as
allocating inventory to meet demand; managing multi-region, multi-market, and
multi-carrier environments; preventing order splits; and gaining deep insights
into optimization results.

"Supply chain resilience and efficiency are among the top priorities for most
companies over the last few years. This new solution helps the users of
Dataiku's end-to-end AI platform to establish advanced inventory optimization
capabilities without major investments into heavy-weight planning products",
said Ilya Katsov, Vice President of Technology for Grid Dynamics." These
capabilities both help to avoid losses associated with inventory misallocation
and improve customer experience."

In the wake of COVID, companies managing intricate supply chains must
continually optimize their inventory allocation in response to rapidly
changing demand patterns. This solution, powered by Dataiku, enables Supply
Chain Managers and their analytics teams to quickly harness machine learning
to tackle the complex challenge of inventory optimization and incorporate
analytics throughout their supply chain processes.

"The new Inventory Allocation Optimization Solution is a significant
advancement in providing customers with comprehensive, ready-to-use
capabilities for supply chain analytics and optimization," said Sophie
Dionnet, GM, Business Solutions for Dataiku." The combination of Grid
Dynamics' supply chain expertise and Dataiku's Everyday AI platform empowers
companies to make data-driven decisions, ensuring they have the right
inventory at the right place and time, ultimately resulting in improved
efficiency, reduced costs, and enhanced customer satisfaction."

Visit this page (https://pr.report/FP1Wf7Mx) to learn more about Grid
Dynamics' Inventory Allocation Optimization Solution.

About Dataiku

Dataiku is the platform for Everyday AI, enabling data experts and domain
experts to work together to build AI into their daily operations. Together,
they design, develop and deploy new AI capabilities, at all scales and in all
industries. Organizations that use Dataiku enable their people to be
extraordinary, creating the AI that will power their company into the future.

Founded in 2013, Dataiku has proven its ability to continue to develop its
founding vision for Everyday AI, and to execute on its growth. With more than
500 customers and more than 1,000 employees, Dataiku is proud of its rapid
growth and 95% retention of Forbes Global 2000 customers. Connect with Dataiku
on their blog (https://pr.report/eoRgXwHK) , Twitter (@dataiku
(https://pr.report/YrH6G35k) ), and on LinkedIn (https://pr.report/rGiFVuS0) .

About Grid Dynamics

Grid Dynamics (Nasdaq: GDYN) is a digital-native technology services provider
that accelerates growth and bolsters competitive advantage for Fortune 1000
companies. Grid Dynamics provides digital transformation consulting and
implementation services in omnichannel customer experience
(https://pr.report/bqaXxRh5) , big data (https://pr.report/JAqlCMcK) ,
analytics (https://pr.report/rlx6mgLi) , search (https://pr.report/dJ8wypqF) ,
artificial intelligence (https://pr.report/Nvn6ukzg) , cloud & DevOps
(https://pr.report/o9mMLsPa) , and application modernization
(https://pr.report/5PfHeMhX) . Grid Dynamics achieves high speed-to-market,
quality, and efficiency by using technology accelerators, an agile delivery
culture, and its pool of global engineering talent. Founded in 2006, Grid
Dynamics is headquartered in Silicon Valley with offices across the US,
Mexico, UK, Europe, and India.

To learn more about Grid Dynamics, please visit www.griddynamics.com
(https://pr.report/sPI6FldG) . Follow us on Facebook
(https://pr.report/e6cTyJMC) , Twitter (https://pr.report/5h0bjILQ) , and
LinkedIn (https://pr.report/hk0lWJoV) .

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 that are not historical facts, and involve risks and
uncertainties that could cause actual results of Grid Dynamics to differ
materially from those expected and projected. These forward-looking statements
can be identified by the use of forward-looking terminology, including the
words "believes," "estimates," "anticipates," "expects," "intends," "plans,"
"may," "will," "potential," "projects," "predicts," "continue," or "should,"
or, in each case, their negative or other variations or comparable
terminology. These forward-looking statements include, without limitation,
quotations of management and statements regarding product capabilities, and
the benefits of our affiliations with Dataiku.

These forward-looking statements involve significant risks and uncertainties
that could cause the actual results to differ materially from the expected
results. Most of these factors are outside Grid Dynamics' control and are
difficult to predict. Factors that may cause such differences include, but are
not limited to, any factors limiting product capabilities and the benefits of
our affiliations with Dataiku; and other risks and uncertainties indicated in
Grid Dynamics' filings with the SEC.

Grid Dynamics cautions that the foregoing list of factors is not exclusive.
Grid Dynamics cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made. Grid
Dynamics does not undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements to reflect
any change in its expectations or any change in events, conditions or
circumstances on which any such statement is based. Further information about
factors that could materially affect Grid Dynamics, including its results of
operations and financial condition, is set forth under the "Risk Factors"
section of the Company's quarterly report on Form Form 10-K filed February 28,
2023 and in other periodic filings Grid Dynamics makes with the SEC.

Media Contact:

Cary Savas

+1 (650) 523 5000

csavas@griddynamics.com

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SOURCE: Grid Dynamics

 

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