Teradata and Antuit.ai Partner to Deliver Pragmatic AI Business Solutions for Retail and CPG

Rhea-AI Summary

Teradata (NYSE: TDC) and Antuit.ai have announced a partnership aimed at enhancing digital transformation for retailers and consumer packaged goods (CPG) companies. This collaboration combines Teradata Vantage, a multi-cloud data platform, with Antuit.ai’s AI capabilities for precise demand forecasting and inventory optimization. The joint solution is expected to significantly improve decision-making around demand planning and merchandising, providing a competitive edge in the booming omnichannel and e-commerce sectors. Together, they aim to deliver substantial ROI for businesses leveraging these technologies.

Positive

• Strategic partnership with Antuit.ai to enhance digital transformation for retailers and CPG companies.
• Combines Teradata Vantage's multi-cloud data platform with Antuit.ai’s AI solutions for demand forecasting and inventory optimization.
• Expected to improve decision-making in demand planning and merchandising.
• Potential for substantial ROI for users of the combined solutions in omnichannel and e-commerce.

Negative

• None.

Teradata and Antuit.ai have announced a partnership to help retailers and consumer packaged goods (CPG) companies digitally transform their operational decision making and drive revenue growth. Teradata (NYSE: TDC) is the connected multi-cloud data platform for enterprise analytics. Antuit.ai is the leader in SaaS AI Demand Intelligence solutions for supply chain, merchandising and marketing.

The partnership brings together Teradata Vantage, the modern multi-cloud data platform for enterprise-scale analytics, and Antuit.ai’s AI solution portfolio, which delivers incredibly accurate demand forecasting, demand shaping and omnichannel inventory optimization. Together, Teradata and Antuit.ai will deploy the latest AI innovation over the best data platform for managing the breadth and depth of consumer data to optimize decision making for demand planning, assortment, allocation and pricing. The combined cloud-based solution creates the opportunity for significant return on investment.

“With omnichannel and e-commerce booming, companies need to be even more exact in their inventory and merchandising decisions across all sales channels. Leveraging Teradata Vantage and Antuit.ai enables demand forecasting and merchandise planning optimization across any multi-cloud environment. This joint solution is exactly what retail and CPG companies need to create a competitive advantage in the marketplace right now,” said John Knieriemen, Industry Vice President, Retail / CPG at Teradata.

“Teradata has long been the data warehouse and data platform of choice for many of the world’s most forward-thinking retailers and consumer products companies. We are pleased to offer our AI solutions to their customer base to help drive transformational decisions across supply chain, revenue growth management and merchandising, and we look forward to this partnership,” said Patrick Smith, Chief Customer Officer of antuit.ai.

About antuit.ai

Antuit.ai is the leader in AI-powered solutions for Forecasting and Merchandising, empowering world-class retailers and consumer products companies to digitally transform their businesses and achieve substantial business results. To learn more, visit www.antuit.ai.

About Teradata

Teradata is the connected multi-cloud data platform for enterprise analytics, solving data challenges from start to scale. We help businesses unlock value by turning data into their greatest asset. See how at Teradata.com.

The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210427005337/en/

FAQ

What is the partnership between Teradata and Antuit.ai about?

The partnership focuses on enhancing digital transformation for retailers and consumer packaged goods companies through AI-driven demand forecasting and inventory optimization.

How will the Teradata and Antuit.ai partnership benefit businesses?

It aims to improve decision-making in demand planning and merchandising, providing businesses with a competitive edge and significant ROI.

What technologies are involved in the Teradata and Antuit.ai collaboration?

The collaboration integrates Teradata Vantage, a multi-cloud data platform, with Antuit.ai's AI solution portfolio.

What market segments are targeted by the Teradata and Antuit.ai partnership?

The partnership primarily targets the retail and consumer packaged goods sectors.

What is expected from the joint solution by Teradata and Antuit.ai?

The joint solution is expected to enhance operational decision-making and drive revenue growth for its users.