SCALE AI Announces $1.1M Investment in Adastra x Taiga Building Products Supply Chain Optimization Project | New
TORONTO–(BUSINESS WIRE)–August 22, 2022–
Adastra, a global leader in AI and machine learning, is proud to announce that it has secured a $1.1 million investment from SCALE AI to support a chain optimization platform project procurement for its partner Taiga Building Products.
SCALE AI is Canada’s supercluster dedicated to strengthening the country’s leadership role in artificial intelligence and data science. This is the second SCALE AI-funded project for Adastra this year, following their $1 million investment in developing a smart platform to optimize agricultural yield in April 2022.
“By using AI to enable data-driven decisions on these critical elements of Taiga’s supply chain, there will be a direct impact on the consumer with available inventory, reduced costs and a greater variety of products,” said Darren Edery, CEO of Adastra. “One of Taiga’s retail customers will participate in the project and provide real-time data that will feed into Taiga’s ‘just-in-time’ inventory model to create tangible impact throughout the supply chain building materials.”
Adastra saw a need for the project due to the fragmented nature of the building materials supply chain. The overall goal of this initiative is to use data inputs that are readily available in disparate systems and to use advanced AI techniques to solve three of the most pressing bottlenecks in the supply chain. building materials: accurately forecasting demand, maximizing truckloads and optimizing warehouse layouts. .
“Taiga sees the use of technology, especially machine learning/artificial intelligence technology at the retail level, as a significant step forward for our customers,” said Hanif Jessani, Director, IT, Taiga Building Products. “Promoting these tools will increase revenue for our customers and improve the overall value chain in the LBM space.”
In 2021, Adastra received a Microsoft Impact Award in Artificial Intelligence. These annual awards recognize Microsoft partners who have focused on improving the lives of Canadians and have demonstrated excellence in sales, marketing, skills, innovation and implementation of customer solutions based on Microsoft technology. Coupled with its two SCALE AI-funded projects, Adastra is quickly becoming a leader in helping organizations solve complex supply chain problems with artificial intelligence and machine learning. Their space-proven solutions have unlocked value for organizations and their customers.
Contact us to find out how Adastra can help your organization on your AI/ML journey.
Adastra transforms businesses into digital leaders. Since 2000, Adastra has been helping global organizations accelerate innovation, improve operational excellence, and create unforgettable customer experiences, all through the power of their data. By providing cutting-edge artificial intelligence, cloud, digital and governance services and solutions, Adastra helps companies harness data they can manage and trust, connecting it to their customers – and their customers around the world. We have a proven track record of delivering enterprise solutions to Fortune 1000 and SMB organizations across all industries. More information can be found at www.adastracorp.com.
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CONTACT: Claire Elder, Corporate Communications, 1-647-308-8952
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE PROFESSIONAL SERVICES CONSTRUCTION & REAL ESTATE TRANSPORTATION BUILDING SYSTEMS SOFTWARE NETWORKS DATA ANALYSIS INTERNET DATA MANAGEMENT LOGISTICS/SUPPLY CHAIN MANAGEMENT
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PUBLISHED: 08/22/2022 12:00 PM / DISK: 08/22/2022 12:02 PM
Copyright BusinessWire 2022.