Company Working with One-of-a-Kind Retail and E-Business Lab Developing New Algorithmic Decision Processes; Renowned Technology Center Supported by National Science Foundation
PARK CITY, Utah–(BUSINESS WIRE)–Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions for retailers, today announced a research and development partnership with the Information and Decision Algorithm (IDeA) Laboratories at Brigham Young University, enabling Park City Group to develop new and emerging retail technologies in cooperation with university researchers.
The IDeA Labs relationship will enable Park City Group to improve upon its already robust product suite of forecasting, computer assisted ordering, and demand replenishment tools. Park City Group believes that this relationship will significantly add to its deep portfolio of patented intellectual property and that its customers will see the benefit of this partnership in the very near term. In fact, through its work with IDeA Labs, Park City Group is already realizing significant improvements to its forecasting algorithms.