Invigor Group Limited (ASX: IVO) is pleased to confirm that it has signed a Memorandum of Understanding (MOU) with US-based, specialised data analytics company, Neal Analytics. See NealAnalytics.com.

Neal Analytics is highly regarded for its expertise in analytics, cloud, artificial intelligence (AI) and machine learning. Customers include iconic retailers and consumer goods brands such as Coca-Cola, Costco, Majid Al Futtaim Group, H&R Block, Barilla, Macys/Bloomingdale’s and many more blue-chip customers.

Under the MOU, both companies will partner to actively strengthen and promote each other’s data- driven solutions through their respective channels to market in Australia, Asia and North America.

Invigor will strengthen Neal Analytics’ advisory services and solutions, such as Advanced Demand ForecastingTM and SKU MaxTM , by providing real-time competitive pricing and promotional intelligence and improving accuracy and responsiveness of their AI-driven predictive analytics for major brands and retailers globally.

Invigor’s competitive price and promotion monitoring solution, SpotLiteTM, tracks prices and promotions of any product, on any online retailer and in any market globally on an intra-day, real-time basis.

Over the past five years, Invigor has amassed extensive product catalogues and historical data on major categories such as liquor, consumer electronics, household goods, tools and health and beauty which it provides to key retailers and brands in Australia including The Good Guys, Sharp, Accolade Wines, Moet Hennessy, Pernod Ricard, Aussie HiFi, Hanes and Kincrome.

Read full announcement HERE