Grid Dynamics Holdings Inc. (NASDAQ:GDYN) is one of the best IT stocks to buy according to analysts. On June 23, Grid Dynamics announced the launch of an innovative AI-powered engagement model for its software engineering services. The new model is designed to accelerate business transformation for Fortune 1000 enterprises by offering enhanced agility, quality, and faster time-to-market.

It expands Grid Dynamics’ offerings beyond traditional Fixed Price, Time and Materials, and Capacity-based engagements. The core of the new engagement model is the Grid Dynamics AI-Native Development Framework (GAIN Development Framework). The framework represents a shift from traditional effort-based development to an AI & Human collaboration model. It combines proprietary processes, human capital, and an AI-Enabled Development Platform.

Grid Dynamics Launches GAIN Development Framework to Accelerate Business Transformation with AI-Human Collaboration

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The GAIN Development Framework emphasizes lean teams composed of domain specialists, software architects, and experts in emerging technology, while using Grid Dynamics’ AI-Enabled Development Platform to automate routine coding and testing tasks. Based on internal benchmarks, Grid Dynamics expects this model to accelerate project delivery by achieving over 30% productivity improvements.

Grid Dynamics Holdings Inc. (NASDAQ:GDYN) provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.