diff --git a/README.md b/README.md
index aa31495d88fc..6dd31be3e231 100644
--- a/README.md
+++ b/README.md
@@ -6,117 +6,76 @@
[](https://intelpython.github.io/dpnp)
[](https://securityscorecards.dev/viewer/?uri=github.com/IntelPython/dpnp)
+
+
# DPNP - Data Parallel Extension for NumPy*
+
+Data Parallel Extension for NumPy* or `dpnp` is a Python library that
+implements a subset of NumPy* that can be executed on any data parallel device.
+The subset is a drop-in replacement of core NumPy* functions and numerical data types.
+
[API coverage summary](https://intelpython.github.io/dpnp/reference/comparison.html#summary)
[Full documentation](https://intelpython.github.io/dpnp/)
-[DPNP C++ backend documentation](https://intelpython.github.io/dpnp/backend_doc/)
+`Dpnp` is the core part of a larger family of [data-parallel Python libraries and tools](https://www.intel.com/content/www/us/en/developer/tools/oneapi/distribution-for-python.html)
+to program on XPUs.
-## Build from source:
-Ensure you have the following prerequisite packages installed:
-- `cython`
-- `cmake >=3.21`
-- `dpcpp_linux-64` or `dpcpp_win-64` (depending on your OS)
-- `dpctl`
-- `mkl-devel-dpcpp`
-- `onedpl-devel`
-- `ninja`
-- `numpy >=1.19,<1.25a0`
-- `python`
-- `scikit-build`
-- `setuptools`
-- `sysroot_linux-64 >=2.28` (only on Linux OS)
-- `tbb-devel`
+# Installing
-After these steps, `dpnp` can be built in debug mode as follows:
+You can install the library using `conda`, `mamba` or [pip](https://pypi.org/project/dpnp/)
+package managers. It is also available as part of the [Intel(R) Distribution for Python](https://www.intel.com/content/www/us/en/developer/tools/oneapi/distribution-for-python.html)
+(IDP).
-```bash
-git clone https://github.com/IntelPython/dpnp
-cd dpnp
-python scripts/build_locally.py
-```
+## Intel(R) Distribution for Python
-## Install Wheel Package via pip
-Install DPNP
-```cmd
-python -m pip install --index-url https://software.repos.intel.com/python/pypi dpnp
-```
+You can find the most recent release of `dpnp` every quarter as part of the IDP
+releases.
-Set path to Performance Libraries in case of using venv or system Python:
-```cmd
-export LD_LIBRARY_PATH=/lib
-```
+To get the library from the latest release, follow the instructions from
+[Get Started With IntelĀ® Distribution for Python](https://www.intel.com/content/www/us/en/developer/articles/technical/get-started-with-intel-distribution-for-python.html).
-It is also required to set following environment variables:
-```cmd
-export OCL_ICD_FILENAMES_RESET=1
-export OCL_ICD_FILENAMES=libintelocl.so
-```
+## Conda
-## Run test
-```bash
-pytest
-# or
-pytest tests/test_matmul.py -s -v
-# or
-python -m unittest tests/test_mixins.py
-```
+To install `dpnp` from the Intel(R) conda channel, use the following command:
-## Run numpy external test
```bash
-. ./0.env.sh
-python -m tests.third_party.numpy_ext
-# or
-python -m tests.third_party.numpy_ext core/tests/test_umath.py
-# or
-python -m tests.third_party.numpy_ext core/tests/test_umath.py::TestHypot::test_simple
+conda install dpnp -c https://software.repos.intel.com/python/conda/ -c conda-forge
```
-### Building documentation:
+## Pip
+
+The `dpnp` can be installed using `pip` obtaining wheel packages either from
+PyPi or from Intel(R) channel. To install `dpnp` wheel package from Intel(R)
+channel, run the following command:
+
```bash
-Prerequisites:
-$ conda install sphinx sphinx_rtd_theme
-Building:
-1. Install dpnp into your python environment
-2. $ cd doc && make html
-3. The documentation will be in doc/_build/html
+python -m pip install --index-url https://software.repos.intel.com/python/pypi dpnp
```
-## Packaging:
+## Installing the bleeding edge
+
+To try out the latest features, install `dpnp` using our development channel on
+Anaconda cloud:
+
```bash
-. ./0.env.sh
-conda-build conda-recipe/
+conda install dpnp -c dppy/label/dev -c https://software.repos.intel.com/python/conda/ -c conda-forge
```
-## Run benchmark:
-```bash
-cd benchmarks/
-asv run --python=python --bench
-# example:
-asv run --python=python --bench bench_elementwise
+# Building
-# or
+Refer to our [Documentation](https://intelpython.github.io/dpnp/quick_start_guide.html)
+for more information on setting up a development environment and building `dpnp`
+from the source.
-asv run --python=python --bench .
-# example:
-asv run --python=python --bench Elementwise.time_square
-# add --quick option to run every case once but looks like first execution has additional overheads and takes a lot of time (need to be investigated)
-```
+# Running Tests
+Tests are located in folder [dpnp/tests](dpnp/tests).
-## Tests matrix:
-| # |Name |OS |distributive|interpreter|python used from|SYCL queue manager|build commands set |forced environment |
-|---|------------------------------------|-----|------------|-----------|:--------------:|:----------------:|------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------|
-|1 |Ubuntu 20.04 Python37 |Linux|Ubuntu 20.04|Python 3.7 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace pytest |cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|2 |Ubuntu 20.04 Python38 |Linux|Ubuntu 20.04|Python 3.8 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace pytest |cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|3 |Ubuntu 20.04 Python39 |Linux|Ubuntu 20.04|Python 3.9 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace pytest |cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|4 |Ubuntu 20.04 External Tests Python37|Linux|Ubuntu 20.04|Python 3.7 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace python -m tests_external.numpy.runtests|cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|5 |Ubuntu 20.04 External Tests Python38|Linux|Ubuntu 20.04|Python 3.8 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace python -m tests_external.numpy.runtests|cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|6 |Ubuntu 20.04 External Tests Python39|Linux|Ubuntu 20.04|Python 3.9 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace python -m tests_external.numpy.runtests|cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|7 |Code style |Linux|Ubuntu 20.04|Python 3.8 | IntelOneAPI | local |python ./setup.py style |cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis, conda-verify, pycodestyle, autopep8, black |
-|8 |Valgrind |Linux|Ubuntu 20.04| | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace |cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis |
-|9 |Code coverage |Linux|Ubuntu 20.04|Python 3.8 | IntelOneAPI | local |export DPNP_DEBUG=1 python setup.py clean python setup.py build_clib python setup.py build_ext --inplace |cmake-3.19.2, valgrind, pytest-valgrind, conda-build, pytest, hypothesis, conda-verify, pycodestyle, autopep8, pytest-cov|
+To run the tests, use:
+```bash
+python -m pytest --pyargs dpnp
+```