Artificial intelligence (AI) is the development and use of computers to perform tasks that traditionally require human intelligence, such as visual perception, speech recognition, and language translation.
Artificial intelligence (AI) is one of several disruptive technologies that consumer products industry can deploy to further advance their journey to digital maturity. AI technologies perform to help better inform decisions, and accomplish objectives that have traditionally required human intelligence, such as planning and reasoning from partial or uncertain information and learning. AI technologies can potentially strengthen a industry competitive advantage in the marketplace. In particular pairing with Deep Learning (DL).
- The implementation of AI technologies, industry in the consumer products space can potentially benefit is?
That can help organizations realize greater efficiencies, improved outcomes, and reduced costs.
Product and Service Innovations
Possible through AI technologies generated permutations of potential product and service dimensions.
AI technologies algorithms that quickly optimize scientific decision-making, allocate resources, and efficiently scale operations.
- The benefits for the consumer products include
In the apparel, fashion, and leisurewear space, products can be designed to suit a buyer’s individual features and needs. Food and beverage companies can customize packaging by using digital printing technology, such as new 3d printing, virtual reality and augmented reality.
Online product recommendations
An algorithm-driven user interface can provide product recommendations based on assessments of consumers buying patterns and product, making the shopping experience more relevant and satisfying. In particular so with the human like virtual customer assistant and chatbot.
Digital supply chain networks driven by AI have dramatically reduced turnaround, delivery, and customer service times.
The ultimate goal of incorporating AI with consumer product is to enable simpler and more direct shopping for both the producer and consumer. This will enable consumers to spend more time doing and finding what they really want. They are arranged based on the main categories associated with cognitive technologies.