Summary "ForeSights: AI Artisans" explores the potential for artificial intelligence to play a more influential role in product development by generating formulation ideas and recipes that would otherwise take experts years to create. It more specifically looks at the implications of this emerging trend in the context of the craft or artisan segment.
Machine-learning can process a vast amount of product, consumer, and macro data to essentially emulate the work of product experts and artisans but in an incomparably more efficient manner. The development of a whiskey co-created with Microsoft’s artificial intelligence algorithm illustrates how the role of the craftsman is being threatened by the promise of machine learning.
Scope - AI has valuable utility across every point along the customer journey. It currently has the greatest impact at the retail stage of the customer journey, while the product innovation stage is comparatively underutilizing AI.
- The categories that are best placed to incorporate AI into product development are those in which product formulations are typically complex, and where subtleties in flavor and aroma can make the difference between a “mainstream” and “premium” product.
- Apprehension or distrust towards the ongoing pervasion of technology and data in the consumer experience has the potential to inhibit the success of products created via machine learning; however, current consumer perceptions suggest they may actually spark consumer interest.
Reasons to buy - Identify future potential commercial applications for emerging concepts in fast-moving consumer goods.
- Understand the relevant consumer trends and attitudes that drive and support innovation success so you can tap into what is really impacting the industry.
- Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
- Access valuable strategic take-outs to help direct future decision-making and inform new product development.
Our reports have been used by over 10K customers, including:
The AIOps Market is expected to grow at a CAGR of 26.2% during the forecast period 2021 to 2026. Large volumes of alerts, significant IT noise, and signals distributed across disparate tools hold back DevOps professionals. Meanwhile, teams’ requirement to improve performance across IT infrastructure and more accurately solve and resolve incidents...
Global Enterprise Storage Outlook to 2024 Summary Global Enterprise Storage Outlook to 2024 analyses the current trends, drivers and challenges impacting the enterprise storage market.The report also presents GlobalData’ view of the revenue opportunities in the servers market through to 2024, highlighting...
The Global Workplace Safety Market size is expected to reach $21.3 billion by 2026, rising at a market growth of 10.6% CAGR during the forecast period. Workers’ safety has gained considerable attention due to the increasing safety concerns as a result of high number of causalities at the workplace. By adopting safety systems, it becomes possible...
The global medical imaging and informatics industry is undergoing rapid change with the emergence of new technologies, evolving clinical and administrative needs, and the introduction of new policies and regulations, making it necessary for industry participants to continuously innovate to maintain their competitive edge.New technologies such...
This IDC Perspective takes a look at WekaIO and its WekaFS parallel file system platform, discussing both its technical differentiators and its go-to-market strategy. The unstructured storage market is undergoing significant change right now. In addition to maintaining more traditional general-purpose file sharing and scale-out file system...
This IDC Perspective covers the definition of the feature store, its value to businesses, and associated challenges. While early in the life cycle, this capability will support the growth and adoption of ML technology and enable companies to realize strategic business benefits. This document provides an overview of some of the leading feature...
This IDC Market Perspective provides a focus on value in network analytics. When examining network analytics solutions, it is easy to be drawn to leading-edge capabilities (e.g., packet telemetry, synthetic transactions, cloud visibility, user experience measurements, and machine learning). Of course, these advanced capabilities are often...
This IDC Market Note provides IDC's perspective on Nokia's Digital Operations Center solution for addressing the service provisioning, activation, and assurance functions relative to digital services enablement."One of the greatest challenges communications SPs face is how to provision, activate, and assure digital services in a 5G/MEC environment...
Global Telecom Order Management Market By Component (Solution v/s Service), By Deployment Mode (On-Premise v/s Cloud), By Organization Size (Large Enterprises v/s SMEs), By Product Type (Customer Order Management, Service Order Management and Service Inventory Management), By Network Type (Wireline v/s Wireless), By Company, By Region,...
As the urbanization Mega Trend gains momentum, water infrastructure and resources are experiencing extreme stress across the globe.An expanded population density within cities has driven the need to develop policies and regulatory frameworks aimed at curbing water loss and improving water conservation.
The monetary loss caused by...
Advanced IT
Artificial Intelligence
Internet Of Things
Data Analytics
World
APAC
Latin America
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.