AI is transforming consumer goods at every level, including product development. Through the use of machine learning algorithms and data-driven insights, consumer goods companies are able to rapidly iterate and refine offerings, optimizing processes at every stage of the journey – from formulation right through to packaging.
In the process of understanding AI-driven breakthroughs, CPGs can anticipate and even stay ahead of changing shopper preferences, reduce time-to-market, and deliver innovative, personalized products that resonate with consumers.
In this edited webinar transcript, Scott Isaacson, manager of data science for Citrine Informatics, and Rob Kieschke, former senior director for AI and software research in the 3M Digital Science Community, touch on these themes with CGT editor-in-chief, Lisa Johnston. Over the course of the discussion, Isaacson, Kieschke, and Johnston paint a picture of what the future of automation within product innovation might look like, and how to best gain stakeholder buy-in and manage change as the pace of these innovations gains momentum.