The prediction of commodity prices has always been a cornerstone of global markets, influencing sectors from agriculture to energy, and from manufacturing to financial investments. Traditionally, this has been accomplished using econometric models, time series analysis, and domain-specific forecasting tools. However, the advent of Generative AI has opened up new possibilities for price prediction. Generative…
Retail Customer Analytics Imagine a world where marketers could effortlessly tailor their strategies to meet the needs and desires of each customer. This dream has become a reality with the advent of retail customer analytics which use customer segmentation and divide a target audience into distinct groups based on shared characteristics. Using these customer segments,…
The relevance of data and its effective presentation is gaining priority across the different business niches. As important as adopting the right tools to analyse data is important, it is equally significant to present the insights effectively. With the help of data visualization tools, it becomes easier to represent even complex information in a visually…
Menu Re-Engineering Menu re-engineering has become a crucial strategy for restaurants in the United States to stay relevant, attract customers, and maximize profits. Menu reengineering is a tactical and deliberate process that involves redesigning and optimizing a restaurant’s menu to elevate the overall dining experience. With the advancements in artificial intelligence (AI) and machine learning…
Menus with AI Your guests are looking for differentiated experiences when interacting with your brand including culinary experiences. Chefs across the world are constantly reengineering timeless recipes, giving new twists and taste enhancements to classic foods. How can the hospitality industry harness the power of generative AI to reengineer their Food and Beverage (F&B) menus…
Market Mix Modeling in generative AI The consumer packaging goods industry is highly competitive. Companies need to switch to advanced technologies to stay ahead of the competition. It helps in optimizing resource allocation that drives sales. Technologies like Artificial Intelligence continue to make an impact across different industrial niches. And the consumer packaging industry has…
Generative AI Use Cases: The Consumer Products, Consumer Packaged Goods (CPG), and Fast-Moving Consumer Goods (FMCG) industries are constantly seeking innovative ways to enhance product development, marketing strategies, and customer experiences. In recent years, generative artificial intelligence (AI) has emerged as a game-changing technology, offering tremendous potential for transforming these industries. This blog explores the…