{"id":11486,"date":"2023-09-22T17:51:17","date_gmt":"2023-09-22T16:51:17","guid":{"rendered":"https:\/\/fei-online.com\/?p=11486"},"modified":"2023-09-22T17:51:17","modified_gmt":"2023-09-22T16:51:17","slug":"givaudan-launches-customer-foresight-an-ai-driven-eye-on-the-future","status":"publish","type":"post","link":"https:\/\/fei-online.com\/givaudan-launches-customer-foresight-an-ai-driven-eye-on-the-future\/","title":{"rendered":"Givaudan launches Customer Foresight \u2013 an AI-driven eye on the future"},"content":{"rendered":"
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\r\n\r\n\"LUBRIPLATE\"<\/a>\r\n<\/p>\n<\/div><\/section><\/div>

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Givaudan launches Customer Foresight \u2013 an AI-driven eye on the future<\/h1>\/ in E-News<\/a> <\/span><\/span><\/header>\n<\/div><\/section>
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As an important part of its 2025 digital strategy, Givaudan is launching Customer Foresight. This exclusive, proprietary futurescaping platform, built in-house at Givaudan\u2019s Digital Factory in Paris, France leverages Givaudan\u2019s human expertise, big data and AI to anticipate tomorrow\u2019s challenges, foresee consumer expectations, and create good food experiences.<\/h3>\n

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Customer Foresight is an industry first, able to identify early indications about impending, future shifts that will impact the food and beverage industry. It is designed to support customers in understanding, planning for and addressing disruptive changes in consumer desires, guiding strategic planning, and leading to co-creation opportunities. As it becomes smarter through AI, Customer Foresight will have the ability to anticipate what\u2019s next a decade from now \u2013 or beyond.<\/p>\n<\/div><\/section>
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Louie D\u2019Amico, President Taste & Wellbeing, Givaudan commented: \u201cWe\u2019re dedicated to helping our customers understand and unravel the complexities of consumers\u2019 evolving needs and expectations. I\u2019m truly excited about the limitless applications and usecases that Customer Foresight will provide. Our experts are able to gain insight and foresight into any future food or beverage opportunity. Their resulting foresights can include anything from customisable and transversal future scenarios, to visualized target personas brought to life virtually.<\/p>\n

The company announced its development of Customer Foresight during the first half of 2022 and has been working with a select group of customers in different markets testing it from end-to-end. The powerful results from the pilot led to forward-thinking, new experience concepts based on data-driven foresights and futurescaping prowess.<\/p>\n

Nandita Prabhu, Givaudan\u2019s Customer Foresight Director explained: \u201cFor our customers, understanding potential futures in a category, particular market, and for a specific target consumer can be a game-changer. In our recent pilot programme we supported a customer in turning around declining growth in their carbonated soft drinks category in an important emerging market. Customer Foresight considered every aspect of the market \u2013 the region, country, segment, category, and brand dynamics, as well as related or adjacent consumer and product attributes and movements.\u201d<\/p>\n

From there, AI refined, sorted and clustered this mass of data into clear patterns of weak signals and drivers of change, which ranged from demographic and social to economic, and environmental.<\/p>\n

Prabhu continued: \u201cOur foresight experts, known as \u2018futurescapers\u2019, then mapped these patterns and created potential scenarios, leading to specific ideas for new product experiences. The result was true, actionable foresight that \u2013 in a fast and entirely new way \u2013 guided high value concepts fit to address a complex issue such as declining growth. This really is an industry first.\u201d<\/p>\n

Customer Foresight has now been rolled out to Givaudan futurescapers globally for selective use on key opportunities that meet certain thresholds. Givaudan\u2019s exclusive AI-enabled capability will continue to evolve through data enrichment and deep learning to create unique and disruptive innovations as it anticipates what is to come in the years ahead.\u201d<\/p>\n<\/div><\/section>
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