Artificial Intelligence (AI) in Consumer - Thematic Intelligence

Artificial Intelligence (AI) in Consumer - Thematic Intelligence
Summary

Artificial intelligence (AI) refers to software-based systems that use data inputs to make decisions on their own. Recent progress in machine-learning (ML) algorithms (e.g., OpenAI's GPT-4) and increasing computing power have enabled AI to solve problems in real-time. GlobalData estimates the total AI market will be worth $909 billion in 2030, growing at a compound annual growth rate (CAGR) of 35.2% between 2022 and 2030.

The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. There are numerous potential uses for AI across these sectors. Data science and ML are strong investments across all areas. However, the sectors cannot stop at AI-powered data analytics applications. They must also explore computer vision (CV), smart robots, AI sensors that automate manufacturing and distribution logistics, and generative AI tools that increase efficiency across corporate departments and customer service operations and enable innovation in product design.

Reasons to BuyUnderstand the impact of the AI theme on the consumer goods, foodservice, and packaging sectors. Understand the impact of generative AI on the consumer goods, foodservice, and packaging sectors. Access the latest data on the AI theme within the consumer goods, foodservice, and packaging sectors. Identify the leading digital transformation efforts from consumer goods, foodservice, and packaging companies through investment into the AI theme. Access case study insights on leading players within the AI theme.