Published: 18 March 2024
Summary
Gartner predicts that CG companies will leverage AI and GenAI with other technologies, such as IoT and digital twins, to profitably transform themselves. CG CIOs must prioritize digital investments to scale personalized products and improve customer experiences for margin and revenue growth.
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Overview
Key Findings
Consumer goods (CG) companies will soon deploy generative AI (GenAI) in core business processes, with current focus being on augmentation of workforce performance for immediate impact.
More than 80% of CG companies have added digital experiences or direct-to-consumer (DTC) channels to increase revenue and can expand their potential in the form of machine customers.
Consumer demand for product personalization is evolving, accelerated by the rise of digital-native consumers.
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