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How is Generative AI Transforming Product Development in Blue Chips?
Generative AI revolutionises product development, aiding from beer brewing to design iteration, enabling customer-centric solutions.
What is Generative AI?
Generative AI is a subset of artificial intelligence that leverages machine learning techniques to generate new data instances. It's like an artist who, after studying countless styles and techniques, can create a unique piece of art. In the context of product development, Generative AI can autonomously generate multiple design alternatives, explore a vast universe of possible solutions, and even create new products more quickly.
Brewing Beer with AI: A Case Study
Huw Leith, the founder of Intelligent X, has demonstrated an intriguing application of AI in brewing beer. Intelligent X uses AI to make critical brewing decisions, encode brewer intuition, and evolve their beer based on customer feedback.
Huw says, "AI is about making decisions and when you brew beer, there's a lot of decisions that need to be made and intelligent X, we take all the choices, really the methods, so we put that in a data structure." This approach has led to the creation of beers that are not just liked, but loved by their customers.
Generative AI in Large Brands
Generative AI is not just for startups. Large brands are also leveraging this technology to innovate and streamline their product development processes. For example, companies like Autodesk are using generative design to explore all the possible permutations of a solution, quickly generating design alternatives and learning from each iteration.
The Future of Product Development
Generative AI is poised to reshape the future of product development. As Huw Leith puts it, "We're trying to predict the future about what our customers want, and ideally at the end we would then give someone their own unique beer based on their flavour profile of what they like from beers." This vision extends beyond brewing beer. It's about using AI to create products that are more optimised and personalised for the customer.
Dr. Chris Brauer, Director of Innovation in the Institute of Management Studies at Goldsmiths, University of London, also echoes this sentiment. He believes that the future of work will be characterised by human and AI collaboration, where AI will augment human abilities and help us make more informed decisions.
AI for Digital Product Development within Blue Chips
At Red Badger, we believe in the power of AI to revolutionise digital product development within Blue Chips. We see a future where AI is not just a tool, but a collaborator that helps us understand our customers better, make more informed decisions, and create products that our customers love.
Generative AI holds immense potential for creating a more personalised and engaging customer experience. It's not just about creating a product that everyone kind of likes, but a product that is tailored to the individual preferences of each customer. As Huw Leith says, "What if that brand can have a real engaged conversation with you and it can learn about what you like? So the next product that you get is more optimised to you as a person."
Generative AI is more than just a buzzword. It's a powerful tool that can drive innovation, enhance customer engagement, and revolutionise product development. Whether you're a beer enthusiast, an AI aficionado, or a Blue Chip company looking to innovate, the future of product development lies in Generative AI.