3AI New Next Roundtable Series:
AI in CPG & Retail – The new frontier in Innovation
Friday, January 22nd, 2021 | 3pm - 4:30pm IST
3AI New Next Roundtable Series
3AI: India’s largest platform for AI & Analytics aspirants & professionals in association with Xtechalpha: New Age thought leadership accentuation platform have come together to unveil a unique and differentiated roundtable series: 3AI New Next that will focus on exploring capabilities, applications, use cases of AI adoption in multiple industries coupled with recommending the AI journey roadmap for accomplishing transformation & innovation. The roundtable will also discuss on the upcoming AI opportunities for the new age and existing professionals on the business, domain, technology and functional side and will also relay the requisite competencies and proficiencies that the aspirants and existing workforce need to develop to excel in the AI arena.
AI in CPG & Retail – The new frontier in Innovation
Most consumer packaged goods companies (CPGs) & retail players have struggled to find solid footing in a turbulent industry. 34 of the world’s top 50 consumer goods companies & retail companies have experienced a decline in revenues, profits or both in recent years compelling CPG & retail executives to find new ways to compete , stay relevant and innovate afresh.
Retail and consumer products organizations are entering a new phase of innovation – with Artificial Intelligence (AI) at its core. The ramifications are profound, offering a host of previously unimaginable capabilities – from automatically rerouting shipments to bypass bad weather, to personalizing in-store services based on analysis of a customer’s facial expressions. Per the latest research shows two in five retailers and brands are already leveraging AI, and that number is on track to double within the next three years. Future AI-driven capabilities, solutions & applications look to be far more extensive than many consumer products and retail companies currently realize. AI raises the transformational & innovative capabilities of CPG manufacturers and retailers to a new level and helps to optimize decision-making and to automate processes and actions. This includes optimizing internal processes such as logistics, inventory, and supply chain management in order to reduce costs as well as increasing revenues as a result of addressing market and customer demand more effectively and through optimizing the individual customer experience through improved analysis of consumers’ preferences and buying behavior.
For CPG & Retail companies, ensuring product availability at the point of sale is among the major goals. For online retailers, it is particularly important to be able to offer fast delivery times. At the same time, inventory and stock-related costs and logistics costs are also often factors to consider in order to further reduce costs. AI can be leveraged to optimize assortment and inventory planning, warehouse operations, and a more efficient routing of goods in the channel. Based on machine learning techniques, algorithms, and rules, products can be automatically allocated in an optimum way and in the optimum amounts to various channels and store locations, based on sales history and demand forecasts.AI is still in the early stages of adoption among CPG companies and retailers. However, given the huge potential of AI to improve process operations and also the customer experience, the number of use cases for AI will grow exponentially in the medium to long run. The experts in the roundtable will ruminate, debate and provide the art of possible with AI in the CPG & retail industries.
Anchor & Participants
Head, Analytics & Business Insights at Myntra
Dipayan has driven business transformation using Analytics and Data Science for 18 years, generated significant top and bottom-line benefits as a consultant and leader of internal Analytics Centers of Excellence
Deep domain exposure, worked and consulted across multiple sectors and geographies: CPG, Retail, Ecommerce, Banking, Technology, Travel, Multi-level Marketing, General Insurance firms across India, US, Canada and S E Asia.
Dipayan is a nationally recognised analytics leader: delivered workshops and seminars at several leading analytics conferences in India and S E Asia. Previously, Dipayan has worked at Flipkart, HSBC & WNS.
Global Analytics Lead – Operations , supply chain & Logistics at ABinBev
Kishore comes with 18+ years of multifarious experience in analytics consulting , delivery , client engagement in CPG/Retail space with high expertise in supply chain , logistics , operations functions. Currently , Kishore is Global Analytics Lead – Operations , supply chain & Logistics at ABinBev wherein he is responsible for driving multiple strategic initiatives and designing & delivering key products within global analytics center for captive usage and also streamlining global analytics vendor strategy for APAC, North America & South America.
Previously , Kishore was working as Principal Consultant at Fractal Analytics and was responsible for driving P&G relationship with 220 + analytics associates and significant P&L responsibility. Prior to Fractal , Kishore worked with Associate Director – Analytics at WNS and was responsible for running multiple analytics engagements in CPG , Retail industries. Kishore is alumnus of IIM Calcutta .
Vice President - Consumer Business at Bridgei2i
Vijaya Ghosh is a Data and Analytics Leader with more than two decades of experience in evangelising data centricity and smarter decisions with data. She started her career in a functional role as a Marketing manager with Tata Motors and crossed over to Analytics consulting role with erstwhile Marketics. She has worked in start ups (Marketics, Manthan, Antuit) and large companies (IBM, TCS) in Analytics consulting roles primarily working with clients in CPG and Retail space. Vijaya was leading CPG Analytics practice at TCS working with the leading companies in the industry to deepen and expand Analytics penetration. She has proven experience in ideation, design thinking, strategy development and implementation of industry leading solutions. Currently, Vijaya leads the Consumer Business as Vice President at Bridgei2i.
Leader at Co-creation Lab at WNS
Dnyanesh a.k.a Dan has spearheaded and facilitated multiple design-led interventions across industries and echelons. From conducting intense design led workshops at the WTC New York to create ‘dashboards of tomorrow’ for global leaders to design thinking workshops in the Delhi vegetable market to design customer experience! His spectrum of experience in design thinking covers human-centred design, UX design, CX design, instructional design, product design, design for data & analytics and design for AI.
In his last two stints, Dan set up new verticals across two separate organisations and is now doing the same at WNS as its leader for Co-Creation labs. Prior to this, At Fractal, he was responsible for driving cross-functional business transformation through a blend of data-driven and human-centred methods of innovation (Design Thinking).
Dan has conducted design workshops across the globe – Paris, NY, Amsterdam, Strasbourg, Frankfurt, Mumbai, Delhi, etc with clients like BASF, Mars, Reckitt Benckiser, Colgate, Vodafone & lots more with diverse audiences – from data scientists to social engineers.
Client Partner at Fractal Analytics
Bhaskar Roy is Client Partner for APAC business at Fractal. In a career spanning over 16 years, Bhaskar has led new client acquisition and scaling engagements for high growth clients across Retail, Banking/ Financial Services and Telecom domains, driving innovative solutions in areas of AI-led digital transformation. During his time with Fractal, Bhaskar has played multiple roles, managing large, high-growth portfolio of clients. He has incubated the Retail Analytics practice, led capability development and scaling for Customer Analytics, and helped stabilize and grow an off-shore delivery center in eastern Europe. He has also been engaged in the start-up ecosystem to bring the voice of AI to the table for decisioning and sharpening GTM focus.
Bhaskar career has taken him through different industries and geographies, having lived and worked in the US, UK and India. Prior to joining Fractal, he has been in strategic roles with Accenture (Customer Analytics), Target (Risk Analytics) and Genpact (Marketing Analytics).
Solutions developed by Bhaskar have spanned various areas of AI and Data Science applications, including patented work covering Predictive Analytics and Optimization solutions. He holds a Bachelors in Statistics from University of Delhi and a Masters in Economics from Jawaharlal Nehru University.