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| Subject: |
INNOVATION
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| Period: |
June 4, 2018 to August 20, 2018
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| Geographies: |
Worldwide
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| Categories: |
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
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Contents
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 Alibaba Cloud has developed ET Agricultural Brain, an artificial intelligence-enabled platform for helping agricultural enterprises, including hog farmers, in China. Proprietary in design, the system is aimed at helping farmers to improve their livestock raising and crop production through innovations. With a special focus on hog farming, ET Agricultural Brain uses algorithm-based models to develop an “exercise regimen” for pigs to improve their health, as well as their piglet yields. China is the world’s largest producer of pork, according to data from the USDA Foreign Agricultural Service. It also accounts for half of the world’s pork consumption, data from Singapore-based DBS showed.
"That’s Some Pig: How AI’s Serving Up Better Pork in China", Alizila, June 07, 2018
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Restaurant companies are trying blockchain applications to manage their various operations, including customer loyalty programs and supply chains. For example, Chanticleer Holdings uses blockchain, which is a digital, peer-to-peer technology designed to store encrypted data and protect it from fraud, to manage its loyalty program. With blockchain, the company is letting customers earn points and rewards across its restaurant brands. Closely linked to the cryptocurrency bitcoin, blockchain lets users share and access data through a decentralized system that is both open and anonymous. However, developers can add safeguards and safety parameters to the technology.
"Explaining the Rise of Blockchain in Restaurants", QSR Magazine, July 01, 2018
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 Beauty brands are adopting artificial intelligence technologies, including augmented reality, to create personalized marketing. With 70 percent of American women beauty buyers claiming being overwhelmed by product choices in a May 2018 survey by marketing firm Automat, beauty marketers see the need to provide consumers with product recommendations tailored to their needs. Beauty retailer Sephora’s Virtual Artist, for example, lets users upload photos in Messenger to virtually try on lipstick shades recommended by bots. However, marketers need to convince consumers to try and be comfortable with AI-enabled initiatives, with about a third of respondents saying they were unsure about using a virtual beauty advisor.
"Beauty Marketers Are Getting Personal with AI", eMarketer , July 03, 2018
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 Facebook has announced plans to allow advertisers to display their products on its Messenger and News Feed platforms using new technologies, including augmented reality. Facebook VP for product marketing for global marketing solutions, Ty Ahmad-Taylor, introduced AR-enabled ads that let consumers virtually try on sunglasses and makeup products. Beauty brand Michael Kors was the first advertiser to try AR ads, which include a “Tap to try it on” option.
"Facebook is testing augmented reality ads in the News Feed", Tech Crunch, July 10, 2018
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Beauty retailers’ adoption of technology to create personalized marketing has helped them avoid the bankruptcies affecting the rest of the retail market. Data from the timeline released by CB Insights in March 2018 showed beauty retail is growing faster than the apparel and footwear segment of the retail market. Marketing technology investments made by beauty retailers include L’Oreal’s acquisition of ModiFace, a company that integrates augmented reality into apps operated by several beauty brands, including retailer Sephora. Department stores, including Target and Saks Fifth Avenue, are implementing AR-enabled apps and platforms.
"Why beauty retailers are leading the way in digital transformation", ClickZ, July 12, 2018
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 Skincare brand Olay has doubled its sales conversion rate by using artificial intelligence to help focus and personalize its marketing. According to Nara Logics CEO, Jana Eggers, Olay’s Skin Advisor online skin-advisor tool has engaged more than 4 million customers. Nara Logics uses for Olay the same machine learning algorithm that is used for the U.S. intelligence community, Eggers said. She also said companies planning to use AI need not hire people with data science Ph.D.’s, with software engineers usually capable of and excited about using the technology.
"How Olay used AI to double its conversion rate", VentureBeat, July 19, 2018
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 Korean cosmetics company Innisfree launched its first New Retail store in China. Located at the Li Xing Shopping Plaza in the country’s Hangzhou region, the store comes with New Retail digital and interactive features. Developed by Alibaba founder Jack Ma in 2016, New Retail is designed to use technology to combine online and offline shopping “into one comprehensive channel”. It offers customers convenience whether buying through an app or at an offline store. New Retail features include Magic Mirror, an AR-enabled technology which lets consumers virtually try makeup products; Smart Skin Analyzer, which analyzes the user’s skin and recommends the best Innisfree products based on the skin report; and Vending Machine, which lets consumers buy products at discounted prices using the Taobao mobile app.
"Innisfree Rejuvenates Its Store Experience in China", Alizila.com, July 20, 2018
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 Meitu Inc., developer of an online beauty ecosystem with 450 million users, launched its first Meivolution Festival in Shanghai, China. Combining the Chinese character Mei, which means beauty, with the English word evolution, the event marks the first time the company hosts an offline event. During the festival, Meitu users can join their communities and friends using photography, augmented reality, and image optimization technologies offered by the company. Also, during the event, Meitu will highlight technologies, including artificial intelligence for testing skin quality and providing make-up tips.
"Beauty app holds its first off-line party in Shanghai", Shine.cn, July 20, 2018
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 HiMirror, an internet-connected smart mirror, lets users scan and analyze their skin. Designed as an “at-home beauty and fitness consultant”, the device allows users to sign in with their face and access its functions using an interactive touchscreen. Its daily skin analysis gauges 10 indicators, presenting the results as a slide show or through a mobile app. Equipped with LEDs, the mirror includes five lighting settings and lets users zoom.
"The future of beauty? A magic mirror that scores your skin and plays fitness consultant", The Evening Standard, July 21, 2018
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 Japanese beauty brand Kanebo’s subsidiary, e’quipe, Ltd., plans to launch a service featuring the digital mirror developed by Silicon Valley-based MemoMi Labs Inc. Buyers of SUQQU brand of cosmetics can experience the service while receiving a Gankin facial muscle massage at some retail stores. According to the company, a built-in digital image recorder will record the facial massage session and sends the video to the customer’s smartphone.
"e’quipe to Introduce MemoMi Labs Digital Mirror", Beauty Packaging, July 23, 2018
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