Last week some of you braved the early morning snow to join CFBN and our distinguished panel of speakers for our Data Disruption breakfast - a look at how new technologies, data, and analytic tools are shaping and changing the value chain for food and beverage companies.
For food and beverage companies - whether still growing or an established CPG - the topic has multiple impacts and the panel stressed the importance and challenge of integrating data (in real time, no less) into your daily business operations. Data intelligence - how our industry gets up to speed and integrates technologies and tools (like AI, BI tools, blockchain, transparency tools, and manufacturing tools) - was a crucial common theme throughout the conversation. With all speakers final insights touching on integrating data learnings into the work of all your team members as they attempt to gain speed and a leg up on the competition.
Final thoughts shared included: the importance of transparency both for the consumer and the process holder (Martin Lutz, ProleiT); the need to understand new data privacy laws and protections that consumers are demanding and states are regulating (Colin Kerr, Bank of America); the importance of food brands using all the technologies at their disposal to attract, connect with, and communicate their ideals to the consumer (Shruthi Chandramouli, Enjoy Life Foods); and, the coming cross pollination of technologies and industries in the marketplace and how this will help us all to advance, as well as the needed low end disruption predicted for BI and business visualization tools (Stephen Mancini, Cohn Reznick).
Thank you again to our panel of insiders for sharing their early morning thoughts - looking forward to seeing what 2020 holds for data and technology advances for our industry!
Chicagoland Food & Beverage Network
1 W Monroe Street
Chicago, IL 60603
Tel (312) 525-9653