Unless you have been living under a rock, you have heard about ChatGPT and all the advances with Large Language Models specifically and artificial intelligence in general. If you haven’t tried, ask ChatGPT how to make paint! But ChatGPT is relying on public data and all your formulations data is proprietary, so what to do? AI-powered formulating is finally here and ready for prime time. It’s being used to dramatically accelerate fundamental discovery. It is speeding new and derivative product development. AI is dramatically speeding our understanding of cause-and-effect relationships between ingredients, and functional and technical performance. AI can also assist with formula optimization, efficiently recommending formulations that meet specific targets. The business benefits of such advances are tremendous - reduce product development timelines, increase market responsiveness, and accelerate time to revenue. So what can your company be doing today to leverage AI when formulating? This presentation will cover:
- How to set your AI strategy;
- Discuss the factors that have historically made AI hard to actualize;
- Determine how best to overcome these challenges in your organization;
- Provide an actionable roadmap to make AI a reality.
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