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DJI is building 1,000 custom drones for a construction company

Engadget

You might think of drones as consumer products, but DJI has unveiled a deal that shows where their future sales potential lies. Its commercial division is selling 1,000 custom Matrice 100 drones equipped with Skycatch imaging technology to Japanese construction equipment giant Komatsu. The sale represents the "largest commercial drone order in history," said DJI. It didn't reveal the total value of the contract, but off-the-shelf Matrice 100s, which are highly customizable, cost $3,200 or so, and the "Guidance" GPS module is another $1,000. That doesn't include the $1,800 per month price of Skycatch's "High Precision Package" used to create surveying maps and point clouds for builders and others.


Personalization, Artificial Intelligence (AI), And The New Consumer Products Industry

#artificialintelligence

The most disruptive force in the consumer products (CP) industry today is the consumer. In the old days, many consumers would accept poor buying experiences – mostly because they had nowhere else to go. But today, CP companies can no longer depend on captive consumers who are reliably channeled to a few retail outlets in the physical world, where the bulk of control exists on the supply side of the equation. In a digital economy, consumers can buy anywhere – in an instant. This change has led to an emphasis on outcomes.


Personalization, Artificial Intelligence (AI), And The New Consumer Products Industry

#artificialintelligence

The most disruptive force in the consumer products (CP) industry today is the consumer. In the old days, many consumers would accept poor buying experiences – mostly because they had nowhere else to go. But today, CP companies can no longer depend on captive consumers who are reliably channeled to a few retail outlets in the physical world, where the bulk of control exists on the supply side of the equation. In a digital economy, consumers can buy anywhere – in an instant. This change has led to an emphasis on outcomes.


Jessica Alba's Honest Company Considering 1 Billion Sale To Unilever: Report

International Business Times

The Honest Company, the household products company that claims to use non-toxic ingredients, was in talks with big consumer products companies to sell itself, according to a report last week. And another report Thursday said the company co-founded by Jessica Alba in 2011 could be bought by Unilever for over 1 billion. On Sept. 9, Recode cited anonymous sources who said Honest was in talks with global consumer products heavyweights, the likes of Procter & Gamble and Unilever. And a Thursday report in the Wall Street Journal cited unidentified "people familiar with the matter" to disclose that the British-Dutch consumer goods giant was in early talks to acquire the company. According to the Journal, the deal being discussed values Honest "at over 1 billion but significantly less than the 1.7 billion valuation that was placed on Honest in a fundraising round last year."


Titan experimenting with Artificial Intelligence led product design

#artificialintelligence

Artificial Intelligence (AI) or often called as machine learning, is finding its feet in every field. Be it stock trading, marketing, healthcare or fraud detection, the AI is certainly giving humans a run for their money. The newest addition of AI is coming in the product design front. That is the newest area in the consumer facing businesses where trends, fashion, preferences and taste changes every now and then. And the companies, already burdened with R&D overheads, are just not able to cope up with the fast change.