AI Driven Product Innovation: Staying Ahead with Shruti
Tntra’s AI engine, Shruti AI, is revolutionizing product development. By leveraging advanced AI capabilities, Shruti AI accelerates prototyping, fosters collaboration, and enhances product quality. This powerful tool empowers businesses to innovate rapidly, improve product performance, and stay ahead in today’s competitive market. Continue reading to learn more
Overcoming the issues of flavor and digestion with soybeans has long been a barrier for plant-based food firms. Using AI-driven product innovation, the Korean food tech startup PlantEat examined more than 4 million food data points in order to take on this challenge head-on. Hayoung soybeans were developed as a result of this identification of manufacturing process improvement opportunities. Hayoung is non-GMO, has an improved taste, and is simpler to digest. Hayoung’s cultivation is currently being expanded globally by The PlantEat, demonstrating the influence of AI in producing more sustainable food alternatives.
The well-known home fragrance brand LAFCO is combating unpleasant smells in two ways. They started by developing a potent odor-neutralizing mixture. Subsequently, they collaborated with AI to enhance their top-selling scents, such as Marine and Chamomile Lavender. A range of artificially generated perfumes with a focus on optimal performance and an enhanced user experience was created after AI recognized the advantages and disadvantages of the previous formulae.
(Source: MMR Research)
AI and Product Innovation: By the Numbers
It’s predicted that by 2027, almost 30% of manufacturers will use generative AI to increase the productivity of their product development, and 53% of businesses are already utilizing AI software product engineering solutions to enhance their production procedures.
AI-enabled manufacturing companies outperform those that stick to traditional ways by a factor of 12%.
80 percent of marketers think that artificial intelligence (AI) technology is a revolution that will transform all industries’ work processes, not just a fad.
How Shruti AI Drives Product Innovation
Tntra’s state-of-the-art AI engine, Shruti AI, is completely changing how companies approach new product development. Shruti AI gives businesses the ability to improve product quality, shorten time to market, and quicken product development cycles by utilizing cutting-edge machine learning algorithms, software product engineering services, and natural language processing skills.
Here’s how Shruti accelerates innovation:
- Rapid Prototyping
Product innovation with Shruti AI speeds up development. By creating early product designs based on industry trends, consumer feedback, and historical data, it facilitates fast prototyping. This shortens the time to market considerably and enables companies to rapidly refine their concepts. Shruti AI’s generative design powers optimize product ideas for cost, weight, and strength, resulting in creative and effective goods. Moreover, Shruti AI’s automated processes for validation and testing guarantee product quality and lower the possibility of errors. - Foster Collaboration
Shruti AI encourages innovation and teamwork in businesses. It makes it easier for the various teams working on a product to collaborate with one another, encouraging creativity and quickening the development process. In addition, Shruti AI’s capacity for information sharing fosters an environment of ongoing learning and development, halting knowledge erosion and quickening the pace of customized products in software engineering. Furthermore, Shruti AI can assist companies in finding and establishing connections with possible collaborators for cooperative product development projects, resulting in the development of ground-breaking and inventive goods. - Enhance Product Quality
In addition to quickening AI-powered product development, Shruti AI improves product quality. By scheduling preventative maintenance and analyzing sensor data from products, its predictive maintenance capabilities can schedule potential problems and increase product reliability while decreasing downtime. Additionally, Shruti’s capacity to evaluate client data gives companies the flexibility to customize goods and services to meet the wants of specific clients, which boosts client happiness and loyalty. Shruti AI makes continual optimisation and development possible by regularly evaluating data on product performance, guaranteeing that goods stay competitive and satisfy changing consumer demands.
Final Thoughts
Industry-wide product innovation is being propelled by the potent Shruti AI for product innovation. Through expediting development cycles, augmenting product quality, and facilitating data-driven decision-making, Shruti AI is assisting enterprises in maintaining a competitive edge and producing satisfying consumer experiences. We may anticipate that Shruti AI will become significantly more important in influencing future product innovation as AI technology develops. Tntra is a leading software product engineering company that can help you leverage AI to achieve unparalleled business outcomes.
If you want to learn more about Shruti’s AI capabilities, contact us today!