WEBVTT 00:00:00.000 --> 00:00:02.502 - We never thought of this as a technology initiative, 00:00:02.502 --> 00:00:04.963 but really it's a people transformation. 00:00:05.171 --> 00:00:07.298 - In our recent AI work survey, 00:00:07.298 --> 00:00:10.802 we found that companies are reporting the adoption 00:00:10.802 --> 00:00:12.595 of AI has doubled, 00:00:12.595 --> 00:00:14.431 but only half of them are saying 00:00:14.431 --> 00:00:17.350 that they're actually really capturing the value. 00:00:17.350 --> 00:00:20.395 Now, we've had a front-row seat 00:00:20.395 --> 00:00:22.814 in the journey of Reckitt 00:00:22.814 --> 00:00:25.483 looking to achieve that value from AI. 00:00:25.483 --> 00:00:27.152 Bastien, can you tell us a little bit about 00:00:27.152 --> 00:00:28.486 that journey to date? 00:00:28.486 --> 00:00:30.530 - Yes, so our belief was that AI 00:00:30.530 --> 00:00:32.282 can reinvent the way we work, 00:00:32.282 --> 00:00:34.659 so really according to work processes. 00:00:34.659 --> 00:00:36.453 And so the journey we've had together here 00:00:36.453 --> 00:00:40.790 was around marketing and then moving quickly into R&D. 00:00:40.790 --> 00:00:43.501 And so in the past 18 months, we've been deploying 00:00:43.501 --> 00:00:45.879 AI solutions embedded in day-to-day work 00:00:45.879 --> 00:00:48.590 for our teams in marketing and R&D 00:00:48.590 --> 00:00:50.050 for about a few thousand people, 00:00:50.050 --> 00:00:52.093 so it's really something at scale. 00:00:52.093 --> 00:00:53.887 And we actually see very promising 00:00:53.887 --> 00:00:58.099 and great results in the quality of what we have 00:00:58.099 --> 00:01:02.353 in our innovation process as well as our teams 00:01:02.353 --> 00:01:03.855 are more effective in their day-to-day 00:01:03.855 --> 00:01:07.067 and in turn spend more time in actually having 00:01:07.067 --> 00:01:09.652 proper scientific research and R&D 00:01:09.652 --> 00:01:11.780 or in marketing, looking at making more, better 00:01:11.780 --> 00:01:13.198 decisions every day. 00:01:13.198 --> 00:01:14.741 And so that's what we've been deploying 00:01:14.741 --> 00:01:16.367 at scale in the past 18 months. 00:01:16.367 --> 00:01:17.535 - That's fantastic. 00:01:17.535 --> 00:01:21.247 And you know, we talk a lot about the 10-20-70. 00:01:21.247 --> 00:01:23.833 That 10% of the effort is about the algorithms, 00:01:23.833 --> 00:01:28.004 20% about the data and technology, 70% about the people. 00:01:28.004 --> 00:01:30.673 What's your experience with that, Elaine? 00:01:30.673 --> 00:01:32.092 - Absolutely spot on. 00:01:32.092 --> 00:01:33.551 We started off anyway, 00:01:33.551 --> 00:01:36.096 we never thought of this as a technology initiative, 00:01:36.096 --> 00:01:39.432 but really it's a people transformation initiative as well. 00:01:39.432 --> 00:01:42.393 And we've seen that, as Bastien has said, 00:01:42.393 --> 00:01:44.562 people are adopting it 00:01:44.562 --> 00:01:46.397 because they're becoming more efficient, 00:01:46.397 --> 00:01:49.943 they're becoming 70% more efficient in insights generation, 00:01:49.943 --> 00:01:51.861 they're becoming more effective. 00:01:51.861 --> 00:01:55.073 Innovation ideas are testing two to three times better, 00:01:55.073 --> 00:01:56.908 and therefore we see up to 00:01:56.908 --> 00:01:59.494 80% adoption rates on some of these solutions 00:01:59.494 --> 00:02:00.745 that we've built. 00:02:00.745 --> 00:02:03.790 - And so Bastien, how do you think about all of that 00:02:03.790 --> 00:02:06.584 and actually funding the journey? 00:02:06.584 --> 00:02:08.837 - So it's an enterprise journey. 00:02:08.837 --> 00:02:11.256 And so we don't look at it as tech costs. 00:02:11.256 --> 00:02:13.508 AI is what transforms functions 00:02:13.508 --> 00:02:15.468 and ultimately end-to-end processes, right? 00:02:15.468 --> 00:02:18.555 And so we started with our growth engine, 00:02:18.555 --> 00:02:20.598 which is marketing and R&D together, 00:02:20.598 --> 00:02:22.934 and now we are moving beyond that as well. 00:02:22.934 --> 00:02:26.479 And so we really consider AI as an enabler 00:02:26.479 --> 00:02:29.482 for transforming the way we work and function. 00:02:29.482 --> 00:02:32.569 And as such, it is being governed and tracked 00:02:32.569 --> 00:02:35.071 and monitored from the top 00:02:35.071 --> 00:02:37.699 to across all of the organization 00:02:37.699 --> 00:02:40.410 in a way that is bringing true business value. 00:02:40.410 --> 00:02:43.121 And so with this comes the right investment 00:02:43.121 --> 00:02:45.623 in platform, in people, in change, 00:02:45.623 --> 00:02:48.918 and that's how we are deploying AI as an enterprise journey. 00:02:48.918 --> 00:02:51.254 - So within that as an enterprise journey, 00:02:52.130 --> 00:02:53.798 what's next, Elaine? 00:02:53.798 --> 00:02:57.051 - What's next is we're going to keep doing what's working 00:02:57.051 --> 00:02:59.512 and we're going to fix the things that are not working. 00:02:59.512 --> 00:03:01.222 But I think what's working was the approach 00:03:01.222 --> 00:03:03.850 that we took in terms of augmenting humans. 00:03:03.850 --> 00:03:05.476 So we are talking about human augmentation 00:03:05.476 --> 00:03:08.771 and how can we help everyone become much more intelligent 00:03:08.771 --> 00:03:11.566 in terms of the way we work, connecting the dots as well. 00:03:11.566 --> 00:03:14.527 So like Bastien alluded to workflows, right? 00:03:14.527 --> 00:03:16.154 But not just within marketing or R&D, 00:03:16.154 --> 00:03:17.906 but actually across the enterprise, 00:03:17.906 --> 00:03:19.574 looking at an end-to-end workflow, 00:03:19.574 --> 00:03:21.159 for example, for innovation. 00:03:21.159 --> 00:03:22.869 So I think that's what's keeping us busy 00:03:22.869 --> 00:03:23.912 at the moment, right? 00:03:23.912 --> 00:03:25.246 That human augmentation 00:03:25.246 --> 00:03:28.875 and the connective system of it all together. 00:03:28.875 --> 00:03:30.251 - Thank you so much for sharing 00:03:30.251 --> 00:03:31.628 a few of your insights today. 00:03:31.628 --> 00:03:32.462 - Thanks for having us. 00:03:32.462 --> 00:03:33.254 - Thank you.