WEBVTT 00:00:00.000 --> 00:00:02.544 There has been a lot of investment in digital and 00:00:02.544 --> 00:00:05.255 AI capabilities inside the company, and I would 00:00:05.255 --> 00:00:08.258 say that the next two years are probably going to 00:00:08.258 --> 00:00:10.301 be the most transformative. 00:00:14.347 --> 00:00:17.976 Digital, AI, and GenAI are changing our world, 00:00:17.976 --> 00:00:20.729 especially health care. What are Bausch and Lomb 00:00:20.729 --> 00:00:24.399 doing to improve operational performance using 00:00:24.399 --> 00:00:26.067 the new technologies? 00:00:26.067 --> 00:00:27.902 We established an office of digital 00:00:27.902 --> 00:00:31.656 transformation and we have had some really good 00:00:31.656 --> 00:00:34.993 early success. We started in our manufacturing 00:00:34.993 --> 00:00:40.123 operations, looking at improving the efficiency 00:00:40.123 --> 00:00:43.835 of our contact lens lines, and that was a pilot 00:00:43.835 --> 00:00:49.007 that is now moving into expansion mode and 00:00:49.007 --> 00:00:53.636 working really well. We are using AI in our R&D 00:00:53.636 --> 00:00:57.974 organization, particularly as it relates to unmet 00:00:57.974 --> 00:01:02.187 need in retina, where we have this really great database 00:01:02.187 --> 00:01:07.567 of patient records. We are now scanning all the 00:01:07.567 --> 00:01:11.071 mechanisms of action to look for targets where 00:01:11.071 --> 00:01:14.115 maybe we could make a difference. 00:01:14.115 --> 00:01:18.745 We've looked at it commercially as well. We've deployed AI in our 00:01:18.745 --> 00:01:22.957 CRM system for our sales reps. We are looking at 00:01:22.957 --> 00:01:26.461 deploying it in a variety of other commercial 00:01:26.461 --> 00:01:28.838 aspects, and we are actually looking at it now as 00:01:28.838 --> 00:01:34.302 a management tool to help us do planning and 00:01:34.302 --> 00:01:36.596 budgeting. So it is front of mind. But it is 00:01:36.596 --> 00:01:38.723 beyond AI. We are still looking at digital 00:01:38.723 --> 00:01:41.017 expansion, our direct to consumer efforts in 00:01:41.017 --> 00:01:43.311 China, where we are now direct with a digital 00:01:43.311 --> 00:01:46.397 platform. So there has been a lot of investment 00:01:46.397 --> 00:01:48.983 in digital and AI capabilities inside the 00:01:48.983 --> 00:01:52.695 company. To be fair, I would say that the next 00:01:52.695 --> 00:01:54.614 two years are probably going to be the most 00:01:54.614 --> 00:01:58.368 transformative with respect to using these 00:01:58.368 --> 00:02:01.162 technologies to improve productivity and 00:02:01.162 --> 00:02:03.790 efficiency inside the business.