General Mills says AI has saved millions of dollars.

Diving Briefs:

• General Mills has helped millions of dollars in AI projects to help increase efficiency and optimize the supply chain, executives said. Investor meeting tuesday.
• The giant of the food industry used AI in the logistics plan to reduce transportation costs and increase the level of customer service. CFO Kofi Bruce Said. The AI ​​model also evaluates more 5,000 shipping every day from the factory to the warehouseIt draws more $ 20 million savings After fiscal year 2024. General Mills has the real -time performance data of manufacturing $ 50 million waste Reduction this year.
• General Mills’s digital, data and technology investment has doubled since 2019 and CEO Jeff Harmening. Efforts to strengthen the digital infrastructure Company’s strategic accelerationIt has been set as movement 5 years AGo.

Dive Insights:

Despite the fact that companies have spent millions of dollars in AI initiatives, leaders hope that expensive technology will save business funds.

Creating AI gained bad reputation last year. Difficult returnBut most business I couldn’t watch it technology Despite disillusionment. Most of the businesses that have not yet reached ROI for AI Initiatives We look forward to reducing costs It occurs Within 3 years According to the IBM report.

The focus of cost reduction is expanded throughout the industry.

Toymaker Mattel emphasized its emphasis. AI Initiative As part of a wider cost -saving initiative during the import telephone period last year. Financial service company Charles Schwab Also admitted to the use of AI Reduce costs A january Imported phone.

Leaders hope that leaders can lead profit growth by trimming costs and increasing efficiency. Home -producer Colgate-Palmolive He said he is using AI in profit growth management practices. To avoid unnecessary costs Strengthen the highest line growth during the meeting September. JPMORGAN Chase Executives estimated the company AI use case It will be delivered around Value of $ 2 billion in September meeting.

“We will be able to deal with the same money more or less.” President and COO Daniel Pinto Said.

The cost of AI has also begun to slipE, a company welcomed trend. Accenture Identification A 74% Reduction of annual cost Between GPT-3 and GPT-3.5 Turbo from December 2021 to December 2024. The existing cost structure was especially placed under the microscope. Release DeepSeek’s R1 model.

yet, AI meeting theory is not guaranteed,,, Even if there are initial signs of business success.

Most technical decision makers deal with the list of adoption barriers. more 90% of the leader Expressed concern Creating AI pilot According to: INFORMATICA. Leaders also acknowledged the pressure to move the project faster.