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Media Announcement: Mintel Unveils Cutting-Edge Beauty Trends at in-cosmetics Asia 2024

BANGKOK, Nov. 4, 2024 – Mintel, the world’s leading market intelligence agency, is set to present exclusive insights at in-cosmetics Asia 2024 with sessions on the 2025 Global Beauty and Personal Care Trends and The Future of Skincare in Asia Pacific. This highly anticipated event will bring together over 600 global suppliers, R&D experts, and innovators in beauty and personal care from November 5-7.

Mintel’s 2025 Global Beauty and Personal Care Trends will explore three pivotal themes: ‘(My) Knowledge is Power’, ‘Turning the Tide is Power’, and ‘Think Slow, Move Fast’. These trends, grounded in Mintel’s core Trend Drivers such as Wellbeing, Identity, and Technology, forecast essential shifts in consumer demands, drawing on Mintel’s extensive global consumer data and product insights.

The trends to be presented are anchored on current market dynamics combined with a forecast of future developments over the next 10 years.

Unveiling Skincare’s Future in Asia Pacific will focus on the longevity trend, driven by factors such as an ageing population, rising life expectancy, and consumers’ preventative mindset. Mintelwill discuss how brands can embrace “slow ageing” to maintain longevity spending, how they can reinforce brand status with dermocosmetics quality, and how to harness brand loyalty through wellness-centered solutions.

With actionable insights, Mintel’s presentations will equip attendees to understand and respond to evolving consumer mindsets, giving them a competitive edge in the fast-evolving beauty and personal care landscape.

The Versatility of AI Avatars by Dave AI: Industry-Specific Use Cases

AI avatars are transforming various industries by providing personalized customer interactions, efficient service, and detailed product knowledge across multiple sectors. These digital personas, powered by advancements in AI and machine learning, simulate human-like engagements, tailoring conversations and responses based on user behavior and data. This innovative technology is reshaping customer service, sales, and educational platforms by offering a scalable, interactive experience that enhances user satisfaction and brand loyalty.

At the forefront of this revolution is DaveAI, which offers a robust Virtual Sales Avatar designed to optimize sales strategies. By leveraging AI and empathetic technology, DaveAI’s Virtual Sales Avatar serves as a knowledgeable sales agent, guiding customers through personalized purchasing journeys. This tool not only improves customer interactions but also integrates seamlessly across digital platforms, ensuring a consistent and engaging user experience that drives sales and boosts customer engagement.

In the age of digital transformation, companies are increasingly turning to advanced technologies to enhance customer engagement. Utilizing AI-powered avatars, businesses across various sectors are revolutionizing the way they interact with customers, offering personalized and interactive experiences that cater to modern consumer expectations.

How DaveAI’s Virtual Sales Avatar Drove a 33% Surge in Lead Generation for a Car Company

A leading car manufacturing company, in collaboration with DaveAI, implemented an AI-powered virtual sales avatar across its website, revolutionizing the brand’s digital customer experience. The challenge was to replicate the personalized, high-touch service of their physical showrooms online, while handling millions of interactions consistently. The car company needed a sophisticated AI solution capable of providing real-time assistance, adapting to individual customer needs, and integrating seamlessly with existing systems. The goal was to maintain the brand’s reputation for exceptional customer service in a vast and complex digital ecosystem.

The solution came in the form of an advanced virtual sales avatar, powered by speech recognition and NLP. This AI tool acted as an online showroom assistant, offering real-time product recommendations, personalized interactions, and seamless navigation assistance. Over 18 months, the avatar engaged in over 18 million unique customer interactions, resulting in a 33% increase in lead generation. The success of this initiative underscored the value of AI in enhancing customer engagement and driving business outcomes for the company.

How an air conditioning company’s Virtual Avatars Drove Holiday Success in Singapore

A prominent air conditioning company successfully elevated its brand awareness for one of their systems in Singapore through an innovative AI-driven campaign. Faced with the challenge of standing out in the competitive holiday season between Christmas and New Year, they needed a solution that could break through the noise and personally connect with a diverse audience. Traditional advertising methods weren’t enough to achieve the level of customization and personalization required, so they partnered with DaveAI to craft a unique, engaging campaign.

By deploying AI virtual avatars across 5,000 digital kiosks, powered by Intel CPUs and Nvidia GPUs, the company was able to create a personalized and interactive 3D experience for customers. DaveAI’s advanced middleware and lifelike avatars automated the video production process, allowing for faster, high-quality content generation. As a result, they saw a 30% increase in impressions and a 12% rise in engagement, illustrating how AI can drive impactful results in modern advertising campaigns.

Enhanced Digital Banking with AI-Powered Assistant, DhIRA

A prominent bank in India took a significant step towards the future of digital banking by introducing DhIRA, an AI-powered virtual assistant developed by DaveAI, across their websites and kiosks. This cutting-edge solution has enhanced the digital banking experience by offering real-time, seamless assistance to customers, thereby reinforcing their position as a pioneering digital bank.

The challenge they faced was establishing leadership in digital banking through the deployment of avatar-enabled self-service kiosks that allowed customers to conduct a variety of banking operations—from opening accounts to retrieving information—without human intervention. These Digi Banks were crafted to deliver a smooth digital experience across multiple platforms, including the bank’s website, ensuring a consistent and engaging customer journey throughout all digital and physical touchpoints in cities across Karnataka.

To overcome these challenges, the Bank launched DhIRA – Digital Human Interactive Relationship Assistant. DhIRA was designed to provide immediate assistance, delivering relevant responses tailored to the recognized intents of customers. The virtual assistant leveraged machine learning to enhance its response accuracy continually, thereby improving its ability to address customer queries more effectively over time. DhIRA also featured autocomplete suggestions, intent clarification, and contextual questions that aided in product discovery. It proactively guided users through their banking journey with personalized nudges and triggers that suggested the next best steps, significantly enhancing user interaction and satisfaction.

The introduction of DhIRA had a substantial impact on the way customers interacted with the bank’s digital platforms. By offering real-time support and tailored banking advice, DhIRA greatly enhanced customer satisfaction and engagement, fostering a sense of trust and loyalty among users. This initiative not only improved the efficiency of customer interactions but also solidified the bank’s reputation as an innovator in the field of digital banking.

Mukand Limited Unveils Advanced 16 TPH Boiler to Power Future Growth and Sustainability

30th August 2024: Mukand Limited, a leading name in the steel and engineering industry, proudly inaugurated its state-of-the-art 16 TPH boiler at its facility today. This new installation marks a significant upgrade from the existing 14 TPH boiler, enhancing the plant’s capacity to generate steam at a rated pressure of 17.5 kg/cm². The increased capacity is designed to meet the growing steam demand and support Mukand’s future expansion plans.

steel limited

Manufactured by Thermax Ltd., a trusted leader in boiler technology, this advanced boiler is equipped with the latest safety features and operates under a sophisticated PLC logic system. This automated control system manages burner sequence control, air and fuel ratio control, water level control, and steam pressure control, ensuring efficient and reliable operations.

The boiler also incorporates an Air Preheater, designed to recover heat from the flue gas and preheat the combustion air. This feature significantly reduces specific fuel consumption, contributing to the company’s energy-saving goals. Additionally, a sound-absorbing silencer has been installed in the air blower’s suction line to minimize noise pollution, enhancing the working environment for operators.

This new boiler is a testament to Mukand Limited’s dedication to operational excellence, energy efficiency, and environmental responsibility. As the company continues to innovate and grow, it remains steadfast in its mission to lead the industry with sustainable practices and cutting-edge technology.

Govt. Aims to Make India a Developed Nation by 2047, Targets Dollar55 Trillion Economy – Piyush Goyal

New Delhi, 1st August 2024: ASSOCHAM organized a special session on ‘Bharat@100: Leveraging unprecedented opportunities’ Shri Piyush Goyal, Hon’ble Minister for Commerce & Industry, Government of India graced the event as the Chief Guest. A book titled India@100: Envisioning Tomorrow’s Economic Powerhouse authored by Dr K V Subramanian, Executive Director, IMF was launched by Hon’ble Commerce and Industry Minister.

book

Speaking at the event, Shri Piyush Goyal, Hon’ble Minister for Commerce & Industry, Government of India said, “We have the ability, we have the willingness, the desire, we have the talent, skill and capability. As policy makers we have the intent and are deeply committed to making India a developed nation by 2047. The focussed efforts towards self-sufficiency in defence, electric mobility and enhancing the quality of our manufacturing setups combined with enhanced transparency and technology adoption will help us have a stronger currency and a stronger macro-economy to get us to a $55 trillion economy.”

“Our economy will be at $5 trillion in the next 3-3.5 years making us the third largest economy in the world. As we increase our shipping, focus on electric mobility and become sufficient in defense, we are looking at a rupee appreciation. We can replicate, if not better, the China story between 2000-20.” added the minister.

Mr Krishnamurthy Subramanian examines this once-in-a-century opportunity that is knocking on India’s doors in India@100: Envisioning Tomorrow’s Economic Powerhouse. India@100 makes a strong case that India is at a turning point that cannot be disregarded, with a daring vision based in Indian realities. Four major pillars—the macroeconomic emphasis on growth, the microeconomic focus on social and economic inclusion, the vision of ethical wealth creation, and the strategy of a virtuous cycle sparked by investment—are examined by Subramanian through meticulous research and perceptive analysis. He thoroughly discusses the options for policy and the areas in need of reform within each pillar.

India@100 effortlessly ignites the reader’s imagination and inspires a collective drive towards a future where India emerges as a dominant economic force. This is an invaluable book for anyone interested in the rise of the Indian economy.

Addressing the august gathering Shri Deepak Sood, Secretary General ASSOCHAM said, “The significant strides that the country has made in the preceding years is not by chance, it’ is by design, and the last 10 years are a testament of that. India is a highly resilient economy. A few years ago, becoming the 5th largest economy was our dream and today we are talking about becoming the 3rd largest economy in the world and there’s a lot of work that needs to go in. India has successfully earned global trust and we did this by leveraging our demography, our large market and therefore building the right capacities for making things happen.”

WIKA India Honored with ‘DCCIA Best HR Practices Award’

Pune, 21 April 2024: WIKA India, a leading global measurement technology company and apioneering force in the manufacturing sector,has been coveted with the ‘DCCIA Best HR Practices Award’ at the prestigious annual awards function of Deccan Chamber of Commerce, Industry, and Agriculture (DCCIA), held recently in Pune. Of the total 13 organisations who gave presentations, 07 were selected for the second round and finally, WIKA India was selected as the final winnerfor its exemplary Human Resources practices. This award was given on the basis of our onboarding and employees engagement process.

Mr. Gaurav Bawa, Senior Vice President of WIKA India, expressed his gratitude and said, “WIKA India humbly acknowledges the recognition as a testament to our unwavering commitment to nurturing talent and fostering excellence in our workplace culture.”

Anushka Sharma receiving the award (1)

Expressing her gratitude for the recognition, Ms. Anushka Sharma, Head Human Resources, WIKA India, said, “Receiving the ‘DCCIA Best HR Practices Award’ reflects our dedication to excellence and innovation in HR practices while setting a benchmark. This recognition sets a new standard for our industry peers and reaffirms WIKA’s leadership in the instrumentation sector. We are honored to be acknowledged for our dedication to nurturing talent and creating a dynamic workplace environment.”

DCCIA Best HR Practices Award (1)

The ‘DCCIA Best HR Practices Award’ recognizes organizations that demonstrate outstanding excellence and innovation in their human resources strategies and initiatives. This prestigious accolade, bestowed by the Deccan Chamber of Commerce, Industry, and Agriculture (DCCIA), highlights companies that prioritize the well-being, development, and engagement of their employees.

Mr. Rathin Sinha, Chairman of DCCIA, Mr. H P Srivastava, Vice Chairman of DCCIA, Mr. Vasudev Malu, Secretary of DCCIA, Mr. Prakash Dhoka, Treasurer of DCCIA and Mr. Vibhu Prasad, member of DCCIA amongst other dignitaries were present at the occasion.

” list of companies that are making a difference in the loyalty program industry.”

The global loyalty management market is estimated to reach $8.74 billion in 2023 and is expected to hit $13.99 billion by 2028, growing at a compound annual growth rate (CAGR) of 10.16 percent. Between drastic economic and social disruptions facing businesses, changes in consumer behaviour and expectations, and rapid technological advancements, the notion of loyalty is transforming rapidly. As a result, 2024 and beyond will see a very different loyalty management paradigm emerge for leading enterprises.

Here is the list of companies that are making a difference in the loyalty program industry.

POPcoins

Founded in 2023, POPcoins is India’s fastest-growing shopping currency used by 1.5 million+ customers and 100+ major D2C brands. POP helps modern businesses succeed by providing growth solutions focusing on two objectives: optimizing key metrics like conversion, customer acquisition cost, and customer lifetime value and enabling more informed decision-making through comprehensive customer profiling. As part of its mission, it just launched its first product – a loyalty stack that revolves around a fungible loyalty currency called POPcoins. This loyalty stack comes with a plug-and-play earn/burn feature, a comprehensive dashboard for behaviour control, and a best-in-class rewards layer that includes samples, discount vouchers from partners in our ecosystem, and lifestyle rewards. POP plans to launch an app that will allow users to buy from 1000+ new age brands for all their lifestyle needs. They can redeem their POP coins to avail discounts on these products. POP coins can also be used to buy POPminis- a curated collection of smaller pack-size beauty and food products at a price as low as Re.1″

Flipkart

Flipkart does have a customer loyalty program called Flipkart Plus, which offers rewards and discounts to regular customers. Flipkart Plus is a loyalty program that provides its members extra benefits. Flipkart SuperCoins is a first-of-its-kind rewards ecosystem designed to provide benefits to millions of Flipkart customers. SuperCoins is a multi-brand rewards ecosystem created by Flipkart to provide benefits to users on its platform and those on its partner brands.

Nectar

Founded in 2021, Nectar is a rewards and loyalty solution for e-commerce businesses, helping them improve repeat purchase and conversion rate through discounts, coupons and points. Provider of SaaS-based loyalty management software solutions for customer engagement to e-commerce businesses. The software feature includes rewards management, loyalty management, tracks of reward users on purchases, sign-ups, referrals, social media follows, reviews, analytics & reports on customer behavior, cross-selling of products, APIs, and web SDK for mobile integration, and more.

NetCarrots

NetCarrots Loyalty Services is a pioneer in providing Loyalty and Relationship Marketing services .

Since 2000, NetCarrots has been providing its clients with a unique mix of strategic consulting, project management services, technology, and creative and operational support services to achieve optimum profitability by more effectively managing relationships with customers, channel partners and employees. Since its inception, NetCarrots has continuously grown its expertise in delivering value to the most customer-centric businesses across various industries. NetCarrots experience cuts across diverse industries including BFSI / Manufacturing / Retail / Telecom / Consumer Goods / Travel & Hospitality / Construction / Real Estate / Entertainment & Healthcare.

Yotpo

Yotpo founded in 2011, powering the most exciting eCommerce brands. With the most advanced solutions for email and SMS marketing, loyalty and referrals, subscriptions, reviews, and visual UGC, Yotpo helps brands accelerate their growth by enabling advocacy and maximizing customer lifetime value. With Yotpo, brands can effectively leverage social proof to increase trust and sales, cultivate loyal customer advocates, boost recurring revenue, engage shoppers on top engagement channels, and so much more. And we want to make it all easy, too, for brands of all sizes.