{"id":110207,"date":"2023-08-14T08:00:00","date_gmt":"2023-08-14T15:00:00","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/industry\/blog\/?p=110207"},"modified":"2024-07-25T13:50:10","modified_gmt":"2024-07-25T20:50:10","slug":"generative-ai-will-revolutionize-revenue-growth-management","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/industry\/blog\/retail\/2023\/08\/14\/generative-ai-will-revolutionize-revenue-growth-management\/","title":{"rendered":"Generative AI will revolutionize Revenue Growth Management"},"content":{"rendered":"\n
This blog will give you an overview and a solid foundation for Revenue Growth Management (RGM). In addition, we will show you how to strategically embed generative AI to drive stronger RGM outcomes.<\/p>\n\n\n\n
Let\u2019s start at the beginning. RGM is a cross-functional discipline within the Consumer-Packaged Goods (CPG) industry that uses advanced analytics to identify and analyze how to increase profits and find top-line growth opportunities. In a highly inflationary market that also experiences fast-changing consumer preferences, RGM has become a high-priority topic in most CPG organizations.<\/p>\n\n\n\n
We have a bold prediction. Generative AI will give more employees access to RGM tools and insights, as well as provide a path to help companies leap from their current level to higher levels of maturity. We call this RGM democratization, and it has incredible potential.<\/p>\n\n\n\n
Generative AI can address and solve some of the data, tool, and adoption challenges experienced today.<\/p>\n\n\n\n
One of the largest pain points of RGM has been the speed and accuracy of insights, due to the sheer volume, complexity, and messiness of data that serve as the foundation of this discipline. <\/p>\n\n\n\n