Tech News

Tech Business News

  • Home
  • Technology
  • Business
  • News
    • Technology News
    • Local Tech News
    • World Tech News
    • General News
    • News Stories
  • Media Releases
    • Tech Media Releases
    • General Media Releases
  • Advertisers
    • Advertiser Content
    • Promoted Content
    • Sponsored Whitepapers
    • Advertising Options
  • Cyber
  • Reports
  • People
  • Science
  • Articles
    • Opinion
    • Digital Marketing
    • Guest Publishers
  • About
    • Tech Business News
    • News Contributions -Submit
    • Journalist Application
    • Contact Us
Reading: GPTStrategic and Treasury Wine Estates Launch Custom GenAI Solution to Unlock Insights
Share
Font ResizerAa
Tech Business NewsTech Business News
  • Home
  • Technology News
  • Business News
  • News Stories
  • General News
  • World News
  • Media Releases
Search
  • News
    • Technology News
    • Business News
    • Local News
    • News Stories
    • General News
    • World News
    • Global News
  • Media Releases
    • Tech Media Releases
    • General Press
  • Categories
    • Crypto News
    • Cyber
    • Digital Marketing
    • Education
    • Gadgets
    • Technology
    • Guest Publishers
    • IT Security
    • People In Technology
    • Reports
    • Science
    • Software
    • Stock Market
  • Promoted Content
    • Advertisers
    • Promoted
    • Sponsored Whitepapers
  • Contact & About
    • Contact Information
    • About Tech Business News
    • News Contributions & Submissions
Follow US
© 2022 Tech Business News- Australian Technology News. All Rights Reserved.
Tech Business News > Media Releases > GPTStrategic and Treasury Wine Estates Launch Custom GenAI Solution to Unlock Insights
Media Releases

GPTStrategic and Treasury Wine Estates Launch Custom GenAI Solution to Unlock Insights

Austech Media
Last updated: October 16, 2024 1:32 pm
Austech Media
Share
SHARE

Australian Generative AI solutions leader GPTStrategic has announced it has partnered with Treasury Wines Estates (TWE) to deliver its unique GenAI solution for streamlining workflows, increasing productivity, and paving the way for growth and innovation.

TWE is one of the world’s leading luxury and premium wine companies, with a global portfolio that’s available in more than 70 countries, including brands such as Penfolds, DAOU Vineyards, 19 Crimes, Pepperjack, Squealing Pig, Wynns, Matua, Beaulieu Vineyard, and Frank Family Vineyards.  

As the organisation has expanded and become more complex, it has been faced with the challenge of managing more data than ever, and interpreting insights across multiple divisions and central teams.  

TWE staff were increasingly finding that ‘legacy’ technologies weren’t sufficient to meet the demands of a dynamic, global business that generated and consumed a lot of data.

However, TWE has always been an innovative company open to adopting cutting-edge technologies early. The organisation’s ongoing growth and the increasing importance of rapid business intelligence presented a great opportunity to explore how Generative AI could deliver efficiencies in this area.

GPTStrategic and TWE discussed how GenAI tools could greatly assist with tasks like research, insights retrieval, and marketing, given TWE’s rich heritage and vast resources.

GPTStrategic then worked with TWE to achieve three key milestones: 

  1. The consolidation of data sources 
  2. Adopting an enhanced data management strategy
  3. Deployment of AI Assistants to streamline operations and reduce workloads

“At TWE, we have more data than we have ever had before, from the various range of insights across the company,” TWE Managing Director Angus Lilley said.

“We really needed a way in which we could organise that data into one point that the teams could access, and even more importantly and powerfully, have a way in which we could actually distil that data down into useful insights.”

The implementation of GenAI at TWE brought immediate and palpable benefits, significantly enhancing efficiency, reducing costly analyst time, and removing barriers to actionable insights.

In one case, John Wardley, TWE’s VP for Global Brand Innovation and Partnerships, commented that the GPTStrategic solution had helped prepare for and execute on a successful global brand launch. 

“It’s probably been the most robustly tested concept we’ve ever gone to market with,” he said. “At every turn we’ve used consumer insight to really sharpen our proposition and make sure it was relevant to consumers all around the world.”

These examples demonstrate a clear return on investment for TWE, with faster decision-making, sharper strategic insights, and reduced time to market.

Early in the project, GPTStrategic founder Andrew Gunnis said his team quickly recognised that combining their GenAI solution with TWE’s considerable data resources would allow those inside the company to get insights rapidly, effectively and efficiently.   

“Organisations can use AI agents to do anything from summarising long industry reports to creating bespoke marketing content for different territories,” he said.

“You could also have an AI agent that, for instance, analyses wine sales figures from all over the globe and provides insights about what variety is likely to come into fashion soon.”

Adele Felsch, Global Director of Insights, Strategy, and Planning at Treasury Wines Estate, emphasised that GenAl- transformation differs significantly from previous waves of digital transformation. 

“Innovation is at the core of everything we do at TWE,” she said. “This depth of understanding empowers us to craft wines and experiences that truly resonate with our consumers.”

GPTStrategic’s ‘Chief Disrupter’ Dave Phung said GenAI was less about doing the same things faster, and more about rethinking how work itself is done.

“Shoehorning new tech into existing processes tends to yield limited results. The key to unlocking the full potential of GenAI lies in freeing the business from preconceived ideas about current processes and instead focusing on a deeper understanding of desired outcomes.” he said.

The adoption of GPTStrategic’s GenAI at TWE represents a benchmark for technological innovation in the wine industry and beyond.

As TWE continues to refine and expand its GenAI footprint, the focus remains on leveraging technology to drive innovation, enhance decision-making, and support sustainable growth.

By Austech Media
Austech Media is Australian press release distribution and publishing organisation dedicated to the technology industry. Incorporating distribution of technology news and events
Previous Article Why Plaster Is Better Than Drywall For Your Home
Next Article CrowdStrike Appoints Louis Tague - Australia and New Zealand CrowdStrike Appoints Louis Tague To Accelerate Cybersecurity Transformation In ANZ
Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

GPTStrategic and Treasury Wine Estates Launch Custom GenAI Solution - Chief Disrupter’ Dave Phung

Tech Articles

Content creation platforms leveraged for phishing attacks

Phishing Attacks Exploit Content Creation Platforms

Content creation platforms are being leveraged for phishing attacks. Its…

September 17, 2024
IT managed services Australia

The Rise Of Managed IT Services In Australia

As we stand at the crossroads of technological advancement and…

October 14, 2024
Healthcare AI

AI Is Transforming Healthcare By Improving Workflows And Resource Management

Artificial Intelligence (AI) is transforming every industry. In healthcare, there…

October 12, 2024

Recent News

CDU opens centre to push boundaries on drone research
Media Releases

CDU Opens New Centre To Push Boundaries on Drone Research

4 Min Read
Tangerine THE REFRESHINGLY SIMPLE TELCO
Media Releases

Tangerine Announce The Re-Launch Of Its Brand A ‘Refreshingly Simple Telco’

4 Min Read
Australia's Banking sector - Fintech distruption
Media Releases

Australia’s Traditional Banking Sector Faces Significant Disruption

3 Min Read
Document Crunch Secures $21.5M in Series B Funding - Josh Levy, CEO
Media Releases

Document Crunch Secures $21.5M in Series B Funding to Maintain Compliance in Construction Projects

5 Min Read
Tech News

Tech Business News

Stay up to date with the latest technology & business news trends from Australia and the around the world.

Technology News reports and whitepaper publishing services are available along with media and advertising options

Our Australian technology news includes People, Business, Science, World News, Local News, Guest publishers, IT News & Tech News Australia | Tech News was established in 2019

About

About Us 
Contact Us 
Privacy Policy
Copyright Policy
Terms & Conditions

December, 10, 2024

Contact

Contact Information.
Melbourne, Australia

Werribee 3030

Phone: +61 431401041

Hours : Monday to Friday, 9am 530-pm.


Tech News

© Copyright Tech Business News 

Latest Australian Tech News – 2024

Welcome Back!

Sign in to your account