May 17, 2020

L'Oreal: turning big data to cosmetic innovation

Retail
Big Data
E-Commerce
Harry Menear
2 min
L'Oréal has selected Talend to improve its ability to collect, verify and draw insights from data to drive product innovation
The beauty industry was one of the first commercial sectors to harness the power of large scale data gathering and analytics in order to better pinpoint...

The beauty industry was one of the first commercial sectors to harness the power of large scale data gathering and analytics in order to better pinpoint, shape and respond to customer demand. Companies like Alibaba’s Tmall Innovation Group have access to data gathered from more than 4bn customers to draw from when developing new lines of products that drive innovation within their customer bases. 

"Data and artificial intelligence allow us to move faster to create cosmetic products that meet the infinite diversity of beauty needs and desires of consumers around the world,” said Philippe Benivay, IS Experimental Data Intelligence at L'Oréal. 

As a world leader in the beauty and cosmetics sector, L'Oréal is constantly to innovate at the breakneck pace of the industry. Today, the company announced that it has selected cloud data integration and data integrity company, Talend, to power its Research & Innovation (R&I) department's data lake in a private IaaS environment on Microsoft Azure. 

SEE ALSO: 

With Talend, L'Oréal's R&I teams can ingest its variety of scientific, IoT, and marketing data, to power cutting-edge analysis and new product innovation.

"In the globalized beauty industry, L'Oréal must innovate ever faster to meet the desires and needs of customers looking for new products and services that respect their bodies and the environment. Our vision is to deliver services to our businesses that they have not yet considered," said Benivay. “Talend, in our private cloud environment on Microsoft Azure, helps us transform R&I into a value-added service that can leverage all research data to deliver the best in cosmetic innovation in terms of quality, efficiency, and safety." 

The deployment will allow L'Oréal to connect all types of databases, structured laboratory data, and very heterogeneous and sometimes raw data sources, such as robotic measurement or images data. Talend's solution allows L'Oréal to incorporate intelligent algorithms directly into data integration flows in the form of APIs.

The data lake enables the R&I to consolidate and prepare data to facilitate researchers' analyses and help them base their conclusions on reliable, high-quality data.

Share article

Jul 30, 2021

IoT market expected to grow due to increase in IoT use cases

IoT
Internet of Things
market growth
Catherine Gray
3 min
The Internet of Things (IoT) service market is expected to grow at a rate of 24% through 2025 according to a report by The Business Research Company

An increase in the internet of things use cases is expected to drive the IoT service market, according to the IoT Services Global Market Report 2021: COVID-10 Growth and Change to 2030.

IoT has found its use in many areas over the years. It can be used in manufacturing, farming, smart cities, transportation and in many other industries and fields.

Due to the fact it can be utilised in many industries, there is an increased need for IoT services and applications. IoT services that provide support by delivering services such as consulting, data management, network management and security services, are in much higher demand.

The impact of COVID-19 on the IoT services market

According to the report, the global IoT services market is expected to grow from $139.24 billion in 2020 to $162.39 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%.

In the coming years, the IoT managed services market size is expected to reach $381.16 billion in 2025 at a CAGR of 24%.

This growth lends itself to companies resuming operations and adapting to the new normal as we emerge and recover from the pandemic.

Previously, COVID-19 restrictions led to restrictive containment measures, remote working and the closure of commercial activities that resulted in operational challenges.

IoT use cases driving growth

The IoT services market consists of the sales of IoT services and their related products. IoT services are delivered by the IoT services providers. These providers provide consulting, security and analytics services as per the requirements of the business.

Major players in the IoT services industry are Cisco Systems, Cognizant, Google, Infosys and Tieto Corporation, to name a few.

An increase in IoT use cases is expected to drive the IoT service market; this is where IoT can be used to automate processes and increase productivity. As it has found many uses cases over the years, this increases the demand for IoT services and this is expected to drive growth.

Enhancing deployment workloads with edge or cloud computing

Despite the expected growth, low enterprise adoption is expected to hinder the IoT services market. Although IoT has its use in many industries, due to factors such as low awareness, enterprise adoption is low, the report states.

Only 29% of enterprises have adopted IoT solutions according to the Omida data survey.

Edge or cloud computing however is enhancing the deployment workload on IoT devices, according to the report. This solution facilitates data processing and data storage in the cloud.

Microsoft released its Azure IoT Edge recently. This fully managed service is built on Azure IoT Hub. By moving certain workloads to the edge of the network, businesses that utilise Microsoft’s IoT platform spend less time communicating with the cloud, react more quickly to local changes and operate reliably in extended offline periods. 

The IoT Services Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides an IoT services market overview

Share article