Businesses cut costs thanks to AI

NGỌC LÊ |

From textiles and garments to animal husbandry and food, the application of AI is helping businesses shorten processes, reduce costs and improve competitiveness.

Changing the way businesses produce and sell

When mentioning technology transformation in businesses, Mr. Pham Van Viet - Chairman of the Board of Directors of Viet Thang Jean Company - said that the application of AI has helped businesses save about 70-80% of costs in many stages, especially in production and operation.

According to him, the clearest change occurs in sales activities. Previously, to produce a video for sales, businesses may have to spend about 3 million VND, but now with AI, the cost is reduced to only about 300,000 VND per video, and can be deployed almost immediately.

Not only stopping at the marketing stage, AI also penetrates deep into the production process. Stages such as cutting fabric, stamping, and making diagrams are almost completely automated through an AI-integrated cutting system.

If previously preparing for a season of goods took up to 6 months, now the entire process, from design to product completion, can be reduced to only about 15 days" - Mr. Viet said.

From this reality, it can be seen that AI is creating a major shift in the way businesses operate, not only optimizing costs but also increasing the speed of response to the market.

Not only in the textile and garment sector, the trend of applying high technology is also spreading to many other manufacturing industries, especially animal husbandry and food.

Mr. Nguyen Thanh Son - Chairman of the Vietnam Poultry Association - said that the livestock industry is developing strongly thanks to digital technology and AI. Many large enterprises have applied modern technology throughout the process, from mounting livestock monitoring chips to using automatic systems, robots to treat waste and monitor physical condition.

According to him, applying high technology in animal husbandry is no longer a new trend but has become a foundation for development. This is an inevitable step to improve competitiveness, when science and technology play a "lever" role in promoting industry modernization.

In that context, the livestock industry is shifting from "stock increase" to "value increase", while meeting the requirements of social responsibility, environment and food safety. The goal of net zero emissions by 2050 also creates great pressure, forcing the industry to promote the application of technology to reduce greenhouse gases.

Technology becomes a "lever" for manufacturing industries

From the perspective of trade promotion, Mr. Le Anh Hoang - Deputy Director of the Ho Chi Minh City Trade and Investment Promotion Center, emphasized that AI is present in every link of businesses, from analyzing customer taste, optimizing R&D formulas to forecasting consumer trends on e-commerce platforms. According to him, AI has become an inseparable part of production and business activities.

The application of AI and practical data is also considered a key factor in improving competitiveness, especially for the food industry, one of the four key industries of Ho Chi Minh City. This technology helps businesses detect risks, manage supply chains, control quality and grasp consumption trends more effectively.

Sharing the same view, Dr. Nguyen Ba Thanh - Director of the Institute of Biotechnology and Food (Ho Chi Minh City University of Industry) - said that the scale of the AI market in the food industry is expected to reach 18.3 billion USD by 2026 and may increase to 84 - 88 billion USD by 2030, equivalent to a compound growth rate of 39%.

According to him, the food industry is currently facing a major challenge when the product development process lasts from 18 to 36 months, while investment costs are high and up to 80% of new products are eliminated from the market in the first year. However, when applying practical data, businesses can shorten the product development time by up to 50%, putting products on the market in just 3 to 9 months, while reducing 40% of costs in the sensory evaluation stage.

He emphasized that in the context of increasingly fierce competition, AI and data are not only supporting tools but have become an urgent requirement. If data is the foundation, then the combination of smart systems and expert competence will determine the success of products in the market.

NGỌC LÊ
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