Introduction to Live Verdure's AI Enablement proof of concept

Live Verdure Ltd (ASX: $LV1) has announced the successful transition of Stage 1 of the AI Enablement proof of concept (POC) into the Stage 2 implementation, with initial AI workflows and outputs now live in the Edible Beauty business. The POC, deployed in collaboration with Decidr.ai, is demonstrating the application of AI technology in various business areas within Edible Beauty, including website customer interactions, 3rd party platform integrations, front and back office workflows. The full deployment is expected to be completed in Q1 FY'25.

Executive Commentary on AI Enablement proof of concept

When asked about her experience with the Decidr POC, Managing Director and Founder of Edible Beauty, Anna Mistos, expressed excitement about the potential of the AI technology. She mentioned that the POC has allowed for a more scalable and personalized approach, freeing up the team to focus on other business activities. Anna Mistos also highlighted the significance of leveraging intelligence based on the company's data and expressed anticipation for further AI roles within the company.

Summary of Live Verdure's AI Enablement proof of concept

Live Verdure Ltd (ASX: $LV1) has successfully advanced to Stage 2 of the AI Enablement proof of concept with the deployment of initial AI workflows and micro-agents in the Edible Beauty business. The collaboration with Decidr.ai has enabled the integration of various data sources, the release of an intelligent on-site agent called 'Ava', and the development of dynamic marketing workflows and real-time FAQ managed by Decidr micro-agents. The POC aims to demonstrate the application of AI technology and an AI-organizational approach in multiple business areas within Edible Beauty. The company anticipates further harnessing AI's potential to drive innovation and growth. While not immediately financially material, the strategic significance of the POC is emphasized. Live Verdure remains committed to delivering innovative, high-quality products and leveraging technology to fuel growth and business-wide optimizations across its Health, Wellness, and Skincare brands.