On this episode of BRAVE COMMERCE Eduardo Luz, Chief Brand and Concept Officer at Panera discusses AI, generosity, and a member first approach with hosts Sarah and Rachel. With an exceptional 55 million loyalty members, Panera has identified "generosity" as the defining characteristic of their brand. Eduardo delves into how Panera's dedication to generosity, towards individuals, community, and the planet, has shaped their initiatives. Through their approaches, such as donating their unsold goods to local nonprofits, Panera has not only reinvented themselves technologically but is staying true to their core values. Eduardo discusses how integrating AI technology in their customer service initiatives has aided in the diversification of their revenue streams and increased their conversion rate by 30 to 40% in the first 3-4 months of implementation. emphasizing the goal of achieving both brand objectives and an enhanced consumer shopping experience. He emphasizes that finding the correct balance between technology and authenticity is key when developing an AI strategy. Key Takeaways:By adopting AI technologies such as machine learning and chatbots, businesses can improve operational efficiency, increase customer engagement, and drive growthA strong brand identity helps differentiate a business and resonates with customers on a deeper levelBy integrating a technology-first mindset throughout the organization, businesses can foster an environment of innovation and stay at the forefront of their industry Hosted on Acast. See acast.com/privacy for more information.