Fonterra Co-operative Group Ltd. – Digital Transformation Strategies
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Fonterra Digital Transformation Strategies Report Overview
Fonterra has been focusing on data-led innovation as a part of its digital transformation strategies. The annual ICT spending of Fonterra was estimated at $310.1 million in 2022. A major share of this spending is earmarked for acquiring software, hardware, and consulting from vendors. Fonterra is a manufacturer and marketer of dairy products, it provides powdered and flavored milk, ready to drink milk, yogurts, iced coffee, cheeses, spreads, butter, ice cream, everyday nutrition powders, culinary creams, bakery butter, and advanced nutrition products.
Total ICT Spending 2022 | $310.1 million |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain, Cloud Computing, and Cybersecurity |
The Fonterra Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, ICT spending among others.
Digital Transformation Strategies
Fonterra is focusing on improving its business operations with the help of big data analytics. The company collects huge volumes of data every day from multiple sources such as point of sales systems, farms, packaging lines, etc. The collected data is then stored on a single data hub and analyzed by a team of data scientists for different end uses. For instance, data scientists use product and sales related data to suggest new flavors for upcoming products. Data scientists also analyze real-time data collected from moisture pods installed on the ground to advice cattle farmers on the optimal usage of fertilizers and water in farms. In 2020, Fonterra trailed a project in which a machine learning algorithm was implemented to automatically detect improperly sealed bags of powdered milk.
To gain more insights on digital transformation strategies and initiatives of Fonterra, download a free report sample
Fonterra Technology Theme Focus
Fonterra is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, cloud computing, and cybersecurity to improve operational efficiency, and improve customer experience.
Fonterra Technology Focus
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Fonterra Technology Initiatives
Fonterra has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years.
For instance, Fonterra inked a distribution agreement with Connecterra, a provider of AI solutions to the dairy industry, to help dairy farmers improve cow health, fertility, and milk production rate. Under the agreement Fonterra sells Connecterra’s Intelligent Dairy Assistant (Ida) platform to dairy farmers through its retail division called Farm Source. The Ida combines cows’ behavioral data, which is collected through collar mounted sensors, with data collected from farm equipment. It then uses AI models to convert the data to easy-to-understand insights. Farmers have begun to use Ida to improve animal breeding and health.
For more insights on other technology initiatives of Fonterra, download a free report sample
Fonterra ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
Fonterra ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Fonterra ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Fonterra ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Fonterra External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
Fonterra External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
Scope
This report provides:
- Insight into Fonterra’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, and partnerships.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Fonterra’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, and partnerships.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Fonterra in 2022?
The annual ICT spending of Fonterra was estimated at $310.1 million in 2022.
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Which was the leading ICT spending category by function for Fonterra?
Data center was the leading ICT spending category by function for Fonterra in 2022.
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Which was the leading ICT spending category by channel for Fonterra?
Internal development and maintenance was the leading ICT spending category by channel for Fonterra in 2022.
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Which was the leading ICT spending category by segment for Fonterra?
Software (including cloud SaaS) was the leading ICT spending category by segment for Fonterra in 2022.
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What are the key technology themes in focus for Fonterra?
The key technological theme in focus for Fonterra are artificial intelligence, big data, blockchain, cloud computing, and cybersecurity.
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