Fragrance Tech Looks to Disrupt the Industry with Data
Daniel Johnson — June 17, 2020 — Business
References: fragrancetech.io & newsanyway
Fragrance Tech is a London Based startup company that is attempting to disrupt the industry. The company looks to use applied data science, in order to provide a gamified experience to consumers. Fragrance Tech is also currently engaged in talks with e-commerce retailers in the EU regarding a product trial.
The organization intends to launch a product before the end of the year. The Founder & CEO, Sophie Weston, spoke about the product launch, "Our flagship product is purpose built for fragrance e-commerce retailers. We’re determined to revolutionise the category, with a specific focus on modernising how consumers learn about, and most importantly buy fragrance online – it’s a hot topic for the fragrance industry."
Sophie Weston also stated that integrating technology into the fragrance industry will help consumers navigate the market, especially with gifting and buying products online.
Image Credit: Shutterstock
The organization intends to launch a product before the end of the year. The Founder & CEO, Sophie Weston, spoke about the product launch, "Our flagship product is purpose built for fragrance e-commerce retailers. We’re determined to revolutionise the category, with a specific focus on modernising how consumers learn about, and most importantly buy fragrance online – it’s a hot topic for the fragrance industry."
Sophie Weston also stated that integrating technology into the fragrance industry will help consumers navigate the market, especially with gifting and buying products online.
Image Credit: Shutterstock
Trend Themes
1. Gamified Fragrance Shopping - Fragrance Tech aims to use data science to create a gamified experience for consumers, providing an opportunity to disrupt the fragrance industry by making fragrance shopping more interactive.
2. Data-driven Fragrance Creation - Fragrance Tech's use of applied data science could revolutionize how fragrances are created and marketed, disrupting the fragrance industry's traditional methods.
3. Smart Fragrance Recommendations - Fragrance Tech could provide consumers with personalized recommendations using data analysis, offering a disruptive innovation for the fragrance industry by improving the overall fragrance shopping experience.
Industry Implications
1. Fragrance Industry - Fragrance Tech's data-powered fragrance technology provides an opportunity for innovation and disruption within the fragrance industry, with its focus on modernizing fragrance e-commerce and improving the overall shopping experience.
2. E-commerce Industry - Fragrance Tech's product trial with e-commerce retailers in the EU could disrupt the fragrance industry's traditional sales channels and transform the e-commerce industry.
3. Data Science Industry - Fragrance Tech's use of applied data science provides a disruptive innovation within the fragrance industry, but could also disrupt other industries through its data-driven approach and potential for gamification.
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