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Timo Boldt

πŸ‘€ Speaker
953 total appearances
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Appearances Over Time

Podcast Appearances

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

Yeah, so you and I should never see the same menu.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

We should see very personalized and customizable menus.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And so for the last 10 plus years, we've built 17 AI products that power the factories, that decide what you and I should see based on what we've ordered the last couple of weeks.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

Yeah, I mean, employee number eight was a PhD in machine learning.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

Right, so you're well ahead of the curve.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And he was amazing.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

He cut forecasting waste and saved us lots of money.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And so we got addicted to data science early on, luckily.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And so we asked him, what else can you do?

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And so he moved from forecasting to order routing optimization, where how does the order travel through the factory and everything.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

How do we put tomatoes on the first station in the factory, the last one, all 150 stations?

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

I mean, no human can ever kind of calculate these things.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And every time he updated the algorithm, magically our labor costs went down.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

Right.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And you still need people who have 50 years of factory experience.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

Then you also need these 20-year-old kids with PhDs in machine learning.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And together they did magical stuff.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

And so we got quite addicted to the power of data science early on.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

Well, it reassures me you still employ 1,700 people in this environment because that's what success can bring.

James Reed: all about business
81. Can meal kits solve food addiction? Gousto think so | Timo Boldt

But you got addicted to a data science.