Visionary businesses are leveraging advanced technologies to enhance performance, resolve security issues, meet dynamic customer requirements and ensure convenient remote work.The technological innovations led to the Digital Transformation in the Food and Beverage industry. Unfortunately, pandemics have always disrupted the food industry. With, the dawn of Digital Transformation the technologies have a profound impact on the food and beverage industry. Internet of Things, Cloud Computing, Artificial Intelligence, Machine Learning, etc. have knocked out the traditional business model ensuring seamless operations and customer satisfaction. This decade has witnessed the restaurants and food production houses stepping out of traditional services and migrating to digital technologies for intelligent processing.
Digitization in the food industry is not only about the automation for food processing but is also about understanding customer preferences, ensuring customer engagement, and building long-term relationships. Accelerating innovations in the food and beverage industry, Digital Transformation contributed to every aspect of the Food sector right from supply chain and inventory management to customer satisfaction and convenience.
Let’s take a look how at Digital Transformation trends in the food and beverage industry:
- IoT and AI-Enabled Supply Chain Management:
Over the years, we have heard of malpractices in the food industry like mislead labeling which raised concerns of transparency. Digital Technologies have enabled tracking and monitoring of food products ensuring transparency. IoT and AI have proved to be pivotal technologies automating the tracking and monitoring of food products. RFID tags or smart labels leverage the Internet of Things to track the products through the supply chain.
- IoT Enabled Enhanced Food Safety:
IoT-enabled solutions are driving the Digital Transformation journey of the food and beverage industry enabling flexibility. In the present scenario, the food production houses are monitoring vessel temperature ensuring safe storage of food products in a suitable environment using IoT-enabled temperature sensors, humidity sensors, etc. The real-time temperatures help the organizations to closely monitor the data points for food safety assuring live cold chain management.
In case the data collected from the sensors report potential issues, the staff is advised to carry out the requisite food check-up. The food packaging is tagged with various sensors easing the tracking process thus minimizing the time and endeavor spent on it.
- Efficient Logistics:
Currently,the Internet of Things and Artificial Intelligence are being used by food and beverage companies for efficient logistics operations. The IoT-enabled Logistics solutions not only ensure real-time and efficient inventory management but also, offer shipment automation based on predictions and requests for restoration.
Considering, RFID transmitters and GPS systems in the distribution system to ease the tracking and monitoring. It notifies the organizations of the customer preferences, demands of the dynamically changing market, and reduces waste products. The radio frequency identification technology automates the delivery and shipping process easing the storage temperature monitoring and control. The GPS tracks the live location of the products by accumulating the absolute data. It helps to understand the customer behavior and reduce the dead mileage in trucks.
- Reduce Energy Consumption:
Tracking and minimizing energy consumption is a tedious task for restaurants since they use a wide range of appliances consuming huge electricity. Usually, older kitchen appliances are the source of a huge amount of power utilization. Besides, the sudden breakdown of these appliances is risky due to a cluttered maintenance schedule.
Considering, restaurants using IoT-based smart appliances to enhanced controlling the electricity bill. The sensors connected to the fryers maintain a defined oil temperature and set a notification to the cook once the fries are complete. IoT-enabled smart devices are capable of alerting the restaurant managers and operators when the oil is to be replaced or filtered delivering food hygiene management and food quality.
Wrap Up:
Industries across all verticals are leveraging Digital Transformation to ensure seamless operations and stay ahead of the competition. The cutting-edge technologies have knocked the traditional methods of food processing, contributing to every aspect of the food and beverage industry. The Food and Beverage industry is embracing digital technologies to enable effective utilization of resources, cost control, customer satisfaction, food safety, and enhanced supply chain management.
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Increases are predicted once again for the coming new year, with public cloud platforms growing faster than private cloud applications.The last year helped to set the pace for this development: in the second quarter of 2018, Amazon’s cloud business grew nearly 48.9 percent, generating $6.11 billion in revenue.
IBM also reported in July that cloud revenue—including hardware, software, and services for hybrid, public, and private cloud solutions—had generated $18.5 billion year over year, up 23 percent.Microsoft is also on the rise; in October, the company reported that commercial cloud revenue, including Azure sales, hit $8.5 billion, up 47 percent from the year-ago quarter.
The growth margin for that business rose to 62 percent from 58 percent in the year-ago quarter and 59 percent in the prior quarter.While the big cloud providers are offering a wider range of tools and services to help drive this growth, users will still need internal/external cloud expertise—beyond the public providers—to implement their own IoT systems.
Forrester reports that industrial products will lead all industries in IoT adoption at 45 percent with an additional 22 percent planning to adopt IoT in the next 12 months.
According to Forbes, the Industrial Internet of Things (IIoT) market is predicted to reach $123B in 2021, attaining a CAGR of 7.3 percent through 2020.
This will give executives the ability to analyze large quantities of industry and/or products-specific data and use that information for business intelligence and decision-making.Artificial intelligence (AI) and machine learning (ML) will also come into play, with IT executives opening up data that was formally siloed, enabling enterprises to derive informed insight on everything from product maintenance and development to daily operations.IoT Security Issues Keep IT Executives on Their ToesWith IoT and cloud platform adoption on the rise, security will continue to be a concern.
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