By Carmit Oron CEO& Co-founder at ACT foodtech
The AI has been actively gaining prominence over the last few years and is expected to register a CAGR of over 65% during 2020 - 2025. This emerging technology of AI is helping F&B companies with supply chain management through logistics, predictive analytics, and also transparency.
By 2040, AI will have unimaginable capabilities. We are approaching the point where machines will self-develop and improve, performing many tasks faster and safer than humans.
Considering the growing population and dietary changes, it is estimated that the world will need to produce and deliver 69% more food calories in 2050 than we did in 2006 in order to feed 9.8 billion people!
The potential of AI applications in food is immense. these are three areas where AI can dramatically influence the food system: production, supply chain and food waste.
Transforming food manufacturing
Robotics and artificial intelligence are enabling food manufacturers to track products and consumer demand—they then match production to this demand, based on data analysis. As robotics and AI become more sophisticated, experts anticipate their adoption in the food and beverage industry will only expand.
Robotics and AI solutions can also help food producers and manufacturers detect if food has been contaminated and can pulled off the supply chain before majorly impacting the public.
In 20 years, robots will work side-by-side with humans, helping them do their jobs more effectively. Humans will be able to train robots to handle a variety of objects, while AI will help increase the food industry’s efficiency.
Optimizing food supply chain
The supply chain is the network of companies and systems that come together during the process from creating a product to when it is purchased. AI improves supply chain planning by helping food and beverage companies forecast demand against product supply and ingredient orders. An application of AI, driverless vehicles can be implemented to help reduce human labor costs, add elements of environment-friendly operations, and reduce lead times to increase productivity of food supply chains.
Improving food waste with Artificial Intelligence
According to the U.S. Department of Agriculture, about one-third of the U.S. food supply ends up as waste. According to McKinsey, Artificial Intelligence can eliminate food waste by introducing regenerative recreational agricultural practices. AI food tracking will enable us to sell food before it becomes waste, by seamlessly connecting farmers with restaurants or people buying food.
AI is an essential part of food production and delivery processes. Beyond its safety and efficiency solutions, it will affect new recipes, improve customer experience, digital culinary assistant and more.
Many of largest food processing companies are shifting to AI technology, in order to improve aspects of the process. The companies operating in the market are also acquiring start-ups working on artificial intelligence in the food and beverages market to strengthen their product capabilities those players include TOMRA Sorting Solutions AS , GREEFA, Sesotec GmbH, Key Technology Inc among others.
Governments and private investors are working on inducing AI and computer vision technologies into the food industry while tech giants such as Microsoft and Google are providing their technology to countries like India and china. This brings new opportunities to startups based on AI and computer vision applied on agricultural and the food industry.