The beverage industry with open arms is welcoming innovations with the help of artificial intelligence.
FREMONT, CA: The Artificial Intelligence (AI) in the beverage market is expected to register a CAGR of more than 65.3 percent during the period 2020 - 2025. Changes in consumer needs toward preferring fast, affordable, and easily accessible options have paved the way to this transformation in the beverage industry, with market leaders harnessing advanced technologies, including AI and machine learning, to accelerate operations and support companies stay relevant in the current dynamic market environment. Here are some examples of how AI can change the game for beverage businesses around the globe.
• New Opportunities at the POS
Smart solutions are expected to be deployed heavily in the future at the POS as a part of empty container return systems. It is vital for modern reverse vending machines to boast a swift and precise identification process. In the beverage industry, AI will make it possible to gain real-time information on the number and quality of empty containers, and then draw corresponding conclusions based on that information.
• AI Supported Communication Tools
The clever use of AI and is opening up a whole bunch of new opportunities for the beverage industry, bars and restaurants, and end consumers. For instance, a drinking glass that is fitted with an NFC (near field communication) chip has its own unique ID number meaning that each glass has its very own identity. In a smart bar, this can communicate directly with a reader chip, and the data can be transferred wirelessly.
• Developing New Drink Recipes
AI can be used to develop new drink recipes. The system is fed with existing blending recipes, sales data, and customer preferences. Also, AI systems can be taught can understand what elements previous recipes and products are made of and how they are perceived and ranked by customers and experts. AI can also be used in the beverage industry to assist consumers in choosing the right drink.