THE FUTURE OF FOOD: DIGITAL IoT PLATFORMS
How Digital IoT Platforms are transforming the Food Retail Industry
Food is a part of our day-to-day lives. But the ways in which we shop for, buy and experience food is changing — and this has path-breaking implications for the $1.5 trillion food industry.
“THE FOOD INDUSTRY WILL CHANGE MORE IN NEXT 10 YEARS THAN IN LAST 50”
The Digital Revolution has catalyzed the transformation of the food industry. The Digital Age — which makes the Industrial Revolution look vapid by comparison — is upon us. In this era, organizations are leveraging smart technologies and solutions to realize efficiencies and enable customization.
In this new era, the integration of information technology and operating technologies is driving powerful collaborations — between the physical world of smart machines, industrial operations and facilities/spaces, and the digital world of Internet of Things (IoT) platforms, applications, and insights.
“Make your food smarter in a supply chain”
IoT technology is getting a radical change in the food supply chain. Cloud based IoT solutions are making food safety convenient by increasing transparency and collaboration across the supply chain, reducing risk points.
BENEFITS OF IoT PLATFORMS IN FOOD RETAIL
· A leading cause of food wastage is improper temperature control. Having smart sensors in a food supply chain and seamlessly integrating it to a cloud based IoT platform to monitor parameters like temperature can help keep food safe by preventive approach.
· Data loggers have traditionally been analog and mostly offline in legacy software ecosystem, often resulting in critical temperature data being reported with a typical delay of 3–4 hours, resulting in food spoilage.
Technology, like Zeto’s PaaS Product that tracks parameters like temperature and humidity via IoT sensors, make it possible to connect components of the supply chain centrally.
IoT technology will continue to see application in food supply chain helping retailers keep their products safe. What used to require excessive time and effort to manage via paper-based methods and cumbersome monitoring strategies is now streamlined through IoT. Inefficient, labor-intensive processes for monitoring food quality and safety are being replaced by automated systems.
Food will always be in business, but technology will shape the food Industry. Technologies like that of IoT will help in digitization of the food supply chain, putting large amount of data onto the cloud which can be a potential gold mine for food retailers.
Food Businesses can track the shift in customers’ food preferences and patterns. Retailer, restaurants and food manufacturers must stay on top of these developments to seize a growing market opportunity.