Food, Beverage & Tobacco


Starbucks Just Made Your Coffee Experience More Innovative

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When Starbucks (SBUX) announced the closure of all of its 379 Teavana stores by the spring of 2018, it came as a warning signal to many analysts. But for long-term investors, Starbucks future growth prospects could look more promising. Acquired in 2012 for $620 million, Teavana stores are set to close due to declining foot traffic in malls. As a result of this retrenchment, Starbucks incurred asset impairment and goodwill charges of roughly $100 million during the third quarter. Following the news, Starbucks shares fell 1.2% to $58.80 in after-hours trading.


Amazon's acquisition of Whole Foods will bring AI technology to grocery stores

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We can expect AI and IoT technology -- similar to that in the recently launched Amazon Go store -- to be integrated into future iterations of Whole Foods and the broader Amazon family of services. There will also be a close integration with Amazon's home IoT products -- Alexa, Echo, and Dash. Another new benefit provided by the integration of AI technology could be individual customer behavior tracking. This new reality of a fully connected physical store that leverages a variety of outside data streams will serve as a forcing function for competitors who will need to innovate or die.


Finally, The First Beer Named By Neural Network Is Here

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That list now also includes beer names. "We've been struggling naming with beers," Travis Fritts from Old Nation Brewing told Gizmodo. Shane trains uses the char-rnn neural network framework to train the computer to "speak" using only beer words, then turns on the creativity and makes it think. In this case, she only trained the neural network on a constrained list, including beers with the brewers' keywords: Juice, haze, New England, Vermont, citra, Belgium, spicy, clove, saison, farmhouse, and "all these trendy new hazy IPA names."


Rise of the Robots: From big data to artificial intelligence

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"For the purpose of this conversation, and to make things easier, I am using the term AI to describe both big data and artificial intelligence," the entrepreneur clarifies. To explain how families might exploit the technology to gain a competitive edge, Westerheide cites family-owned Warsteiner Gruppe, Germany's largest privately owned brewery, and Sennheiser, the German audio company, as examples. "The UK budget earlier this year was a step in the right direction as it highlights robotics and AI as vital technologies to compete in an automated world market," Skilton explains. "Studies by the Organisation for Economic Co-operation and Development predict that machine intelligence will destroy jobs through automation, but it is the nations that own this technology and can build new AI-driven economies that will thrive in the fourth industrial revolution."


The Amazing Ways Coca Cola Uses Artificial Intelligence And Big Data To Drive Success

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The Coca Cola Company is the world's largest beverage company selling more than 500 brands of soft drink to customers in over 200 countries. Fruits of this research were unveiled earlier this year when it was announced that the decision to launch Cherry Sprite as a new flavor was based on monitoring data collected from the latest generation of self-service soft drinks fountains, which allow customers to mix their own drinks. As sales of sugary, fizzy drink products have declined in recent years Coca Cola has also hooked into data to help produce and market some of its healthier options, such as orange juice, which the company sells under a number of brands around the world (including Minute Maid and Simply Orange). Speaking at Mobile World Congress this year, global senior digital director Mariano Bosaz said "content creation is something that we have been doing for a very long time – we brief creative agencies and then they come up with stories … what I want to start experimenting with is automated narratives."


Sweet IoT Journey: How One Solution Provider Helped Implement Microsoft Azure Machine Learning At Hershey

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An early dive into the Internet of Things landscape yielded sweet rewards for The Hershey Company once the chocolate manufacturer began tracking the weight of Twizzlers during production. Morinigo said the advent of scalable cloud-based analytics – Microsoft Azure Machine Learning, in this case – became a catalyst for the Twizzlers project because it reduced technical barriers involved in implementing data science capabilities. At New Signature, a Microsoft systems integrator, Morinigo said he was able to build an IoT and advanced analytics team because he felt the scalability of the cloud finally enabled business intelligence initiatives for significant success. Completed in just two weeks, the first model built by Hershey and New Signature achieved 60 percent accuracy – not perfect, but a step in the right direction when it came to implementing IoT.


Flipboard on Flipboard

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The Coca Cola Company is the world's largest beverage company selling more than 500 brands of soft drink to customers in over 200 countries. Fruits of this research were unveiled earlier this year when it was announced that the decision to launch Cherry Sprite as a new flavor was based on monitoring data collected from the latest generation of self-service soft drinks fountains, which allow customers to mix their own drinks. The company combines weather data, satellite images, information on crop yields, pricing factors and acidity and sweetness ratings, to ensure that orange crops are grown in an optimum way, and maintain a consistent taste. Speaking at Mobile World Congress this year, global senior digital director Mariano Bosaz said "content creation is something that we have been doing for a very long time – we brief creative agencies and then they come up with stories … what I want to start experimenting with is automated narratives."


The Amazing Ways Coca Cola Uses Artificial Intelligence (AI) And Big Data To Drive Success

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The Coca Cola Company is the world's largest beverage company selling more than 500 brands of soft drink to customers in over 200 countries. In fact, Coca Cola was one of the first globally-recognized brands outside of the IT market to speak about Big Data, when in 2012 their chief big data officer, Esat Sezer, said "Social media, mobile applications, cloud computing and e-commerce are combining to give companies like Coca-Cola an unprecedented toolset to change the way they approach IT. Fruits of this research were unveiled earlier this year when it was announced that the decision to launch Cherry Sprite as a new flavor was based on monitoring data collected from the latest generation of self-service soft drinks fountains, which allow customers to mix their own drinks. The AI will reside in vending machines, allowing greater personalization – for example, users will be able to order their favorite blend from any vending machine, with the machine mixing it to their individual preference.


The Amazing Ways Coca Cola Uses Artificial Intelligence (AI) And Big Data To Drive Success

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As sales of sugary, fizzy drink products have declined in recent years Coca Cola has also hooked into data to help produce and market some of its healthier options, such as orange juice, which the company sells under a number of brands around the world (including Minute Maid and Simply Orange). The company combines weather data, satellite images, information on crop yields, pricing factors and acidity and sweetness ratings, to ensure that orange crops are grown in an optimum way, and maintain a consistent taste. It is also used to inspect problems with vending machines and dispensers in remote or difficult-to-reach locations, including cruise ships while they are at sea. The Coca Cola company is a shining example of a business which has re-ordered itself based on data and intelligence.


Coca-Cola Is Bringing Artificial Intelligence to Vending Machines

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We've seen artificial intelligence brew beer, come up with artsy-sounding names for craft beers, act as waiters for your beer order, and, lest you thought wine would be safe from the robot takeover, predict wine prices. In Australia, a team from Coca-Cola Amatil (Coca-Cola's manufacturer in Australia, New Zealand, Indonesia, Papua New Guinea, Fiji and Samoa), is working on transforming vending machines to operate without anyone having to actually touch them. According to Journey, Coca-Cola's in-house magazine, the team has updated a machine in the town of Masterton, New Zealand so that, once it is cloud-connected, people can simply order a Coke using their phone. With over 26,000 machines operating in Coca-Cola Amatil's territory, there's still a lot of human work to be done before everything becomes completely automated.