How Artificial Intelligence is Revolutionizing Food Processing Business?
Artificial Intelligence is catching the attention of businesses across many disciplines and sectors with Food Processing and Handling (FP&H) being one of them. Today, the FP&H industry is capped at a whopping $100 billion and will continue to grow at a CAGR of 5% at least till 2021 says, McKinsey. AI is impacting the FP&H industry both directly and indirectly. For example, Indirectly, it helps farmers with weather prediction, which will help farmers to produce high-quality raw material for food processing companies, helping them to save bucks on sorting a product. AI also helps transportation companies in reducing the shipping cost, making food processing companies pay lesser for transportation.
Oct-30-2019, 05:58:38 GMT
- Country:
- Asia > China
- Europe
- Norway (0.05)
- United Kingdom > England
- Nottinghamshire > Nottingham (0.05)
- North America > United States (0.05)
- Industry:
- Food & Agriculture > Food Processing (1.00)
- Technology: