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Distilling Liquor With Machine Learning And Big Data
According to a Nielsen report, brick-and-mortar alcohol dollar sales were up 21% in April 2020 compared to the same period a year ago. Online alcohol sales skyrocketed by 234% over the same period in 2019. However, despite the increase, global sales are decreasing due to the shutdowns in restaurants, bars, live events and travel. Next Century Spirits is a liquor technology startup with $9.6 M in funding. The company uses big data and machine learning to create and filter bespoke distilled spirits.
Industry:
- Consumer Products & Services > Food, Beverage, Tobacco & Cannabis > Beverages (0.37)
- Energy > Oil & Gas (0.33)
- Materials > Chemicals (0.30)
Technology:
- Information Technology > Data Science > Data Mining > Big Data (0.62)
- Information Technology > Artificial Intelligence > Machine Learning (0.61)