A New Era of IoT Driven Food and Beverage Innovation

By CIOReviewIndia Team

CIOReviewIndia TeamIoT is considerably one of the hottest technologies today which has been immensely beneficial to various industrial segments. And currently, it is becoming a buzzword in innovating the Food and Beverage Industry. Although, F&B sector has been slower in adopting technology due to complicated supply chains, vast numbers of stakeholders from completely different businesses, heavy regulation, and a huge variety of products, this sector is expected to make the most out of Internet of Things in near future.  The Internet of Things (IoT) and traceability for food and beverage (F&B) manufacturing market is expected to reach $8.43 billion by 2025, growing at a compound annual growth rate of 9.5 percent. Hence, there is no doubt that by adopting IoT, the food and beverage industry can achieve its highest potential and aid companies to achieve optimum levels of food safety, improve traceability, cut down wastage, and reduce costs and risks across the different stages of food processing and packaging. IoT will bring forth many benefits for Food and Beverage Industry.    

Simplify Operations and Boost Efficiency

IoT enabled solutions with its connected devices can aid organizations in the food and beverage manufacturing industry to improve their efficiency and enhance business processes. It will also prevent machine downtime and other costly issues.  

Improves Food quality, Operational Efficiency, and Compliance

The Internet of Things is also expected to aid food and beverage industry in gaining greater visibility over their manufacturing, production, and transportation processes to provide higher quality products for end consumers while maintaining operational efficiency and remaining compliant with governmental regulations.

Fighting Counterfeiting in Food Products

Both consumers and distributors down the supply chain will benefit hugely from being able to scan digital tags on food packaging to confirm their authenticity, eliminating large blocks of substandard and fraudulent food products in the market. IoT-enabled smart connected products are powerful tools for brands to establish trust with their consumers by ensuring the genuineness and quality of their products.

Energy Savings

IoT delivered visibility will also aid in reducing the overall energy consumption by repairing appliances that have higher power consumption by tracking energy usage that is visible at the production level; energy usage per item can be identified and standardized for an appliance.

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