Time to Harmonize Algorithms with Human Intuition From the lecture by Peter Kauf, who is a mathematician and CEO of Prognosix, we learned how algorithms can be used in the predictive analysis and how humans can draw better outcomes from judgment by algorithms. Image source: By Stephen Milborrow – Own work, CC BY-SA 3.0,  https://commons.wikimedia.org/w/index.php?curid=14143467…

Do you remember the horse meat in beef products? That was food fraud. Food fraud is growing and will be one of the biggest problems in the future in the food sector. For example, up to 87% red snapper (fish) is mislabeled. Food supply chains are becoming more global, therefore it gets more difficult to…

Let’s be real, we all went to a store in our lives at some point with one simple goal in mind: Get in, get your stuff and get out. No personal interaction, no waiting, no trivial aspects to stop us in our stride. We live in a busy world, a fast world. While the elderly…

New technologies are radically transforming not just the world of social relationships, but also the business of food. Creating goods like meat and chocolate out of cell cultures, predicting precisely accurate degrees of success a product will have in the market with modern forecasting methods or leaving a store without physically paying for the chosen…

Imagine you were assembling a pizza on a touchscreen by dragging and dropping ingredients or moving them around with your fingers. Comparable to this, using automated formulation modules consisting of tailor-made, flexible robotic platforms and convenient software, allows for the gamification of research and development. Christa Nutzhorn, director of business development at Chemspeed Technologies, introduced…

Well, the life cycle varies from product to product. There are products in the market that never change for ages and the company is still stable and strong in the market. Otherwise, there are products whose life cycle changes each season. For example, Coca-Cola®, Ovomaltine, Aspirin, Red Bull® are companies that can’t be easily replaced….

“Digital is everything. Understand your customer. Win or learn.”, was the headline of the first guest speaker’s lecture of the digital food business week 2020. Manuel Nappo came up with the very first question: how the future will look like? Nobody knows what to expect. The picture of “The New Yorker” from 2017 looks as…

When we are analysing the value chain in food industry, we will always come across the middle man. He or she is an integral part of our idea on how the world wide food producing system works: bargaining for a good price, giving purchase guarantees and facilitating access to market, the middle man is a…

To properly recognize the relevance of the headline, it is of the essence to understand the historical context and the state of the society, that bitcoins were born into. It is the year of 1991 and digitalization is ever-present. Stuart Haber and W. Scott Stornetta just outlined the first blockchain technology as an attempt to…