Every day our researchers read through the top innovation headlines and provide their expert opinions on important developments and industry news. Our analysts then evaluate news based on potential importance ranking the developments from Truly Disruptive to Ignore.
On Fridays we highlight our Lux Take on the top news for the week. Check out our thoughts on the latest emerging technology and innovation news for the past week below.
PepsiCo's case indicates the substantial value of AI solutions for analyzing consumer demands and predicting their behaviors for CPGs
"PepsiCo reportedly works with AI companies to analyze emerging consumer demands and identify product development opportunities. Among the companies are Tastewise, which tracks multiple consumer touch points to uncover what people eat and why, and Black Swan Data, which analyzes consumer conversations around food on social networks to predict their behavior. It's imperative for food and nutrition and CPG companies to reach out to AI companies and their peers for collaboration, as these solutions will enable you to pick up early market signals and launch products consumers don't know they want. Companies, these solutions are especially helpful for those seeking competitive advantage by proactively offering new products to cater to new demands."
Beeflow closes $8.3 million Series A, creating buzz around pollination technologies
"This funding round was led by Israeli investment group iAngels and will help Better Juice scale its sugar reduction technology based on immobilized non-GMO microorganisms. The company plans to build a full-scale manufacturing plant in Israel to increase its production capacity by 40×. Better Juice has previously demonstrated the industrial applicability of its technology by partnering with processing engineering company GEA Group for bioreactor setup and Brazilian company Citrosuco on the application front. Those interested in sugar reduction for fruit juices should engage with the company, as its technology caters to the clean-label trend by converting fruit sugars to prebiotic and nondigestible fibers and sugars."