IoT is the New Black…Coffee: How IoT Technologies Enable Transformation and Monetization of the Coffee Ecosystem

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By Kateryna Dubrova | 4Q 2019 | IN-5692

 

Coffee Industry Adoption of IoT Technology

NEWS


Coffee is one of the most common daily rituals around the world and a powerful economic force due to its being the second most valuable tradable commodity. The continuously growing demand for the product and increasing shareholder pressure on major coffee corporations has provided the impetus for a transition toward a more exceptional technological approach to coffee processing. The particularly interesting economic impact on the coffee ecosystem comes from low-cost sensor technology, which is embedded in the system in order to monitor temperature, quality, pH, humidity, etc.

The next wave of technology was the adoption of blockchain in order to optimize supply chain management, which is a significant concern for the coffee industry. Companies such as Starbucks, Costa, Nescafe, and Nespresso are instantly picking up the benefits of the Internet of Things (IoT) digital transformation and accelerating its integration into their...

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