AI algorithm predicts prices of produce based on freshness
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We have seen many solutions that tackle the issue of food waste, such as grocery stores introducing new pricing systems to ensure products close to expiring will sell. One example of this is a real-time pricing solution that uses radio frequency identification (RFID), electronic shelf labelling, and a dynamic pricing engine to offer cheaper prices. Another example is an automated discount rack that reduces prices for expiring products both online and in store. A new solution, called RapidMathematix, also aims to reduce food waste using deep learning algorithms and machine vision. RapidMathematix provides automated retail pricing for fresh produce, changing…
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