The Inflation Cookbook by SkipTheDishes is a new technological tool that is accessible on mobile web browsers and runs on data analytics technology to monitor the prices of the everchanging top 10 ingredients up and downwards on a weekly basis.
After this, it uses artificial intelligence to recommend recipes using the most affordable and nutritious items that are currently available -- all of these are curated by a top nutritionist and chef. This is powered by the company's grocery delivery branch Skip Express Lane with the help of Dentsu Creative Canada. Currently, the service is able to track the prices of over 400 items that range from some proteins, dairy items, whole grains, and more.
Image Credit: Inflation Cookbook
What's Driving This Trend
- Data-driven Recipe Suggestions
- Opportunity for companies to create web-based tools that use data analytics and AI to suggest recipes based on ingredient prices
- Nutrition Analysis and Recipe Recommendations
- Potential for AI-powered tools that not only suggest recipes, but also provide detailed nutritional analysis and recommendations
- Real-time Ingredient Price Monitoring
- Disruptive innovation opportunity for businesses that can provide real-time ingredient price tracking and updating to offer affordable recipe suggestions
Who This Affects Most
- Grocery Delivery Services
- Companies offering grocery delivery services can use data analytics and AI to suggest recipes based on the prices of ingredients they offer on their platform
- Food and Recipe Websites
- Recipe websites can integrate real-time ingredient price tracking and data analytics to offer affordable recipe suggestions to users
- Nutrition and Health Platforms
- Platforms focused on nutrition and health can create recipe suggestion modules that provide nutritional analysis and recommendations based on ingredient prices
