The world population is growing to upwards of 10 billion people by the middle of the century. This growth combined with the accelerating urbanization will require the agricultural production to double. To succeed, we need smart solutions from farm to fork for healthy, fairly produced, and sustainable food, feed and fibre.
In India, over half the population is dependent on agriculture, which contributed to 16% of GDP in 2016-17. It is here, in a sector that essentially provides sustenance to the entire country’s population, that the use of technology can be the most pervasive and beneficial.
Technology devised specifically for farming and agriculture is still in a nascent stage, with most agri-tech companies having been founded and funded in the past decade, and it will have a catalyzing impact on the agrarian sector. Agri-tech channels innovation to provide predictive capabilities that can help farmers be prepared in advance to mitigate any potential risks.The utilization of technology such as Big Data analytics, Artificial Intelligence, Geo-tagging and Satellite monitoring ensures meaningful insights to stakeholders at different levels of the agriculture ecosystem.
Once a farm is digitized, all its operations become traceable, quantifiable and transparent. Data is constantly being collected across the chain, and this means that the interested party can assess what are the pain points being faced along the whole value and supply chain. Advancements in computing capacity help process the data in minimal time, ensuring that analysis and subsequent action can be taken quickly and decisively.
Agricultural companies are increasingly leveraging this data to achieve better yields and outcomes for themselves and their customers. The benefits will also spill over to the retailers and consumers, who can easily verify the authenticity and quality of what they’re buying and selling.
CropIn Technology, a leading agri-tech company based in Bangalore, provides SaaS based services to agribusinesses globally. CropIn enables its clients to analyse & interpret data and derive real time actionable insights on standing crop and projects spanning geographies.
The company has digitized over 2.1 million acres of farmland, enriching the lives of 500,000 + farmers while working with 125+ clients.