A session on "Digitalization of Agriculture" at Entrepreneurship Conclave organized by Shailesh J. Mehta School of Management, Indian Institute of Technology Bombay.
DIGITIZATIONTHEWAYFORWARD
THEIMMENSE AMOUNTS OFAGRONOMIC DATA
OFFER INSIGHT,UNDERSTANDING ,ANDQUICK
LEARNINGS.DIGITALFARMING ISPARTICULARLY
REVOLUTIONARY FORSMALLHOLDERS ASITHAS
THE POTENTIAL TOREMOVE THE CURRENT
INFORMATION ASYMMETRY .
TOBENEFIT FROM THENEWDIGITALFARMING
FRAMEWORK ,CERTAIN KEYWORDS AREALWAYS
APPLICABLE:LOCAL,RELEVANT,ANDPERSONAL.
NEWTECHNOLOGIES CANALIGN WITH THIS
FRAMEWORK . CONNECTING LARGE-SCALE
COMPANIES (BOTHINPUTANDOUTPUT)WITH
LOCALFARMERS WILLBEMADEPOSSIBLE WITH
DIGITALTECHNOLOGIES .HOWEVER,INORDERTO
TRULY FACILITATE DIGITAL FARMING,THE
FUNDAMENTAL QUESTION THATMUSTALWAYS BE
ADDRESSED IS“WHY?”
TECHNOLOGY
MEGATRENDS
SHAPING
FUTUREOF
FOOD&
AGRICULTURE
SECTOR
DIGITIZATION
BIGDATA
BLOCKCHAIN
AI & ML
UNDERSTANDING BIGDATA–5VS
VELOCITY VALUE
VERACITY VARIETY
VOLUME
BIGDATAISABIGOPPORTUNITY
BIGDATA ISABIGDEAL.MORETHAN HALF OF
ENTERPRISES GLOBALLY VIEW BIGDATA ASAN
OPPORTUNITY AND PLAN TO INCREASE THEIR
INVESTMENTS INBIGDATAINTHENEXTFEWYEARS.
BUTBIGDATA’SVALUE DOESN’TCOME FROM THE
COLLECTION OFINFORMATION ;THAT’SJUST THE
STARTING POINT.THEREALVALUEOFBIGDATACOMES
FROMYOURABILITYTOCOMBINE ANDANALYZE IT–NO
MATTER HOW MUCH YOUHAVE,INANYNUMBER OF
SOURCES–TOUNCOVER NEWINSIGHTS THATDRIVE
BUSINESSVALUE.
BIGDATAMAYMEANDIFFERENT THINGSTODIFFERENT
BUSINESSES–WHETHER IT’SDEALINGWITHNEWTYPES
OFDATA,STREAMING,ORCONSOLIDATING EXISTING
DATA THAT’STOOLARGE TOFITONTRADITIONAL
SYSTEMS.BUTNOMATTER HOWYOUDEFINEBIGDATA,
THECHALLENGE ANDTHEGOALARETHESAMEFOR
EVERYBUSINESS:GETTINGTHEMOSTVALUEOUTOFIT.
DATADELUGEENABLINGPRECISIONAGRICULTURE
PRECISIONAGRICULTURE
DEMONSTRATES THATITIS
POSSIBLETOGENERATE ALOTOF
DATAVIAFARMING MACHINERY
ANDCOMBINE ITWITH
GEOSYSTEMS, DRONES, SENSORS
ANDSATELLITES, MAKING IT
POSSIBLETOSUPPORT
OPERATIONAL FARMING WITH
LOCATION-SPECIFICDATATAGS.
SMARTFARMEQUIPMENT ALONG
WITHBIG
DATAANALYTICS WILLENABLE
INSIGHTSANDOPTIMIZATION ON
THEFIELD.
DATADRIVENDECISIONMAKING–ANALYTICALMODELS
PRESCRIPTIVE
ANALYTICS
PREDICTIVE
ANALYTICS
DIAGNOSTIC
ANALYTICS
WHAT
HAPPENED?
WHATWILL
HAPPEN?
HOWCANWE
MAKEITHAPPEN?
WHYDIDIT
HAPPEN?
DESCRIPTIVE
ANALYTICS
VALUE
DIFFICULTY
A HOLISTIC
SOLUTIONFOR
EVERY
STAKEHOLDER IN
AGRICULTURE
ECOSYSTEM
OUR
TECH-STACK
OURTECH-ARCHITECTURE
DIGITAL
INNOVATION
STRATEGY
FUTURE
BUSINESS
MODEL
TECHNOLOGY
CONSOLIDATION
MARGIN
MANAGEMENT
SUPPLYCHAIN
OPTIMIZATION
REGULATION
& RISK
MANAGEMENT
SUSTAINABILITY
& SOCIAL
RESPONSIBILITY
HUMAN
CAPITAL
ENHANCEMENT
WEASSESSYOUR
INNOVATION
READINESS AND
BUILDACUSTOMIZED
INNOVATION
STRATEGY AND
TECHNOLOGY
ROADMAP WITH
ANDFORYOU
MAPPING
PROJECTION
DATACAPTURE
DELIVERY
PREDICTION
O
UR
E
XPERTISE
WHATWEDELIVER
RESEARCH
CONSULTING
TECHNOLOGY
PROJECTS