Technology as a wide concept. Technological developments made in recent decades are increasing our access to the agricultural sector and are delivering exciting new insights into the dynamic nature of the agricultural area. Agritech is a technological solution for feeding a growing population.
The agriculture sector is one of the most important industries for Indian growth, which means it is also a large employer. Approximately 60 percent of the Indian population works in the industry, contributing around 18 percent to India’s GDP. Now the world started to think about global food security that’s why agritech matters.
Lots of inevitabilities existed in the agricultural industry like an evolving new atmosphere, depletion of water assets, and the potential for enlarged disintegration and loss of profitability because of the onset of remarkable climate conditions. Farmers can screen their yields in a prime manner and be updated in real-time about the perfect time for harvest with the help of Satellites. unmanned aerial vehicles (UAVs), and remote sensors these devices monitor farms for 24 hours per day consistently. Real-time execution of rural Artificial intelligence helps farmers to investigate climate realities, temperature, water utility, and conditions of soil gathered from their farms to settle on informed choices for business planning and decision making, etc.
big data analytics is revolutionizing the agricultural sector in no of ways like Monitoring natural trends. Advanced supply tracking, Risk assessment, Ideal crops and consumer expectation, Data-driven industry, and Better supply chain management. artificial intelligence revolutionizing the agricultural sector basically through Predictive analytics and precision farming, Risk management, and Pest control.
A single technology platform guarantee to increase farmers’ income and hence their buying and selling capacity as well. Funds can allocate the right manner will help the farmers to form their own producer companies or organizations that make profitable value to them. At the same time agritech trying to establish a digital agricultural supply chain. Stakeholders are bringing onto this single technological platform. farmers can expand their buyer base, reach an exceptional number of consumers, and in this way they can increase their profitability as well. Incorporation of technology in agriculture and can help individual and small farmers along with assisting the entire value chain while benefiting contract farmers, corporates, R&D institutions, funding agencies, trade bodies, FPO’s and Government bodies as well.
The future of agritech is immeasurable. Major benefits from agritech not only for various Agriculture stakeholders but positively for small farmers and laborers, transforming them into farm owners as well. Definitely agritech changing the face of agriculture.
