Decoding 5 Key Digital Technologies Reshaping the Agriculture Industry

Thought Leadership

Decoding 5 Key Digital Technologies Reshaping the Agriculture Industry

By Archit Bhise, Tavant Technologies

Editor’s Note: Here’s a recent blog of interest contributed by AgGateway member Tavant Technologies. If your company has recently published information on digital agriculture that you think would be of interest to AgGateway members, email Eileen Licitra and Susan Ruland, care of AgGateway Member Services, Member.Services@AgGateway.org.

According to a 2015 report from the McKinsey Global Institute, agriculture is the least digitized industry; far behind healthcare, hospitality, and construction. Conquering agricultural challenges need to break through the weakest link of the food chain by using technology, with digitization as a keystone.

In recent years, technology in agriculture, which is also termed as AgTech has drastically changed the agriculture industry. The digital agribusiness is undeniably real, and it’s here to stay. Digital will play a vital role in the agricultural value chain by providing targeted information, data-driven decisions, and recommendations, access to sustainable practices and finance opportunities.

How do we do it? Organizations must adapt to survive and thrive. People in the industry—farmers, food producers—must embrace the digital transformation trends in agriculture. By leveraging digital technology as a sustainable and scalable resource, organizations can take agriculture to new heights, keeping farm to fork in our future. The overall food production needs to double in a relatively short duration, to support the growing world population. Digitization in the agribusiness sector significantly increases the ability to feed the rapidly growing world population sustainably.

Research shows 90% of CEOs strongly believe that the digital economy will have a significant impact on the agriculture industry; however less than 15% are funding and executing on the plan. It’s fortunate that digitization is helping to connect agricultural concerns across the globe. But what does the future of farming look like?

A few significant AgTech trends that are shaping the agriculture industry currently:

  • Artificial Intelligence and robots
  • Blockchain technology
  • Analytics
  • Internet of Things
  • Sensors.

Read the full blog here.