Can technology help digitize the agricultural value chain?

16-10-2019    21:39   |    Techwire Asia

TECHNOLOGY can help everyone in the agriculture business.

Over the past decade or so, technology has been used to make life better for farmers, providing them with information about weather and fertilizers.

However, in recent times, players in the agriculture industry are trialing new-age technology solutions such as the internet of things (IoT), artificial intelligence (AI), and even 5G — to make production, transport, and sales easier and more efficient.

According to experts, technology can make a big impact on farmers, especially as the demand for food increases and the need to clamp down on costs to ensure vital essentials are accessible to all grows in importance.

Challenges such as lack of education and best practices in agriculture, poor access to financial services and bank accounts, and even the absence of weather, soil, and farming analytics can all be tackled easily using new-age technologies.

IoT and 5G, for example, can help government bodies provide better support to farmers, capturing data and providing advice and support to not just one particular farm but to all farms in the region.

Mobile payments and digital-only banks can help bring more farmers out of the unbanked community, which is something that is essential when it comes to bridging the gap between farms and consumers.

The good news, honestly, is that regulators and farmers both see the benefits of using technology.

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Photo credit: Miguel García from Pixabay

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