Cultivating Data: Agriculture
Agriculture is one of the largest and most important Industry in the world with one of the least amounts of digitalization.
The current world population of 7.3 billion people is estimated to reach almost 10 billion by 2050. This growth must be met by corresponding increases in food production, which creates 50% more Agriculture demand.
There’s nothing more important than our food supply. According to McKinsey & Company, about a third of food produced is lost or wasted every year. Globally, that’s a $940 billion economic hit. Inefficiencies in planting, harvesting, water use and trucking, as well as uncertainty about weather, pests, consumer demand and other intangibles contribute to the loss.
As precision agriculture is deploying intelligence to fields so that farmers can gain visibility into crop yields and cost factors as they grow crops. As the Farmers harvest their crops, the major problem for them is in Marketing and better Price Discovery.
Growers see a lot of differences in the Supply and Demand for Crops from Sowing to Harvesting; As there is no real-time visibility and data access across the value-chain to provide complete picture of global Agriculture to predict the Supply and Demand. This can only be solved by better Data Solutions.
Empowering the Agriculture Industry through Data
We need data solutions that enable value-chain users to undertake better and more in-depth analysis in their fields of expertise in Agriculture. With the climate change and a growing population combined with unsustainable production and consumption patterns globally means that we need to figure out many smart solutions in a short time. We can't address the issues facing agriculture on our own, people across the entire Agriculture value-chain must become more data-driven and innovative, which is why we need a data platform necessary to support and facilitate this innovation across the global food and agriculture industry.
Solution
Farmioc is developing the world’s most extensive global agriculture data platform.
Agriculture value-chain stakeholders can gain a competitive edge through accessing Farmioc's unparalleled data, analytics, models and forecasts.
Farmioc bridges the data gaps across the global agriculture sector, empowers decision makers, and creates a more connected, efficient, and productive global agriculture and food industry.
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