IoT in Agriculture
The Internet of Things (IoT) is rapidly expanding across many industry verticals including agriculture.
Agriculture Technology (AgriTech) encompasses a wide range of ICT areas including Broadband Wireless, Distributed Computing, Cloud Computing, Artificial Intelligence, Big Data Analytics and other Data Technologies, Robotics (drones or UAV) and various IoT related technologies. Generally speaking, AgriTech solutions are intended to improve agricultural productivity, which is often measured as crop yield relative to resource inputs and operational expense.
Modern farming for large companies is highly mechanized and considered an industrialized business in many ways. Accordingly, the Internet of Things (IoT) in Agriculture (IoTAg) is often referred to a market segment of Industrial IoT (IIoT) when thinking of IIoT in more broad terms than merely Connected Manufacturing.
IoT in Agriculture is intended to support many important AgriTech solutions including asset surveillance, crop monitoring, automation and control of processes, and precision agriculture such as seed placement, moisture control, and more.
Looking beyond the fact that industrialized farming is big business, it is also important to look at the global scale and consider that the Food and Agriculture Organization (FAO) of the United Nations estimates worldwide food production must increase dramatically. The FAO has estimated that there is a need for 70 percent more food for an additional 2.3 billion people by 2050. This will not be accomplished simply by clearing more land and planting more crops.
There is a need for substantial agricultural efficiency improvements globally and a lot is hinging on IoTAg to optimize existing tools and processes as well as introduce completely new technologies and ways of doing things. Accordingly, leading vendors are focused on developing and deploying solutions in the area of Smart Farming (or Smart Agriculture) with an aim towards integrating IoTAg with many other technologies used in AgriTech.
Looking beyond simply the need for more food, there are additional potential benefits derived from IoT in Agriculture as well as the related area of IoT in Food and Beverage industry. Food Safety is one area of importance in which IoT may be used to monitor processes and conditions to maintain food quality and help prevent food borne illnesses.
IoTAg may also be used for other non-production related areas such as Intellectual Property (IP) compliance as IoT tools and techniques may be used to monitor the use (or abuse) of patented food related items (seeds, crops, etc.) such as those Genetically Modified Organism (GMO) materials for which leading AgriTech company Monsanto claims ownership. This is where IoT may be used to carefully track and verify care of custody to verify claims of acquisition, application, and use.
As IoT in Agriculture technologies and solutions mature, they will achieve economies of scale and scope and increasingly be offered on a Cloud-based “as a Service” model. This will lead towards IoTAg democratization for medium and even small-scale farmers, allowing them to achieve productivity improvements as well as other benefits such as food safety improvements and IP compliance.
In addition to covering IoTAg broadly, and innovation for solving specific AgriTech problems, Mind Commerce also constantly monitors important IoT Infrastructure and Support components including IoT Platforms, IoT Data Management, and overall IoT Operations.
Check with Mind Commerce frequently for IoT in Industry Verticals including IoTAg and others.
The general term, AgriTech, represents the use of technology in agriculture, horticulture, and aquaculture for purposes of improving yield, efficiency, and profitability. The Internet of Things (IoT) in agriculture represents a more specific use of technology wherein agricultural planning and operations becomes connected in ways previously impossible if it were not for advances in sensors, communications, data analytics and other areas.
IoT in Agriculture: Market Analysis and Forecasts 2017 - 2022 assesses the technologies, companies, and solutions for IoT in agriculture. The report evaluates the overall marketplace and provides forecasts for sensors (and other devices), services, solutions, and data analytics globally, regionally, and by country for the period 2017 to 2022. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.