If you have been paying close attention to recent news, it is pretty clear that rapid population growth, sweeping urbanization reforms and changing weather patterns, especially in Southern Africa, are going to have a major impact on food production across the world during the next few decades. Food production and the alleviation of hunger is the single most vital factor to help maintain order and peace.
But according to IndustryARC global estimates, more than $900 billion worth of crops are either wasted or lost on an annual basis. Such colossal wastage is primarily down to lack of cutting-edge knowledge leading to inefficient planting, suboptimal harvesting, lack of proper water usage, unpredictable weather patterns, presence of insects, etc. These problems and many more need to be addressed urgently and appropriate solutions have to be implemented by integrating the latest technology.
This is where the Big Data Analytics in Agriculture Market jumps in. The very concept revolves around the idea of utilizing information and embracing communication technology to raise the global standards of farming and agriculture. Feeding close to 10 billion people by 2050 is a daunting task and technology is expected to pay a greater role in revolutionizing the agricultural market.
The Big Data Analytics in Agriculture Market, with ample input from the latest advances in Internet of Things and artificial intelligence, has initiated its revolution with simple steps. Strategically placed sensors are able to provide real-time data on the fluctuating state and condition of the soil. Various measurements regarding wind direction and speed, the periodical usage of fertilizers, water sources in close proximity, and the steps necessary for tackling pests are all being made available to farmers.
The Big Data Analytics in Agriculture Market is also coming up with steps to tackle the high cost of heavy equipment. By integrating GPS technology in trucks and combines, producers can make more efficient use of heavy equipment and save a lot on expenses. A revamping of the logistics and cold chain sectors has allowed farmers to greatly reduce crop spoilage by transferring produce swiftly and efficiently.
In other words, the Big Data Analytics in Agriculture Market will ensure a constant flow of data about the way we will farm, process and eat food. Farmers will also be empowered with greater knowledge regarding the needs and requirements of a particular region or customer base. Urban farming is also expected to become extremely popular with greater adoption of rooftop and vertical farming practices.
Several experts have already come to the conclusion that Big Data, as well as its supporting technologies, holds the key to reducing food scarcity and raise the global food supply. Now, the onus is on the governments across the world to implement the right policy frameworks to encourage a thorough overhaul or modernization of the farming practices.