Assignment for structure of global economy

vishal kumar
Bba-Ib
2020514615

SUMMARY:

IoT technology is transforming the conventional farming practices by providing an alternative to

intensive labor and physical equipment. IoT sensors can collect real-time data on various
aspects of farming, such as soil moisture and temperature, wind speed and direction, rain, and
humidity. These sensors can also be used to automate irrigation systems, track plant and
livestock health, and monitor farm equipment and microclimates. Agrila, a Bulgarian startup, has
developed an IoT-based sensor station that provides real-time alerts and detailed reports on
sensor data. Similarly, Farmer's Hive, a Canadian startup, offers remote monitoring sensors for
greenhouses, family farms, and fruit growers, and provides cloud services to store and analyze
the collected data. IoT technology is enabling farmers to gain insights into their farm data and
identify problem areas in real-time, thus improving the efficiency and productivity of farming
operations.
Startups are developing agricultural robots to help farmers automate repetitive tasks such as
fruit-picking, harvesting, planting, spraying, seeding, and weeding. These robots enable farmers
to focus on improving productivity without worrying about slow processes and human-induced
errors. US-based startup Advanced.Farm offers solutions for autonomous harvesting and
navigation in fields, while Canadian startup Nexus Robotics develops Le Chevre, a robot that
detects and removes weeds from fields. Incorporating AI in agriculture provides farmers with
real-time insights into their field conditions, aiding in predicting weather data, crop yield, and
prices. Chatbots offer suggestions and input recommendations to farmers based on AI analysis.
The integration of robotics and AI in agriculture is revolutionizing the way farmers operate,
making farming more efficient and productive.The agriculture industry is benefitting from the use
of technology, specifically AI and ML algorithms, biotechnology, and drones. AI and ML
algorithms help farmers automate anomaly and disease recognition in plants and livestock,
provide gene selection recommendations, and offer easy access to finance through alternative
credit scoring. Startups like Arva Intelligence provide AI-powered crop planning solutions, while
Ask Attis specializes in disease detection for plants through their app, Planticus. Drones are
also being used for farm monitoring and precision agriculture, optimizing the application of
fertilizers, water, seeds, and pesticides, and facilitating livestock tracking and grazing
monitoring.AgriTech startups are using drone technology to improve precision agriculture, crop
surveillance, and livestock monitoring. Startups like Wakan Tech are developing drones for
aerial pollination of date palm trees, while Equinox’s Drones offers drone solutions for crop
surveillance, aerial inspection, and data analysis. Precision agriculture, a sustainable method of
crop and livestock management, is gaining popularity as it uses exact amounts of inputs to
enhance the quality and productivity of yields, addressing sustainability challenges while
improving profitability.AgriTech startups and their innovative solutions in the field of agriculture.
It covers topics like precision agriculture, drones for crop monitoring, aerial pollination,
controlled environment agriculture, and more. Some of the startups mentioned include
AgroScout, Wakan Tech, Equinox's Drones, AgriData Innovations, OnePointOne, and Baltic
Freya. These startups use technologies like AI, computer vision, neural networks, hydroponics,
aeroponics, and fogponics to address challenges in traditional farming methods and promote
sustainable farming practices.Regenerative agriculture focuses on improving soil biodiversity
and topsoil revival through practices like reduced tillage, crop rotation, and cover crops. Freesoil
develops high-quality plant-based compost extract and adds microorganisms to enhance the
symbiosis between plants and microbes, leading to nutrient-rich soil. Acterra uses fermentation
technology for composting, seed, soil, and residue treatments to accelerate matter breakdown,
reduce the need for chemical fertilizers, and sequester carbon into the soil. Connectivity
technologies like 5G, LPWAN, rural broadband, and satellite-enabled communication facilitate
the adoption of IoT devices, robots, and sensors and enable farmers to monitor data more
accurately in real-time.In summary, the last two trends in smart farming are regenerative
agriculture and connectivity technologies. Regenerative agriculture involves practices that
improve soil health, reduce erosion, and promote carbon sequestration, while connectivity
technologies like 5G and LoRaWAN enable farmers to access real-time data from agricultural
sensors and devices. Dutch startup Freesoil develops plant-based compost extracts to improve
soil resilience, while Canadian startup Acterra uses fermentation technology to compost waste
and enrich the soil. Australian startup Ellenex manufactures agricultural sensors that use
connectivity technologies like LoRaWAN, while US-based AgriLinx develops its FLEX network
to provide low-bandwidth data coverage and wireless backhauls to connect remote farm
locations with the internet.
The end.