Technology

The 4th Industrial Revolution (Industry 4.0) is a Confluence & Convergence of Emerging Technologies that is expected to Transform every Industry today

● Driven by advancements in A.I & Data explosion
● Centered around advancements in Connectivity, Cloud (Edge) & IoT
● Supported by advancements in Robotics, AR/VR & Blockchain

Farming 4.0 - Current Macro Trends support a massive Transformation in Farming

● Rising population and resulting increase in food demand : World population is expected to rise to 10 billion by 2050 and boost agricultural demand by 50% compared to 2013 - UN FAO report
● Declines in farm income : Farm profits are at a record 12-year low. Farm profits to dwindle 6.7 percent to $59.5 billion, which is the lowest it’s been since 2006 - USDA Report
● Digital native consumers : There is a rising generation of digital-native, tech-savvy customers who come with expectations based on their experience in other digital-first industries.
● Digital disruption : Traders lacking foresight into the crop volume and facing highly volatile prices, Digitization across the value chain can disrupt the fundamental business model.

Green House / Indoor / Vertical Farming on the rise

New methods of farming combined with Technology advancements is enabling this micro trend in Farming.

Solution

Approach