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#News(AgriTech) [ via IoTForIndiaGroup ]
These seven technologies are making farms smarter.
Driverless tractors tilling acres of crops, produce growing in massive climate-controlled warehouses, and seeds genetically altered to require less water are among the high-tech innovations changing, or about to change, agriculture. These technologies are making farms smarter, more productive, and increasingly efficient.And as technology reshapes the field, the benefits will compound. “This is one industry that everybody needs,” Mendelson says. “Everybody eats. So changes that improve productivity for a relative small number of farmers will scale to help everyone.”
In a new paper, Mendelson, with co-authors Stanford GSB professor Hau Lee, Value Chain Innovation Initiative Director Sonali Rammohan, and 2017 Sloan Fellow Akhil Srivastava, show what trends are pushing this food revolution and highlight the areas that are increasingly attracting startups and investors.Beyond precision farming, analytics can be used in more general monitoring tools and centralized digital platforms. For example, Ceres Imaging, launched by Stanford graduates, helps farmers collect field irrigation and fertilizer data through sensors and cameras attached to small planes. Startups in this category have raised about $825 million from investors, Mendelson says.
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