Artificial Intelligence in Agriculture to Grow both in Developed and Developing

Posted by BIS Research on December 11th, 2019

Artificial intelligence technology brings the concept of cognitive computing to agriculture where the farm equipment intelligence is modeled on human intelligence. The capabilities enabled by this technology allow the farm equipment and solutions to interpret, acquire, and react to unpredictable farm situations with enhanced efficiency. Artificial intelligence technologies help farmers in optimizing their planning to generate profitable crop yields using predictable analytics for agri-input choices and farm process planning.

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For instance, AI technology has found use cases in crop disease detection, crop growth assessment, and crop yield prediction, preventing over-application of fertilizers and other agri-inputs. The forecast of results for these agricultural processes in the market are powered by AI sensors and imaging equipment. The presence of these AI-based software and hardware products and services in the agriculture market has led to an optimistic growth of the precision agriculture market.

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Although the artificial intelligence technology has led to excitement in the whole industry, for agricultural AI players to quickly adopt the same and survive in the market, understanding the driving and restraint factors of the market is crucial.

The upcoming trend of artificial intelligence technology is not only prevalent in developed countries, developing countries have realized its importance as well. The upcoming trend of the use of artificial intelligence in agriculture has gained prevalence amongst the government of developed and developing countries. Government of these countries have also realized the need and advantages of this technology, and thus their initiatives to promote AI is expected to further drive the growth of the artificial intelligence in agriculture market.

However, there are certain challenges which prove to be a restraint in the growth of the global artificial intelligence in agriculture market. The awareness and knowledge about newer technological advancements in the agriculture technologies such as artificial intelligence is yet to spread extensively amongst the growers, especially amongst those of the emerging countries. The lack of technical infrastructure in agriculture of developing countries and data privacy concerns among growers also act as a restraint in the market.