DataKinetics’ Post

With the interim budget just around the corner, agritech startups are looking for a fillip in the form of infrastructure development and promoting the use of AI. Speaking to @Inc24, WayCool MD Karthik Jayaraman called for exempting long-term capital gains on private equity investments in the agriculture sector to promote innovation and build infrastructure. Agritech players believe there is a need for developing digital public infrastructure tailored for the sector to mitigate the effect of climate change. Click on the link to dive deeper --> https://lnkd.in/g8ak6aH7

. Impressive to see AI startups leveraging OCI's cost-effective and high-performance infrastructure for impactful solutions! ByMyCell's work in genomics for agribusiness is a prime example of technology driving sustainable agriculture. Their approach highlights how AI can optimize crop production and support farmers in innovative ways. It's exciting to think about the future applications of such technology across various industries. What other sectors do you think could benefit from similar AI-driven solutions? .

Artificial intelligence (AI) is emerging as a transformative force in addressing the complex challenges faced by smallholding farmers in India. Amidst erratic weather patterns, climate change impacts, and financial constraints, the World Economic Forum's AI for Agriculture Innovation (AI4AI) initiative is playing a pivotal role in revolutionizing agricultural practices in India. Led by the Centre for the Fourth Industrial Revolution (C4IR) India, this collaborative effort involving government, academia, and the business sector aims to harness the power of AI and related technologies to drive unprecedented advancements in the agriculture sector. Read this article to learn about the impact AI is having on farming!

The Pragmatic Approach: Harnessing AI Innovation for the Heart of Canada As a nation, we've always been proud of our agricultural heritage. Farmers and small business owners are the backbone of this country, and it's high time we started recognizing their value. But in our enthusiasm to promote innovation, let's not forget the importance of common sense and caution. I'm all for harnessing the power of technology and AI to improve our agricultural practices. Precision farming, data analytics, and automation can be game-changers for farmers, helping them optimize yields, reduce waste, and increase efficiency. But we need to approach these innovations with a level head, recognizing that they're tools, not substitutes, for human judgment and expertise. We can't just impose top-down solutions on our farmers, dictating how they should use their land and resources. That's not how we do things in Canada. We need to work with our agricultural communities, listening to their concerns, and supporting them as they adopt new technologies at a pace that is not disruptive, but in harmony with all Mankind. And let's not forget, the real innovators in this country are the farmers and small business owners themselves. They're the ones who've been experimenting, adapting, and evolving their practices for generations. They're the ones who know the land, the climate, and the community best. So, as we move forward with innovations like AI in agriculture, let's make sure we're doing it in a way that supports and empowers farmers and the many industries that are peripheral to it, rather than trying to replace them. One misstep could lead to catastrophic outcomes (and FrankenBugs!). Let's recognize the value of their expertise, their hard work, and their commitment to the land. We need to be cautious about the unintended consequences of our actions, ensuring that our enthusiasm for innovation doesn't lead to the consolidation of farms, the loss of rural livelihoods, or the erosion of our rural communities. Informed Consent is essential. By taking a pragmatic approach to innovation, one that balances progress with caution and common sense, we can ensure that agricultural (and small business) remains the heart of Canada, beating strong and proud for generations to come. I was born on a farm. Thank you for reading. Carol

The future of agriculture hinges on the integration of climate-smart technologies and education. By leveraging artificial intelligence, big data, and innovation, developing countries can turn agricultural challenges into growth opportunities (ADB).

🚜 Agriculture faces more demands than ever to provide for a growing population while meeting sustainability standards. 💡 How can AI help? It can: ·      Preserve arable land ·      Reduce CO2 emissions ·      Increase access to data and education 🖥️ By collaborating with stakeholders from business and agriculture, GPAI Experts developed an online portal to share resources and information on best practices. Read their recommendations on how to achieve international collaboration on this global issue here 👇   CEIMIA, Inria, Abhishek Singh, digitalindia.com, INDIAai, Ministry of Electronics and Information Technology, Yoichi Iida, Inma Martinez, Daniela Rus, Laurence Liew, Francoise Soulie-Fogelman, Kaitlyn Bové #AI, #ResponsibleAI, #AIAgriculture, #AgricultureAndFarming, #AIInnovation, #SustainableAI, #AICollaboration, #GlobalAI, #GPAI

CORTMA recognises the advantages of implementing Gen AI in the agriculture industry. Global demand for nutrition is increasing, creating new economic pressures and opportunities for farmers. The agriculture industry is also moving toward more sustainable practices. Using rapidly evolving technologies like AI, incredibly generative AI (gen AI), and analytical AI can significantly improve efficiency and effectiveness throughout the industry. According to McKinsey & Company, leveraging Gen AI could create $250 billion in economic value for the $4 trillion global food production industry through on-farm economics and enterprise operations. Delve deeper_ ______ Follow our thinking At a glance:   At Mactur, we provide advisory services on corporate turnarounds (operationalising restructurings and enterprise-wide transformations). At CORTMA, we apply an entrepreneurial ecosystem-based approach to facilitate the lower mid-market (MSME) business transfer. Thank you for choosing my content curation. I hope you find it insightful and enjoyable. ______ #Growth #Marketing #Technology #Ecosystems #Turnarounds #Management #Entrepreneurship #Economy #Strategy #Leadership #Directorship #Data #businessContinuity #CortmaTranferOfSMEs #AI #AGI #BusinessTransformation #Agriculture

❗ Exciting News ❗ HabiTerre, a spinout of ARPA-E-funded research at the University of Illinois Urbana-Champaign, was recently named one of the 2024 Startups to Watch.  The "System of Systems” solution they developed under our SMARTFARM program integrates multiple data streams with proprietary algorithms to quantify and model agricultural emissions at the individual field level to promote advanced carbon management and sustainability practices.  Using AI and supercomputing technology, HabiTerre is now able to achieve field-level accuracy over entire regions, demonstrating the most advanced model for carbon cycles on the market, as well as crop growth and nutrient dynamics. Read more from St. Louis Inno to learn how HabiTerre’s technology is being utilized across tens of millions of acres in the U.S.: https://bit.ly/3wBZrFJ.

The Productive Collaboration Benefits of AI, Agribusiness, and Human-Centered Activities In the dynamic intersection of artificial intelligence (AI), agribusiness, and human-centered activities, we witness a powerful synergy that holds immense promise for our planet. Let’s look into the ways these three domains mutually enhance each other: Productivity and Efficiency AI technologies play a pivotal role in optimizing agricultural processes. By analyzing historical data, machine learning algorithms recommend optimal planting times, irrigation schedules, and fertilizer usage. Precision agriculture, enabled by AI, ensures that resources are allocated precisely where needed, reducing waste and increasing productivity. Crop Monitoring: Drones equipped with AI-powered cameras monitor crop health, detect diseases, and assess nutrient deficiencies. This real-time information empowers farmers to take timely corrective actions. Soil Health: AI analyzes soil data to recommend specific soil amendments, promoting sustainable land use. Biodiversity Preservation: AI models predict the impact of land-use changes on local ecosystems, aiding conservation efforts. AI predicts weather patterns, assesses climate risks, and recommends adaptive strategies. This helps farmers prepare for extreme events like droughts, floods, or storms. Early disease detection using AI prevents crop losses and minimizes economic impact. AI streamlines supply chains by predicting demand, optimizing logistics, and reducing food waste. Agribusinesses benefit from AI-powered market analysis, enabling better pricing decisions and access to global markets. AI complements human expertise rather than replacing it. Farmers and agribusiness professionals collaborate with AI systems to make informed decisions. Training programs and user-friendly interfaces ensure that AI tools are accessible to all stakeholders, regardless of technical expertise. AI adoption in agribusiness leads to economic growth by increasing productivity and expanding markets. New job opportunities emerge in AI development, data analytics, and agribusiness management. AI optimizes crop breeding to enhance nutritional content, addressing malnutrition. Smart food distribution systems powered by AI ensure equitable access to nutritious food. As Cyrus McCormick wisely said, “Indomitable perseverance in a business, properly understood, always ensures ultimate success.” Indeed, the relentless pursuit of innovation and collaboration between AI, agribusiness, and human-centered activities will yield a bountiful harvest for humanity and our planet .

We are excited to announce that we are collaborating with the Grains Research and Development Corporation to proudly launch the Grains Challenge programs. 🎉 This national initiative mobilizes deep tech across sectors to tackle pressing issues in the $87 billion Australian grains industry. From unpredictable weather to evolving consumer demands, the time for reinvention is now! With trailblazers like Regrow Ag, Converte, and Platypus Vision in our portfolio, Cicada exemplifies the transformative potential of deep tech in agriculture - think nanosensors, robotic automation, and more! This is not just about innovation; it's about achieving net-zero goals, driving plant innovation, and ensuring sustainable agriculture. Read more below ⬇️ and check out our Grains Challenge programs here: https://lnkd.in/gEKpps5K #agtech #agriculture #agstartups #deeptech #techinnovation #australianstartups