Saturday, April 10, 2021
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Tech

AI to play a key role in India’s growth in agriculture: Nasscom EY report

Jaleel M. by Jaleel M.
March 25, 2021
in Tech
0
AI to play a key role in India’s growth in agriculture: Nasscom EY report
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Artificial intelligence (AI) is expected to play a key role in the growth of Indian agriculture relieving the sector from stressful conditions and catalyzing shift towards data-driven farming, according to a Nasscom-Ernst & Young report titled ‘Leveraging AI to maximize India’s agriculture output.’

Despite being an agrarian economy, multiple challenges hold back the Indian agriculture sector from performing to its potential. “However, with increased government support, growing agritech providers, burgeoning startup ecosystem, and rising AI adoption among the rural farming population, a strong transformation impetus is underway,” Nasscom said in a statement.

Data consolidation, lack of infrastructure awareness in data processing, and its availability have been some of the key challenges faced by the sector today. In addition to this, lack of awareness on agricultural inputs, access to quality seeds, lack of adequate irrigation infrastructure, and scarcity of farmer capital, are some of the challenges faced by the sector.

“AI has the potential to play a key role in relieving the sector from most of its stressful input conditions, catalyzing a shift towards data-driven farming. Leveraging macro as well as farm-level data collected through sensors will help maximize yields and optimize the use of available resources,” Nasscom said.

“The Indian agriculture sector can utilize the potential of AI’s transformative capabilities through effective data practices. The Netherlands is a stellar example of effective AI adoption in agriculture. With just a small arable land the country has become the world’s 2nd largest exporter of agricultural products by value leveraging technology and AI,” said Debjani Ghosh, president, Nasscom.

“For India to realize the full potential of AI, a coalition of government, industries, and startups in providing necessary infrastructure and policy support, enabling AI innovation across sectors, and mentoring and providing financial support to startups is imperative,” she added.

As per the survey findings, revenue growth, innovation and farmer/end-customer experience are priority areas for AI in agriculture enterprises. Additionally, companies are looking at a dedicated AI strategy and budget as key imperative to scale AI initiatives enterprise-wide post covid-19.

Nasscom said it will continue its drive towards catalyzing AI adoption in the country by enabling co-innovation and co-creation with startups, creating hackathon platforms for ideation and building of innovative solutions, facilitating research, and work with the government in building policy framework for AI in the country.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.



Source link

Related posts

What happens to your account when your device gets stolen or lost

What happens to your account when your device gets stolen or lost

April 10, 2021
Personal data of 50 crore LinkedIn users leaked online

Personal data of 50 crore LinkedIn users leaked online

April 10, 2021
Previous Post

‘All Realme devices priced above ₹20,000 to be 5G compatible’: Madhav Sheth

Next Post

SAIC Motor and Haier to jointly develop smart cars, smart homes

Next Post
SAIC Motor and Haier to jointly develop smart cars, smart homes

SAIC Motor and Haier to jointly develop smart cars, smart homes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

INTERVIEW: Seint Monet

INTERVIEW: Seint Monet

8 months ago

Teaching Math Online – A Complete Guide

7 months ago
Glee’s Matthew Morrison Addresses Lea Michele Allegations

Glee’s Matthew Morrison Addresses Lea Michele Allegations

10 months ago
Chris Gayle Said He Would Smash Rashid Khan, Recalls KL Rahul

Chris Gayle Said He Would Smash Rashid Khan, Recalls KL Rahul

10 months ago

FOLLOW US

  • 85 Followers
  • 29.5k Followers
  • 113k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • KRISTIN LASH & JAKOB GREY Team Up On “Sleeping With The Lights On”

    0 shares
    Share 0 Tweet 0
  • SEVENTEEN REVEALS PROMOTION SCHEDULE FOR ; SEMICOLON

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy