Agritech is a term used in the field of agriculture that refers to the application of computer science, engineering and information technology to agricultural processes.
Agriculture is one of the most important sectors in the global economy. It is so important that it has triggered many technological innovations to make farming more profitable, efficient and environmentally sustainable. One of these technologies is Agritech – a technology that is revolutionizing the farming industry by increasing efficiency, and making it easier for farmers to adopt.
The technology behind agritech is nothing but computers, software, and internet that can increase efficiency when it comes to agricultural processes like planting, harvesting, or fertilizing plants. These tools can save farmers time and money by reducing the need for manual labor per task.
The global market for agritech products was valued at $17,442.7 million in 2019 and is projected to reach $41,172.5 million by 2027.
The agritech market led by North America, APAC and Europe with 38.59% revenue share in 2019. Organic and inorganic developments among key players have significantly increased that have supported the market to grow significantly for good reasons.
By 2050, 37% of the global land area will be categorized as farming land, with an increase in population to 10 billion. This is primarily due to the amount of food that needs to be grown and consumed.
Whether you’re a farmer or just have a keen understanding of the agricultural industry, you probably know that it’s often difficult to start your own business. Most people face challenges with finances, land ownership, and financing.
AgriTech is the application of technology to make farming more efficient. It is often used to reduce labor costs and help farmers grow more crops on less land. AgriTech companies create software tools which can be used by farmers – Applications that can help with tasks such as crop planning, soil fertility analysis, pest management, or livestock feeding.
Agricultural technology is a new sector that is still in the early stages of its development. There are three ways in which an agricultural company can be started:
– Via an idea
– As a spin off from another existing business or organization
– Through a social enterprise
The first option requires the most creativity but generally comes with less risks as it focuses on developing one product only. The second option has fewer risks, but it also requires more spending and less creativity than the first option. The third option is for those who have business experience and expertise but lack any idea for an agricultural company. It requires a lot of expertise
The key is to select the most important problems whose solution will significantly change the life of the target user. Thanks to such an approach, already at the stage of Discovery and Design, it will be possible to build a successful product on the market much faster. It is always worth asking yourself the question “what value does the feature give to our user? Is it worth the investment?”
Agriculture is one of the biggest industries in our world and it is growing everyday as more countries industrialize their farms to meet the demands of a growing population.
This presents new opportunities for startups like AgriTech Company who are looking to improve the efficiency of farming practices and reduce wastage due to underutilization of crops and water resources.
As most people are aware, the Internet of Things has been around for decades. For example, the first commercial use of an internet-connected device was in 1997 when the Net Watch Company began selling its “NetWatch” product. In recent years, however, it has taken on a new definition as it has become much more prevalent in our day-to-day lives.
Companies like AgriTech are taking advantage of these opportunities by implementing internet-connected sensors on farms and other agricultural settings to increase efficiency and reduce costs while also improving quality. In this article, we will explore what the
Blockchain technology can also be used by AgriTech Solutions to improve efficiency in their business. For example, the company plans to use blockchain technology in the near future to facilitate smart contracts between its clients and partners.
Blockchain apps in agriculture:
-Help farmers get more information about their produce and market it online
-A tool for farmers to keep track of the quality of their produce that they sell at the market or at home
-A way to improve farm efficiency as they can use blockchain technology to make sure that they are getting the most out of their resources
-Helps reduce food waste by making it easier for consumers to trace back where their food comes from
-Provides transparency in the agricultural industry so consumers know what they are getting
Third-party integrations can be beneficial to a startup or an existing business. They provide access to a broader audience and help minimize the time it takes for the business to grow.
AgriTech Company can create its own API which helps users with analytics, collection of data, tracking inefficiencies and more. Websites & mobile apps with an integrated API also provide added value.
I have worked with the GMI Group on many projects over the last 4 years. I have always been satisfied with the quality of the commissioned works, which were made by Mikołaj Lehman and his entire programming team.
GMI has unique skills to translate ideas into reality. They are very efficient, discreet and, above all, trustworthy.
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From the beginning, GMI was able to anticipate possible risks and interruptions. The design environment was adapted to our working mode and was simple enough for the product owner to meet his requirements and those of the development team.
Thanks to the great attention to the quality of the code, the project was delivered on time and there were no internal complications associated with the product development. However, there were external complications (service providers), which GMI helped to solve with us.
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With the greatest pleasure and full responsibility, we recommend GMI as a professional contractor for web applications and CMS systems. We chose GMI primarily because they approached our inquiry very professionally. Very fluent contact at an early stage of talks announced that the implementation would be equally efficient and it actually was.
If there is an opportunity in the future to jointly implement another project, we will definitely use the services of GMI again.
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