Technology has benefited enterprises immensely over the last decade, and the agricultural sector is not left behind. State-of-the-art technologies such as drones, predictive modelling, machine learning, IoT, and robotics are making the lives of farmers easier than ever, including those in the APAC region. Today, farmers can make data-driven decisions by leveraging high-end farm management tools to achieve sustainable yield.
In 2020, it is expected that technology will continue to advance in the agricultural domain with smart connected systems. The new-age systems will provide real-time analysis and data reporting, thereby making agricultural operations more efficient. Moreover, at a time when labor shortage continues to be a dominant challenge in the sector, the role of artificial intelligence, automation, and robotics will be of high significance. These technologies, with their improved monitoring and data collection capabilities, can aid in meeting the needs of producers as well as consumers. With such value to offer, it can be expected that there will be increased investment in these technologies. The aim is to reinvent the global food system to produce healthy food at an affordable price.
That’s not all. The agricultural sector will witness the growth of Farming as a Service (FaaS)—a term commonly used to refer to pay-per-use farming services. Interestingly, reports indicate that FaaS can hugely benefit landowners and farmers who seek to establish fixed costs and goals at a time when there is uncertainty around marketing and commodity rates.
In the wake of these emerging trends in the agricultural sector in the APAC region, Enterprise Technology Review has compiled a list of top 10 AgTech companies in APAC 2020 that features top players in delivering robust and efficient AgTech solutions and services. We hope this issue of the Enterprise Technology Review helps you build the partnership you and your firm need to achieve business goals.
We present to you Enterprise Technology Review’s “Top 10 AgTech Companies in APAC - 2020.”