- The Internet of Things (IoT) has revolutionized the agriculture industry by providing farmers with real-time data on crop health, potential issues, and production costs.
- 2. IoT-based agri-tech software uses sensors to gather data from crops and livestock, enabling farmers to monitor crop health, receive alerts for pests or diseases, and calculate total production costs.
- The sensors are connected to a central software platform that collects and analyzes data, allowing farmers to optimize their farming practices.
- The software can also track input costs, such as fertilizers, pesticides, and labor, providing a comprehensive view of total expenses and profitability. It can also provide predictive analytics, forecasting potential issues like weather patterns or market trends that could impact the farm's output.
Smart agriculture, the application of IoT solutions in farming, involves collecting environmental and machine metrics, leading to informed decisions and improved efficiency across various aspects of agriculture. Key use cases include crop monitoring, livestock management, precision farming, supply chain optimization, and cost estimation. Benefits of smart agriculture include efficiency, sustainability, and data-driven decisions. The global smart agriculture market is expected to triple by 2025, reaching $15.3 billion, and COVID-19 disruptions have accelerated IoT adoption in agriculture, with a projected CAGR of 9.9%.