**Gavin Eng**, Senior Analyst, AI & IoT
With the rise of digital transformation, the agriculture sector has increasingly become more technology driven. This has created strong momentum for smart farming, or smart agriculture practices, where technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and drones, are being applied to ensure higher yields for farmers, and at the same time providing other advantages ranging from lower operation costs to a greater emphasis on environmental awareness.
Both traditional farmers and tech players are realizing the importance of digital adoption, especially the IoT in smart farming, and have begun launching initiatives to optimize the quality and quantity of the agriculture goods produced in hopes of boosting productivity and efficiency, as well as ensuring sustainability.
There is a significant increase in these practices in Asia & Oceania. Aside from countries with well developed agricultural technologies (agritech), such as China, India, and Singapore, other countries, including Malaysia, Indonesia, and Thailand, have also shown an increasing trend of IoT adoption in smart farming.
The shift is mainly attributed to the awareness and benefits of integrating technologies into agriculture to maximize desirable outcomes, and implementations are executed by parties ranging from government agencies to startups. Partnerships have also been formed between agritech and non-agritech players, which include communications service providers (CSPs), to capitalize on this market.
Despite being a sector with exponential growth, there are several factors that need to be taken into consideration. These factors include connectivity issues, security concerns, and talent mismatches.
Omdia analysts have identified several key use cases that IoT-based technologies support agriculture practices, including the following:
The IoT is one of the key technologies that has digitally transformed the agriculture landscape, allowing traditional farmers to leverage real-time data to diagnose current and potential concerns and subsequently make informed decisions.
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Gavin Eng, Senior Analyst, IoT Wednesday 1 June 2022 | 14.30-15.10
Gavin Eng, Senior Analyst, IoT Wednesday 1 June 2022 | 17.10-17.50