The term "disruptive" is always associated with negative meaning and brings harmfully. But along with the mindset of society that is increasingly developing and intelligent, today, people allow creating a new perspective of disruption. Things may deteriorate as disruptive elements combine with technology. Fortunately, disruptive technology has a different meaning— it usually helps customers. Agriculture is the oldest sector in the world, and most people have underestimated this sector when combined with technology. Moreover, is disruptive technology suitable for agriculture?
Innovations known as disruptive technologies fundamentally change how markets, industries, or businesses function. Due to its characteristics superior to the systems or practices it transforms, disruptive technologies push conventional methods aside. Surprisingly, big data analytics, robotics, blockchain, wireless sensor networks, and artificial intelligence belongs to disruptive technologies. These technologies we use in almost daily activities. And IoT is a well-recognized technology established in nearly all the top industries in the cutthroat global marketplace. Sounds incredible!
Several megatrends are currently driving the need for AgriTech development, and each has the potential to revolutionize the agricultural industry in a significant way. Some of the most critical trends driving this need for AgriTech development include:
The increasing food demand. As the population in an urban area increases, the food demand will keep more and more.
The middle-class growth put pressure on food production to meet the needs of growing populations and trends.
Poverty still exists. Some people live in poverty, forcing them to turn to agriculture for their food needs.
Losses result from extremes and climate change (droughts, floods). Climate changes affect income because they influence goods, livelihoods, and crop production. Moreover, rainfall and temperature change directly impact crop production by lowering productivity and yields.
Jobs availability. Technology creates new types of jobs, although robots will replace some jobs. Still, disruptive technology brings new opportunities to work.
As a result, disruptive technology is needed in agriculture. AgriTech, a transformation of disruptive technology, tends to provide technology methods that enhance sustainable development, precision agriculture, higher output and efficiency, and the creation of opportunities for change.
The way corporate entities produce and sell farming products has changed dramatically due to the growth of AgriTech. The ratio of labor, capital, and land in agricultural production is shifting due to the implementation of disruptive technology. Some of the technologies below are instrumental in the progress of the farming sector in the world. There are even business schemes that did not exist before. Further, let's check these.
Agricultural biotechnology uses advanced development techniques such as vaccinations and agrochemicals. It involves the scientific cultivation of plants, animals, and microbes. It strives to enhance agricultural inputs, which increases the probability that it will change the stream area of the value chain, which includes input supply and output.
A blockchain is a digitally distributed public ledger across a network. Blockchain technology provides a safer transactions dashboard. This blockchain enables farmers and agribusiness to sell their goods at fair pricing while also cutting transaction fees, allowing smaller farmers to access the market. Besides, blockchain technology eliminates the need for tedious and tedious insurance procedures by providing a traceability system to guarantee a farmer's crops and report losses.
UAVs or drones are used in agriculture to monitor and gather information. They typically have sensors that enable snap images to aid crop monitoring. Their multi-spectral sensors assist precision agricultural management systems by recognizing farming areas that need nutrients or water.