We outline the market outlook for field intelligence platforms in the agriculture industry — from investment trends and leading companies to recommendations for players in the space.
What are field intelligence platforms?
Field intelligence platforms, also known as farm management software, use sensors and artificial intelligence (AI) to collect, map, and analyze field and orchard data. Data sources include drones and satellites, soil/water/air sensors, weather stations, irrigation systems, and tractor-mounted sensors and cameras.
Features & capabilities
Field intelligence platforms provide farm operators with several capabilities, including the following:
- High-resolution insights
- Flexible data delivery formats
- Flexible payment options
- Completely digital and secure
- Machine learning and data processing capabilities
- Longer forecasting length
Benefits
Field intelligence platforms offer these substantial benefits to farm operators:
- Increased productivity
- Increased input efficiency
- Improved uniformity and yields
- Reduced verification costs
- Reduced operating costs
- Increased power trading profit
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