Farming is one of the world's most important industries.
Arguably as the food crisis worsens, it will continue to become
even more important. As it does, farmers will need help to increase
crops yield and livestock growth. A large part of this help will
come from technology and, more specifically, from artificial
intelligence (AI) and machine learning (ML).
To put just how important AI and ML are to farming into context,
BI Intelligence Research estimates global spending on smart,
connected agricultural technologies as a whole will triple in
revenue by 2025, reaching $15.3 billion.
Meanwhile, spending on AI alone in the agriculture sector is
predicted to rise from $1bn in 2020 to $4bn in 2026 according to
Markets&Markets. During the same period IoT (Internet of
Things)-enabled agricultural (IoTAg) monitoring will be, PwC
predicts, agriculture's fastest-growing technology with the
potential to reach $4.5bn of global spend by 2025.
