CropIn, a leading Artificial Intelligence and data-led agri-tech organization that provides SaaS solutions to agribusinesses globally, today hosted ‘The Agri-Innovation Summit’ 2019 in Mumbai. The event witnessed the presence of Shri. Ashish Kumar Bhutani, Chief Executive Officer, Pradhan Mantri Fasal Bima Yojana, and Mr.Arindom Datta, Executive Director of Rural & Development Banking, Rabobank along with Mr.Krishna Kumar, CEO of CropIn.
CropIn being the leading AI and data-led agri-tech organization, enables the clients to analyze and interpret data to derive real-time actionable insights on standing crops and projects spanning geographies, thereby enabling the business to utilize technology to effectively drive their initiatives around digitization, predictability, compliance, sustainability, and traceability.
CropIn has digitized over 5.5 million acres of farmland and enriched the lives of nearly 2.1 million farmers, while gathering data on over 300+ crops and 3,500+ crop varieties in over 46+ countries. The SaaS solutions offered by CropIn are crop and location agnostic, and are available on the web and mobile devices.
“The government of India has taken the initiative to migrate totally to technology based yield assessment. Climate change is already a reality and it has to be addressed in terms of agriculture. We have to find a robust technology to solve this and there is a need to address these issues through technology as farmers are coming out of agriculture. There is a need for us to rise and find abetter solutions to solve the agricultural issues,” said Ashish Kumar, Chief Executive Officer, Pradhan Mantri Fasal Bima Yojana.
“Agri-Technology has served as an enabler for improvement in agribusinesses and helped the entire ecosystem with traceability and predictability. The biggest challenge is to understand the amount of harvest is going to come up. Climatic change has been a big concern for us. If we look globally, the number of young farmers have reduced in last one decade. Agriculture consumes around 75% of the freshwater. We are not able to fund more than 50% of Ag-credit needs. The rise in temperature is bringing down the food production globally and we need trillions of investment to fix the problem of the irrigation. It has to be an ecosystem approach and data driven platform that can bring down the challenges seen in agricultural ecosystem,” said Mr. Kumar, CEO of CropIn.
CropIn has introduced cutting-edge technologies like – Big-data analytics, artificial intelligence, and remote sensing to provide different insights across the value chain and help the management to make smarter decisions. The vision is to maximize per acre value and make every farm traceable. CropIn aims to add value by increasing efficiency, scaling productivity and strengthening sustainability across the board.
At the turn of the century, agriculture has become an industry with maximum potential and impact that would be a gateway of opportunities for inclusion of various stakeholders within and around the ecosystem, wherein agriculture has become the guiding pillar for economic transformation in the country, representing a space where innovation can serve the marginalized in diverse ways. A widely evolving technological landscape is an outset of new possibilities to target and price credit, to share the risk, and to harness information technology to expand agricultural productivity, which generates both welfare and regional economic integration as it contributes to over 15% of the overall economy (GDP), which determines the standard of living for more than 60% of the population. At the same time, many obstacles are not IT-enabled, so it is important to look for strategic places where policy and investment can help to improve outcomes for agricultural households.
This sector with the aid of digital inclusion has transformed the entire value chain of agribusinesses. The rapid advancements in AI/ML are facilitating intelligent food production and the development of new business models. As a result, the agri ecosystem will be more productive, efficient, sustainable, inclusive, transparent, and resilient. The use of new technology is necessary to move India’s agriculture to a more productive path.
CropIn is a leading full-stack agri-tech organization that provides SaaS solutions to agribusinesses globally. CropIn’s unique suite of products enables various stakeholders in the agri-ecosystem, including the farmer, to adopt and drive digital strategy across their operations.
Using cutting-edge technology like big-data analytics, artificial intelligence, machine learning, and remote sensing, CropIn creates an interconnected network of all these stakeholders at different levels of the agriculture ecosystem, enabling clients to analyze and interpret data to derive real-time actionable insights on standing crop. Businesses can thus leverage technology to effectively drive their initiatives around Digitization, Compliance, Sustainability and Traceability.
With the vision to ‘maximize per acre value’ and the mission to ‘make every farm traceable’, CropIn adds value to agri-businesses by increasing efficiency, scaling productivity, and strengthening sustainability across the board. Thus far, CropIn has digitized over 5.5 million acres of farmland and enriched the lives of nearly 2.1 million farmers, while gathering data on 384 crops and 3,662 crop varieties in over 46+ countries. The SaaS solutions offered by CropIn are crop and location agnostic, and are available on the Web and mobile devices.