This is a preview ofÂ The Internet of ThingsÂ (IoT) research report from Business Insider Intelligence.
The farming industry will become more important than ever before in the next few decades.
The UNÂ projects that the world’s population will reach 9.7 billion by 2050, causing global agricultural production to rise 69% between 2010 and 2050. To meet this demand, farmers and agricultural companies are turning to the Internet of Things (IoT) for analytics and greater production capabilities.
The IoT is set to push the future of farming to the next level. Smart agriculture is already becoming more commonplace among farmers, and high tech farming is quickly becoming the standard thanks to agricultural drones and sensors.
Farmers have already begun employing some high tech farming techniques and technologies in order to improve the efficiency of their day-to-day work. For example, sensors placed in fields allow farmers to obtain detailed maps of both the topography and resources in the area, as well as variables such as acidity and temperature of the soil. They can also access climate forecasts to predict weather patterns in the coming days and weeks.
Farmers can use their smartphones to remotely monitor their equipment, crops, and livestock, as well as obtain stats on their livestock feeding and produce. They can even use this technology to run statistical predictions for their crops and livestock.
AndÂ dronesÂ have become an invaluable tool for farmers to survey their lands and generate crop data.
All of these techniques help make up precision farming or precision agriculture, the process of using satellite imagery and other technology (such as sensors) to observe and record data with the goal of improving production output while minimizing cost and preserving resources.
The rise of blockchain technology is making its way to the IoT, and could be important in the farming sector due to its ability to provide companies with important data on crops. Farmers can use sensors to gather data about crops, which is written onto blockchain, and includes identifying factors as well as salt and sugar content and pH levels.
Given all of the potential benefits of these IoT applications in agriculture, it’s understandable that farmers are increasingly turning to agricultural drones and satellites for the future of farming.