Working with data is a pretty good thing, and that is because it facilitates correlation with on-ground reality. It becomes easier to provide more accurate projections and even make more informed decisions.
The intervention of the titans
Experts say it helps a great deal knowing the particular areas that need policy intervention. India happens to be the second-most populous country globally, and it seems it has much to gain with its cooperation with companies such as Amazon.com, Inc (NASDAQ: AMZN), Cisco Systems Inc (NASDAQ: CSCO), and Microsoft Corporation (NASDAQ: MSFT). The above technology companies seek to cooperate with the government to drive productivity in the farms a notch higher. The outmoded agricultural industry is a great opportunity, and the companies will start by harnessing data from India’s farmers, and analysts have termed the government’s move a rather ambitious one.
Prime Minister Narendra Modi has always been a visionary leader. That can be seen from his efforts to push his administration to ensure increased food security. It is also notable that he has signed preliminary agreements with major US companies and many local businesses. The deal in question will have the local companies share farm statistics. Modi believes there is quite a lot that the private sector could do to empower farmers in boosting their farm yields. He speaks out on the essence of apps and tools designed from crucial information such as land holdings, soil quality, and crop output. The government has named some of the local powerhouses that have already signed up for the new program. They are the tobacco giant ITC Ltd and io Platforms Ltd.
A partner at consultancy EY India called Ankur Pahwa opines, “This is a high impact industry and private players are sensing the opportunity and want to be a large part of it. India has a very high amount of food wastage because of lack of technology and infrastructure. So there’s a huge upside to the program.”
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