WEF to focus on innovative technology to assist small and marginal farmers

WEF to focus on innovative technology to assist small and marginal farmers

• The World Economic Forum (WEF), in collaboration with the government’s research institute NITI Aayog, is focusing on how to better employ emerging technologies like artificial intelligence (AI), the Internet of Things (IoT), blockchain, and drones to aid farmers, especially small and marginal farmers.
• In India, a plethora of high-potential innovations have arisen to solve these issues, with some proving proof of concept. India is well positioned to scale up these technologies. India’s rapidly evolving agricultural technology landscape reflects innovators, investors, and adopters who can develop, test, and adopt solutions at scale, with 560 million internet users (50 percent in rural areas), high smart phone penetration, and an AI market valued at $6.4 billion (16 percent of the global AI market).

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Published date : 11 May 2022 06:03PM