We are going to need the IoT (Internet of Things) to help solve the problems that are facing agriculture and the future of food. There is not a person on the planet that doesn't understand the importance of food, ag, and farming. Couple these facts with people living longer than ever, and we just keep having babies and you have a pot ready to boil over. All of these factors combined will lead to a more crowded planet than we've ever experienced before. With more mouths to feed, we as a global society will need to figure out how to produce more food.
A decade ago, the names Alexa and Cortana were just names. These days, however, they're synonymous with intelligent or virtual assistants, which – along with the likes of Samsung Bixby, Siri, IBM Watson and Google Assistant – have redefined how we interact with our devices and software. These "virtual butlers" can carry out a range of tasks, from making lists and scheduling appointments to ordering taxis, opening software and activating smart devices – all controlled by simple voice commands. Originally aimed at the consumer market, advances in artificial intelligence (AI) means that they're becoming increasingly useful in the world of business. "We've barely scratched the surface of what virtual assistants can do," says Henrik Nordmark, head of data science at data and marketing services firm, Profusion.
According to the report, global AI in agriculture market was valued at around USD 545 million in 2017 and is expected to reach approximately USD 2,075 million by 2024, at a CAGR of slightly above 21% between 2018 and 2024. New York, NY, July 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "AI in Agriculture Market by Technology (Machine Learning and Computer Vision), by Component (Hardware, Software, and Services), and by Application(Agriculture Robots, Agricultural Drones, Driverless Tractors, Facial Recognition, Crop Health Monitoring, and Automated Irrigation Systems): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2024''. According to the report, global AI in agriculture market was valued at around USD 545 million in 2017 and is expected to reach approximately USD 2,075 million by 2024, at a CAGR of slightly above 21% between 2018 and 2024. Availability of numerous equipment and modern day technologies such as intelligent monitoring system, drones, and robots has made agriculture industry a cusp of technological revolution. Browse through 84 Tables & 28 Figures spread over 144 Pages and in-depth TOC on "Global AI in Agriculture Market 2017: By Technology, Size, Share, Trends, Applications, Analysis and Forecast to 2024".
The future where people can delegate mundane tasks to a machine is not far from happening. From starting the laundry down to cooking dinner after a long day is about to be over. Artificial Intelligence has really helped shape our internet today. After all, we can already communicate with virtual assistants like Apple's Siri and Amazon's Alexa for small things around the house, like calling Uber or ordering a pizza. Things that we only see on sci-fi movies may be closer than you think.
The world as we know it will change profoundly over the next ten years. With a projected global population of over 8.4 billion by 2028, businesses across all industries are investing billions of dollars in technology and innovation in order to be successful in a future where everyone is connected and information is instant. By 2025, it is estimated that nearly 8 billion people will be "hyper-connected" (instant access to information) through telecommunication and the internet, a huge increase over the current 3 billion.Shutterstock With countries imposing bans on fossil fuels, the continued looming threat of cyber-attacks, and many professions being forever reshaped due to improvements in technology; change is inevitable. Our society is advancing faster than ever before, and businesses across the globe are implementing strategies today to fulfill the needs of the future.