IoT (Internet of Things) – The new normal in agribusiness
In this series, we examine the key trends facing businesses in the agriculture supply chain in 2019. Is your business ready? Data is already creating a gigantic shift in how agribusiness is conducted, and this trend will continue in 2019.
Farmers will use their data to apply the right products, at the right rates, and at the right time; distributors will use data to strategically buy inputs and to position them properly; manufacturers will use data to improve the way they manufacture and recommend the use of their products.
The Internet of Things (IoT) has seen greater acceleration of adoption in recent years, with smart devices increasingly able to interoperate and share with one another. The rate of IoT adoption means, according to research agency Gartner, a projected 20.5 billion connected devices will be in use by 2020.
What could this mean for your agribusiness?
“The first step for a business in the supply chain is to investigate their own operations and determine areas of possible improvement”, says Jeff Bradshaw, CTO at Proagrica. “At every stage, business leaders should ask themselves whether they are getting ahead of the wave of technological innovation or simply treading water”.
For the supply chain, this could mean the end of entering the same data multiple times into different systems. It could change how stock ordering and inventory management is done – a significant leap akin to the use of new technologies like barcode scanning.
Businesses that utilise connectivity between their operational processes and devices are well placed to provide a productive and profitable offering in the supply chain.
Proagrica’s global network is focussed solely on agriculture and now spans every sector of the market place as more and more businesses in the supply chain are taking advantage of our innovative solutions and extensive network in the agriculture industry. We connect your business with your partners in agriculture, connecting once for a seamless electronic link to customers and supply chain partners.
Contact us today to find how your business can benefit
Read more in the latest series examining the key trends facing businesses in the agriculture supply chain in 2019: