Artificial intelligence (AI) could play an important role in the Indian agri-sector’s growth, catalyzing shift towards data-driven farming, according to a Nasscom-Ernst & Young report titled ‘Leveraging AI to maximize India’s agriculture output.’
Despite being an agrarian economy, several challenges, including data consolidation, lack of awareness on agri-inputs, access to quality seeds, lack of adequate irrigation infrastructure, and scarcity of capital, hold back the Indian farming sector from performing to its potential, the report added.
“However, with increased government support, growing agritech providers, burgeoning startup ecosystem, and rising AI adoption among the rural farming population, a strong transformation impetus is underway,” Nasscom said in a statement.
As per the findings, revenue growth and innovation are priority areas for AI in agriculture enterprises. Apart from this, corporate firms are looking at a dedicated AI strategy as a key imperative to scale AI initiatives enterprise-wide post COVID-19.