Through the B2B and B2C models, companies can sell as a product or offer services to farmers in order to apply digital technology such as automation, enhancing data analytics, and forecasting in agricultural practices to address low income and productivity level for farmers.
This IOA will help increase income for farmers, help increase productivity in the agricultural sector for the government with direct implications on economic contributions from the sector, and help reduce the use of natural resources and negative impact on the environment. Investors can invest money in companies or start-ups that will develop the smart farming system and then sell products or offer services to farmers. Examples of companies active in this space are:
Gao Rai is a start-up company, started in 2019 and launched an application that connects drone pilots and farmers to help farmers increase efficiency and reduce costs. In 2020, Gao Rai has new Social Marketing strategy and aims to become a one stop service, crop and drone managements, for smart farmers (1).
Smart Farm DIY offers smart farming solutions to indoor and outdoor greenhouses that use sensors and equipments connected to the internet of things (IOT) system to automatically track data and operate the farms. Smart Farm DIY has operated by Smart AI Solution Co., Ltd. since 2017 (2).
Improve agricultural productivity and farmer incomes, while also benefitting the environment from more resource efficient and sustainable agriculture.