Application of science and new technologies is currently lacking within this space. Many companies and start-ups are looking to fill this information gap. If Big Data has made serious advancements in fields like information technology, healthcare, education, and even sports, there is an obvious need for it in the agricultural industry too.
In agriculture, big data is a combination of technology and analytics that can collect and compile novel data and process it in a more useful and timely way to assist decision making. Big data and analytics help to improve and transform a multitude of industries in the modern world. The most essential thing such technologies do is to provide detailed and real-time insights into operational and financial activities. Farmers are using data to calculate fertilizer demands, harvest yields, costs savings and even to identify optimization strategies for future crops.
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