The agriculture industry is on the cusp of a major transformation driven by emerging digital technologies like cloud computing. With the world's population estimated to reach 9.7 billion by 2050, meeting global food demand will require a 70% increase in overall food production.
This presents a huge challenge for the agriculture sector which is already strained by climate change, environmental degradation, and resource scarcity.
In such a complex and uncertain environment, cloud computing offers immense potential to help agricultural businesses boost productivity, efficiency, sustainability as well as profitability.
Cloud computing refers to the delivery of computing services like storage, servers, software, analytics and more over the internet. Instead of investing in expensive on-premise IT infrastructure, businesses can leverage the cloud to access these services on-demand and pay only for what they use.
The global cloud computing market is projected to grow to $947 billion by 2026, indicating the rapid mainstream adoption of cloud services across industries. For the agriculture sector, the cloud unlocks game-changing capabilities that were previously inaccessible for smallholder farmers and agribusinesses.
Some key applications of cloud computing in agriculture include real-time data collection and analysis, improved collaboration across the value chain, reduced infrastructure costs, and on-demand access to farm management platforms.
Cloud-based technologies are empowering farmers with data-driven insights to optimize crop yields, track inventory, plan finances, and make informed decisions.
For agribusinesses spanning input suppliers, food processors, and retailers, the cloud enhances supply chain transparency, facilitates smarter procurement strategies and enables the deployment of blockchain solutions.
In this blog, we will explore how cloud computing is revolutionizing agriculture in 2024 and beyond.
Let's examine the major impacts of the cloud on agribusinesses and some leading examples of cloud platforms transforming different aspects of the industry globally.