Nuffoods Spectrum India

IBM to bank for agri solutions

27 September 2018 | News | By NFS Correspondent

ibm

ibm

Global tech major IBM is looking to partner with government bodies and financial institutions in the country to deepen reach of its artificial intelligence (AI) platform for the farm sector.

 

The US-based company launched ‘Watson decision platform for agriculture’ globally recently, eyeing the $2.4-trillion agriculture market. The newly launched platform uses data from multiple sources, including satellites and also The Weather Company, which is part of the IBM group.

 

It can give farmers real time advisories based on various data inputs and analysis, help banks and insurance companies assess the exact risk to build financial products and also help other stakeholders including commodity traders.

 

The newly launched platform can help predict yields, fight pests, determine soil moisture and monitor crop health, among other aspects.

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