Failover

Risk Management

Agriculture Industry

Precision forecasting is the backbone of another agricultural AI tool: risk management.

Risk management offerings and algorithms are used to determine economic trends, commodity prices, supply chain management, if a farmer should use government insurance and minimum yield requirements

Benefits for the company

Growing a sustainable crop in mass quantities requires a farmer to take enormous financial risks that rely on razor-sharp agricultural yield estimates to fulfill supply chain orders but farmers are taking advantage of forecasting and predictive analytics to reduce the risk of crop failures.

Feasability

Medium

Type of expertise/ AI domain

Forecasting and Predictive Analytics

Internal data required

Plant population,, Plant strain, irrigation, soil preparation, pest control

External data possible

Climate and Weather data

Enter your contact information to continue reading