Unlocking value through frameworks and use cases FIGURE 1 Rapid soil analysis and eSHC Pest prediction and control Controls on application of inputs Smart micro irrigation Smart CCE, yield predictionDrone-based application of fertilizers and pesticides Smart insuranceSmart FaaS Fintech Uberization eNWRDigital extension Pre-season forecast of demand, supply and pricesMacro crop-planning models Smart crop-health management Precision agricultureSmart markets Market connect Smart FaaS Agri-data marketplace FAIR (for interoperability) EFR Macro crop planning at national and state levels Dynamic sowing windows for major crops Plans for priority crops (offering import-substitution options, high value and high nutrition ) Pre-season guidance to input suppliers, credit and Insurance AI, IoT -driven smart market Market intelligence Hyperlocal connect (farmer to consumer) Farmer to online retail network Smart logistics (domestic and export markets) Agri-data marketplace Pilot on agri master data Pilot on agri registries Pilot on agri directories B2B platformAggregation Quality assessmentTraceability Intelligent crop planningSmart farmingFarmgate- to-forkData governance Frameworks Use cases/pilots Notes: FaaS = farming as a service; FAIR = Fast Agriculture Interoperability Resources; EFR = electronic farm record; eSHC = Electronic Soil Health Card; CCE = crop-cutting experiments; eNWR = Electronic Negotiable Warehouse Receipts. Source: World Economic Forum This insight report follows on from the earlier community paper and uses the same four- category framework, but it offers a broader global and agriculture-industry analysis compared with the farm-focused view of the community paper. To avoid repetition, the technologies that were included in detail in the 2021 paper have been excluded from this report. The objective here is to provide an overview (and not an exhaustive list) of promising technology in the agriculture ecosystem, the best ways forward and a call to action to ensure that technology transformation is inclusive. Agritech innovations are highlighted on the basis of the impact they could have on managing risks from factors including climate change, soil degradation, post-harvest losses and demand-price volatility. The report also aims to encourage policy-makers, multilateral organizations, civil society and the private sector – including start-ups and investors – by providing an overview of the role of agritech currently and where it might go in the coming years. It is expected that such information will help them strategize better and contribute to facilitating the ways in which agritech services can revolutionize the agriculture sector. A team from the Centre for the Fourth Industrial Revolution India, the World Economic Forum and PwC India carried out consultations with 11 organizations and a desk review to map the game-changing technologies and services that are emerging and that could have long-term impacts on the agriculture sector and its ecosystem. The consultations provided insights on different agritech The objective here is to provide an overview of promising technology in the agriculture ecosystem, the best ways forward and a call to action. Agritech: Shaping Agriculture in Emerging Economies, Today and Tomorrow 6

Agritech 2024