Pioneering Applications of Advanced Computer Vision, Blockchain, and Generative AI Enable New Opportunities
With the global population expected to reach 9 billion by 2050, the farming industry is under pressure to boost productivity. Digital solutions, encompassing autonomous farming equipment, real-time monitoring, and artificial intelligence (AI), are revolutionizing operations by diminishing manual labor reliance and improving efficiency. Farmers acknowledge the necessity to shift from traditional intensive methods to more sustainable approaches. This research explores how digital industries will shape the future of Farming 4.0, analyzing the growth potential of technologies like computer vision, generative AI, predictive analytics, digital twins, and blockchain.
The study delves into current and future trends, spotlighting innovative farming practices and how these will ultimately drive industry convergence. It identifies opportunities for technology suppliers in various industries to integrate horizontally into the farming market and ensure pioneering technology applications. The base year is 2023, and the forecast spans from 2024 to 2030.
