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Artificial Intelligence in Agribusiness is Growing in Emerging Markets

Business models utilizing artificial intelligence can help meet rising global demand for food and support a more inclusive and sustainable food system by: (1) enhancing the resilience of farming methods; (2) reducing the cost of quality inputs and...

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Bibliographic Details
Main Authors: Cook, Peter, O'Neill, Felicity
Language:English
Published: International Finance Corporation, Washington, DC 2020
Subjects:
EMERGING MARKET ECONOMIES
ARTIFICIAL INTELLIGENCE
AGRIBUSINESS
MARKET ACCESS
GLOBAL VALUE CHAIN
FOOD DEMAND
FOOD SYSTEM
AGRICULTURAL TECHNOLOGY
DIRECT FOREIGN INVESTMENT
Online Access:http://documents.worldbank.org/curated/en/198451596436781534/Artificial-Intelligence-in-Agribusiness-is-Growing-in-Emerging-Markets
http://hdl.handle.net/10986/34304
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Summary:Business models utilizing artificial intelligence can help meet rising global demand for food and support a more inclusive and sustainable food system by: (1) enhancing the resilience of farming methods; (2) reducing the cost of quality inputs and services to underserved farmers; and (3) improving market access to facilitate smallholder farmer integration into regional and global supply chains. Although nascent in emerging economies, applications for artificial intelligence in agribusiness will proliferate as farmers’ access to the Internet and adoption of smart devices increases across low-income countries.

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