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In
2015, the industry’s investment in technology reached to $4.6 billion. However, since the population is
continuing to grow it is expected to affect the resource availability going forward.
Sensors placed strategically around fields along with image recognition technologies are allowing
farmers to view their crops from anywhere in the world. These sensors send farmers up to date
information in real-time, so changes can be made accordingly to their crops.
Machine learning
algorithms can also be
used within the
manufacturing aspect of agriculture, where consumers purchase their products. These algorithms can
show which products are being purchased the most and which products are falling under in the market.
Thus, creating proficient and effective forecasts for future farming.