The agricultural sector, just like any other sector, needs to make sense of data to have a valuable understanding of the agricultural field and market. The decisions should not be based on gut instinct or a hit-and-trial method, but it should be the outcome of analytics. Earlier farmers faced many challenges in efficiently managing operations due to limited data-driven information. They often struggle to make decisions related to crop selection, market trends, and proper resource management which leads to increased risks and improper farm management.
Moreover, having a lack of visibility into the agricultural supply chain makes it difficult for farmers to respond to market changes promptly. To address these challenges, the sector requires a solution that can help derive the best practices in farming and support real-time decision-making processes.
The solutions lie in integrating Business Intelligence technology. BI solutions enable farmers to analyze mountains of data generated from different sources and streamline their farm operations.
Let’s have a look at how Business Intelligence influences and boosts the decision-making process in agriculture-
Crop Yield Optimization
Application of BI by analyzing weather data better can recommend specific crops that are better suited for prevailing conditions, leading to a higher level of profitability. Additionally, the application of drone services is not hidden. Drones are being used in agricultural farms not only for surveillance but for other farming practices including livestock management, and crop damage, and can keep a constant check on farms and save labor costs. Application of business intelligence solutions analyzes real-time data from sensors and drones and can provide actionable insights. This allows farmers to better plan their crop schedules and their cultivation practices.
Better Visibility into the Supply Chain
BI applications can help in optimizing the entire supply chain process. Analyzing the data related to transportation routes and market demands offers a deep insight that helps agribusiness to make proactive and strategic decisions to minimize the related costs by improving overall logistics efficiency. Business intelligence tools and their essentials such as dashboards can give a detailed and visual breakdown of various decision-worthy metrics such as analyzing cost at each stage of the supply chain and delivery time by tracking the performance of suppliers. Overall, BI solutions hold enough power to reinvent the agricultural supply chain by offering actionable insights.
Better Resource Optimization and Management
Integration of Business Intelligence facilitates the use of precision agricultural practices that can enhance resource management practices. BI tools can analyze data on resource usage such as labor, machinery, and materials usage to identify shortcomings and offer an opportunity to consider areas of improvement. For instance, machinery usage data can help in identifying equipment that is underutilized and requires maintenance to reduce its downtime. Another instance can include water management, by analyzing data from soil moisture sensors and irrigation systems to help farmers optimize their water usage to ensure crops receive the right amount of water at the right time.
Facilitates Market Insights
How easy would it be for farmers to make decisions if they had access to data related to consumer preferences and competitor’s strategies? Isn’t it? Let’s check some of the instances, first and foremost would be analyzing market and historical data to discover which crops to yield based on demand, pricing, and market profitability. Another would be analyzing market demand based on consumer preferences, and their buying patterns to help farmers plan their production and marketing strategies accordingly.
Final Words
The application of Business Intelligence is transforming the way farmers manage their operations, enabling them to adopt precision agricultural practices. This, in turn, leads to increased productivity, profitability, and sustainability in agriculture. All this is possible by better analyzing large volumes of data.
We at Canopus InfoSystems understand the need to integrate BI Solutions for transforming agricultural practices and make decisions based on data but not randomly. Rely on our team’s wealth of experience to get the perfect solution for your agriculture farm whether it be taking decisions related to crop selection, planting times, or pest control.
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