6. The Dawn of the AgTech Era

From Farm to Fork Strategy

Agriculture is entering the AgTech era, leveraging advanced technologies like Artificial Intelligence (AI), Internet of Things (IoT), Big Data, and Machine Learning.

While agriculture, as a sector, is essential in producing food, it has traditionally been confined to the label of a "primary industry." However, due to factors such as explosive population growth, climate change, and decreasing crop yields, a global food crisis has become increasingly evident. To address these challenges, agriculture has merged with technology to give rise to a new sector, AgTech.

By 2050, the global population is projected to surpass 10 billion, requiring a production increase of over 50% compared to today's levels. However, achieving sustainable food supply using traditional methods has become virtually impossible.

In light of the background presented earlier, which includes food crises, food security concerns, and population growth, humanity is focusing on core technologies for the future growth of agriculture in the era of the Fourth Industrial Revolution. Particularly, Intelligent Information Technology, which combines Information and Communication Technologies (ICT) like IoT, cloud computing, big data, and mobile technology with artificial intelligence, is driving innovative advancements in various industries such as sports, construction, healthcare, and agriculture.

Precision Agriculture, pursued through various sensors on agricultural machinery and IoT technology, aims to enable remote monitoring and collect data related to climate, soil, and crop growth on a regional and national basis. This collected and analyzed big data forms the basis for providing advanced agricultural consulting services, yielding additional benefits beyond the primary goal of remote status monitoring.