Latin American startups are leveraging artificial intelligence (AI) to revolutionize agriculture, promising a transformation in farming practices and risk management.
Traive, founded by Aline Oliveira Pezente and Fabricio, analyzes massive agriculture-related data with AI, providing lenders insights into capital risks and facilitating easier access to credit for farmers, leading to significant financial operations.
The use of AI extends to various farming aspects, from self-driving tractors to drones tracking crop health. TerraFirma, led by Alejandro Mieses, employs AI models using satellite images to forecast environmental risks, highlighting AI’s potential to reshape farming practices.
AI’s potential in agriculture is immense but requires extensive data and resource investment. The panelists at Web Summit emphasized the need for robust data collection and processing, acknowledging challenges like data quality and resource-intensive infrastructure.
Startups like Agrosmart, led by Mariana Vasconcelos, focus on AI applications for climate risk management and sustainable farming practices. AI-driven solutions enable farmers to produce more sustainably, aligning with global goals of food production amidst environmental challenges.
Conclusion:
As the world faces population growth and environmental challenges, AI emerges as a crucial tool for sustainable agriculture. Latin American startups’ innovative AI applications showcase the potential for technology to revolutionize farming, mitigate risks, and promote environmental sustainability in agriculture.
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