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Cutting Edge Agriculture: How Artificial Intelligence, Satellites and Big Data are Transforming Farmers’ Access to Finance
There are many reasons for the $450 billion global agricultural finance gap. But much of the challenge stems from lenders' inability to monitor farmers' output, estimate their income and assess their risk of default, says Ruchit G Garg of Harvesting Inc. He explores how artificial intelligence and satellites are addressing that data imbalance, helping lenders reach many of the world’s 500 million smallholder farmers for the first time.
- Categories
- Agriculture, Technology, Telecommunications
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Viewpoint: AI and Automation Advances Upend Old Models of Economic Development
Whether one should be optimistic or not about these emergent trends, one thing is clear; there is no getting off the train of technological progress anytime soon. Regardless of which side of the debate one is on, within current debates over AI and automation two injustices are repeatedly committed by both parties.
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Will AI be a bane or boon for global development?
From tracking cattle to bespoke weather forecasts, AI technology is helping smallholders across Asia and Africa. But it is by no means clear yet whether it will be a game changer in eliminating global poverty.
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- Technology
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India’s agritech startups are employing data mining and AI to improve crop yield, make farming profitable
Agritech startups seem to be having their moment in the sun. There are many startups like SatSure that are disrupting the Indian agricultural economy in unexpected ways. Intello Labs, for example, uses image-recognition software to monitor crops and predict the health of farm yields.
- Categories
- Agriculture, Technology
- Region
- South Asia
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Accenture, Grameen Foundation collaborate to leverage AI, AR to help low-income women
New applications leverage the power of artificial intelligence and augmented reality to improve financial capacity and decision-making for and by the poor.
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- Technology
- Region
- South Asia
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Report: Blockchain, AI to shape fintech’s future
The report highlights emerging products and services, technology-enabled sub-segments, new business models, and innovations that are set to disrupt the industry.
- Categories
- Finance, Technology
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India’s first AI research institute opened in Mumbai
Based in Mumbai, the Wadhwani Institute for Artificial Intelligence (Wadhwani AI) is partnering with the government of Maharashtra for its mission to create AI solutions for social impact. The Maharashtra government will help the institute identify problems, and test and scale the solutions.
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- Technology
- Region
- South Asia
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The promise and pitfalls of artificial intelligence for global development
The teaser for a breakfast conversation that Microsoft is hosting on the promise and pitfalls of artificial intelligence captures the challenges and the opportunity well: “AI offers profound potential benefits and the opportunity to help tackle some of the world’s most pressing issues including accelerating economic growth, tackling the urgent issues of environmental sustainability, and transforming healthcare,” it reads. “But the accelerating pace of technology-driven change is also creating disruption and anxiety. It risks contributing to a sense of a fractured world, between a small group of people who benefit and a broader group of people who fear that they are being left behind. We need to come together to chart a path forward that ensures AI contributes to building a positive shared future for every community.”
- Categories
- Technology