McKinsey published an interesting article yesterday on improving returns in digital-farming. For the purposes of the Article, digital-farming was defined as "as any platform or application that processes input data to provide growers or crop advisers with agronomic decision-making support". It appears from their studies, that the success factors involved are not too dissimilar from those required in other verticals.
The stand-out factors include:
McKinsey also identified the following other factors to maximise returns:
The article also notes that McKinsey found that no single monetisation approach correlated with high returns and it is of the opinion that companies should pursue multiple paths in parallel.
Link to relevant article: https://www.mckinsey.com/industries/agriculture/our-insights/creating-value-in-digital-farming-solutions
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