Colony Capital Inc (CLNY) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Leveraging Data to Better Serve Farmers
Tuesday Feb 16th, 2021
News Reporter It’s time for your Farm of the Future Report. I’m Tim Hammerich.
As everyone in our society is becoming more conscious of data being collected about them, we’ve started asking more questions about how this data is being used. Same thing goes for the farm. In the case of the popular data collection platform Climate FieldView, many ask how their parent company, Bayer, is using this data.
Singh… “Bayer s extensive reach with the partners and customers is helping us with the go-to market approach, and also this ability to combine the physical and the digital world.”
The Algebra of Farming
News Reporter It’s time for your Farm of the Future Report. I’m Tim Hammerich.
Digital agriculture is often referred to as the fourth agricultural revolution. If there’s one company that’s been leading the charge on that, it’s The Climate Corp. The company’s Chief Product Officer, Ranjeeta Singh, says she sees a farm as a set of complex variables.
Singh… “If you look at farming, I look at it as a branch of a matrix algebra. Again, I hope you understand what I m coming from because a farmer must constantly juggle a set of variables like weather, soil, nutrients, etc. If he does the algebra really well, then he will optimize his yield and maximize his profit. Right. So the job of digital farming is twofold. One is to measure the variables that are going into the matrix algebra as accurately as possible as is cost effective. And the other is to relieve the farmer of the burden of processing the matrix as much as he s comfortable se