Page 27 - Banking Finance May 2023
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ARTICLE


          and start-ups". In fact, the overall allocation for the sector  industry. Robotic systems can be used to perform various
          saw an increase of 4.7 per cent - from Rs 11,02,54.53 crore  tasks, such as planting, harvesting, weeding, and crop
          in the Revised Estimates (RE) of financial year (FY) 2022-23  monitoring. Some of the way's robots are being used in
          to Rs 11,55,31.79 crore in 2023-24.                 farming are:
                                                              1. Planting  and Harvesting: Robots can  be used for
          Advances  in computer  vision, mechatronics,  artificial  precision planting and harvesting, which allows farmers
          intelligence,  and  machine learning are  enabling the  to optimize their crop yields and reduce labour costs.
          development  and  deployment  of  remote  sensing      For example, robots can be programmed to plant seeds
          technologies to identify and manage plants, weeds, pests  at a specific depth and spacing, which can help ensure
          and diseases. This also provides a unique opportunity to  optimal growth and reduce waste.
          develop intelligent seeding methods for precise fertilization.
                                                              2. Automatic  Weeding:  Robots  can  be  used  for
          Artificial intelligence solutions can enable farmers not only
                                                                 automated weeding, which can help reduce the use of
          to reduce wastage, but also improve quality and ensure  herbicides and improve crop yields. Automated weeding
          faster market access for the produce.                  robots can use computer vision and machine learning
                                                                 algorithms to identify and target weeds, while avoiding
          Cognitive computing has become the most disruptive     crops.
          technology  in  agricultural  services  as  it  can  learn,
                                                              3. Crop and Soil Monitoring: Robots can be used for crop
          understand, and interact with different environments to
                                                                 monitoring, which can help farmers identify potential
          maximize productivity. Microsoft is currently working with
                                                                 problems early and take corrective action. For example,
          175 farmers in Andhra Pradesh to provide agricultural, land
                                                                 robots can be equipped with sensors to monitor soil
          and fertilizer advisory services. This initiative has already
                                                                 moisture levels, temperature, and nutrient levels.
          resulted in 30% higher average yield per hectare last year.
                                                              4. Dairy Farming: Robots can also be used in dairy farming
                                                                 to automate tasks such as milking cows and feeding
          AI in agriculture involves the use of machine learning,
                                                                 them. Automated milking robots can use sensors to
          computer vision, and robotics to optimize various aspects
                                                                 detect when a cow needs to be milked, and then
          of farming. The technology helps farmers to analyse data,
                                                                 automatically attach and detach milking machines.
          make informed decisions, and automate tasks that would
          be time-consuming and expensive when done manually.  5. Insect and Plant disease monitoring:  Using image
                                                                 recognition technology based on deep learning, we can
          Here we will be discussing some of the use cases of AI,  now automate detection of plant diseases and pests.
          Robotics and other technologies in Agriculture and allied  This works using image classification, detection, and
          activities.                                            image segmentation methods to build models that can
                                                                 "keep an eye" on plant health.
          Robots in farming have been gaining traction in recent years,
                                                              6. Ariel survey and imaging: AI can analyse imagery from
          as they offer the potential to revolutionize the agricultural  drones and satellites to help farmers monitor crops and
                                                                 herds. That way they can be notified immediately if
                                                                 something looks amiss without having to constantly
                                                                 observe the fields themselves. Aerial imaging is also
                                                                 useful for boosting the precision and efficiency of
                                                                 pesticide spraying. As mentioned previously, ensuring
                                                                 that pesticides only go where they're intended saves
                                                                 money as well as the surrounding environment.
                                                              7. Management of livestock: Farmers can use sensors to
                                                                 track the health and behaviour of their animals, and
                                                                 machine learning algorithms can analyse the data to
                                                                 detect patterns and identify potential health problems.
                                                                 This helps farmers to prevent the spread of disease,
                                                                 reduce the use of antibiotics, and improve the overall
                                                                 health of their animals.

            BANKING FINANCE |                                                                  MAY | 2023 | 25
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