THE INTEGRATION OF THE LATEST TECHNOLOGICAL ADVANCEMENTS IN AGRICULTURE. WHAT ARE THEIR EXACT APPLICATIONS AND HOW DO THEY WORK?

Alexandru Tabusca () and Stefan Baicoianu ()
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Alexandru Tabusca: Romanian-American University, Romania
Authors registered in the RePEc Author Service: Alexandru TĂBUȘCĂ

Journal of Information Systems & Operations Management, 2024, vol. 18, issue 1, 276-286

Abstract: Agriculture is not only about planting crops and raising animals, it is way more than that. Agriculture is a business which supports human life, provides raw materials and builds strong economies, playing an extremely important role in our livelihoods, even if we may not always notice that. Experts from this sector, however, say that the new global situation asks for a so called “revolution†in agriculture. Only in the last two decades, climate changes have been responsible for a productivity decrease of 21% in this business. Moreover, taking into consideration the pandemic and the political situation from the recent years, which led to a raise of the production costs, farmers and entrepreneurs are more and more worried about the way they are going to make their businesses profitable. We should also mention that the worldwide food need is going to be 50% higher in 2050 than in the present. Fortunately, technological advancements come as a solution to these problems. Not only do they have an impact on the production costs, but they also help in reducing pollution around the world. A 2022 Deloitte study in collaboration with the Environmental Defense Fund revealed that the use of technology in agriculture can decrease with 9.8 gigatons the production of carbon dioxide-equivalent emissions (CO2e) between 2020 and 2050, as well as save up to 100 billion US dollars in costs to farmers by 2030. The agricultural technology, also known as “AgriTech†, promises a more efficient use of equipment and an increase in crop yields, all of these while following a sustainable production plan, generally referred to as “precision agriculture†.

Date: 2024
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