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<p>The agricultural industry has traditionally been manually intense and reactive. Recent technological advances, such as IoT, have empowered farmers to change their farming methods. With IoT, farmers can add intelligence to analog and mechanical devices, streamline processes, gain efficiency, and build more substantial businesses overall.</p><p>Smart farming with technology enhancement is the new approach in agriculture, and there are many such examples in the Agri-industry.</p><p>&nbsp;</p><h2><span style="font-size: 14pt;">Benefits of Smart Farming</span></h2><ul><li>Data collected, such as environmental conditions, helps improve the quality and quantity of the crops while minimizing the risk and wastage</li><li>Technology can be adapted to various machinery and systems, e.g., tractors and sprinkler systems, and the data collected provides a complete real-time view of operations</li><li>Smart sensors, that collect environmental and machine metrics enables the farmers to make informed decisions and improve just about every aspect of their daily workflow</li></ul><p>&nbsp;</p><h2><span style="font-size: 14pt;">Impact of Smart Farming</span></h2><p>Smart farming impacts various aspects of the agriculture process. Consequently, smart farming solutions have attracted growing interest, and purchases are on the rise. The tools track inventory as it makes its way to the farmer, soil conditions as they prepare for planting, crop growth, weather conditions, harvesting, and distribution.</p><p>The global smart agriculture market reached $15.3 billion in 2022 and is expected to increase to $26.05 billion in early 2027, exhibiting a CAGR of 10 percent.&nbsp;</p><p>Emerging IoT technology is changing farming in mainly five areas:</p><ul><li>Soil Management</li><li>Crop Monitoring</li><li>Predictive Maintenance</li><li>Livestock Management</li><li>Process Automation</li></ul><p>&nbsp;</p><p>&nbsp;</p><p><span style="font-size: 10pt;"><em>This article was contributed by our expert Deepak Kumar Rout</em></span></p><p>&nbsp;</p><p>&nbsp;</p>