The Government of Karnataka has announced signed an Memorandum of Understanding (MoU) with Microsoft Corporation India Private Limited. The collaboration intends to empower smallholder farmers with technology-oriented solutions that will help them increase income using ground-breaking, cloud-based technologies, machine learning and advanced analytics.
The MoU will experiment with the Karnataka Agricultural Price Commission (KAPC), Department of Agriculture to help improve price forecasting practices to benefit farmers.
Microsoft with guidance from KAPC is attempting to develop a multi-variant agricultural commodity price forecasting model considering the following datasets – historical sowing area, production, yield, weather datasets and other related datasets as relevant. For this season, Tur crop has been identified for this prediction model.
Anil Bhansali, Corporate Vice President, Cloud & Enterprise, Microsoft India (R&D) Pvt. Ltd., said, “This MoU will help enable the use of intelligent technologies to deliver solutions in the agriculture sector. Artificial Intelligence in agriculture can play a major role in the digital transformation of India.”
Built on the Microsoft Cortana Intelligence Suite including Machine Learning and Power BI or Business Intelligence, these technology solutions aim at promoting digital farming practices in the state.
Dr. T.N. Prakash Kammardi, Chairman, Karnataka Agricultural Price Commission, Government of Karnataka, said, “We are certain that digital agriculture supported by advanced technology platforms will truly benefit farmers. We believe that Microsoft’s technology will support these innovative experiments which will help us transform the lives of the farmers in our state. ‘’