The Karnataka Government has announced signing of a MoU with Microsoft Corporation India Private Limited with an intention to empower small holder farmers with technology-oriented solutions that will help them increase income. The solutions would use “ground-breaking”, cloud based technologies, machine learning and advanced analytics.
The Memorandum of Understanding will experiment with Karnataka Agricultural Price Commission and 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.
The MoU is also aimed at using digital tools that have the potential to deliver cutting edge innovations and artificial intelligence to help farmers get higher crop yields in the state.