Agtech, Farmtech, Foodtech, Livestock tech - the market for agriculture and data science over the last decade
It’s always interesting to take a look at how trends and predictions about new technologies and their ramifications for different sectors pan out. And that’s no different when it come to data science and clean technology. A graph that often comes up when discussing how new technologies develop is the “Gartner cycle of hype”. This is the idea that all new ideas, concepts and technologies invariably go through several stages in their development - they all start with excitement as the promise of new technology opens up possibilities that seem limitless, followed by a crash course in reality when what’s actually possible collides with dreams, and finally a steady look at immediate solutions that can build towards the dream. The last stage is when startups gain traction or are acquired and larger companies start building teams to work with the new technology. So, how has agriculture and data science - or AgTech worked out? It’s definitely been an interesting ride since the concept