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Business Development in India

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Added on  2020-10-23

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TASK - CREATE YOUR HYPOTHETICAL BUSINESS Digital Agriculture refers to usage of new and advanced technologies which is efficient enough to help farmers with increasing the quality of value chain to for making food production better. TASK - CREATE YOUR HYPOTHETICAL BUSINESS Digital Agriculture refers to usage of new and advanced technologies which is efficient enough to help farmers with increasing the quality of value chain to for making food production better. It will have an online portal which will assist the customers looking for appropriate

Business Development in India

   Added on 2020-10-23

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INTRODUCTIONBusiness refers to enterprising entity engaged in commercial, industrial or professionalactivities. The motive can be profit or non profit with some objectives to achieve. The ultimategoal is to carry activities with efforts of individuals to sell goods or services (Babcock, 2015). Itneeds ideas to run business along with resources which will help in smooth functioning ofentities. Furthermore, it can be operated at domestic level or international level depending upondemands and requirements of products or services. The report has been drawn upon ahypothetical company AgroTech engaged in digital agriculture and located in Queensland.Furthermore, it covers setting up a business, number of technological trends that may help inbusiness. Along with this, importance of cyber security and a analysis of datasets. TASK - CREATE YOUR HYPOTHETICAL BUSINESSDigital Agriculture refers to usage of new and advanced technologies which is efficientenough to help farmers with increasing the quality of value chain to for making food productionbetter. In this system, information and data with enhanced accuracy are extracted andsynchronised with external sources to get accurate and reliable results. These outcomes are thenused in for interpretations in making informed and appropriate decisions. The name of businesswill be “AgroTech” which will have its headquarter at Queensland, Australia (Bronson andKnezevic, 2016). What types of problem will your business solve?It can resolve the following problems which are as follows:1.Examination of level of moisture present in the soil to grow particular crops. 2.Forecasting of weather so that loss of crop can be avoided. 3.Re-using of water for good growth of crops. Will your sell a product or provide a service?The service industry is growing rapidly which offers good scope for establishing digitalagriculture business to have growth and earn profit. Furthermore, investment is this as comparedto that in product. Also, crop gets changed according to season but service will be same. Thus,risk is low. How will your product/service solve the problem?
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AgroTech will be buying number of technologies according to various demands of farmersregarding machineries. It will have an online portal which will assist the customers looking forappropriate service for the betterment of food production. The online portal will comprise ofdifferent tabs including sections like company's overview, services it provides, technologiesavailable along with package prices, query and complaints section and customer care. Requestwill be received online which AgroTech will examine and contact the customer for furtherassistance and finalised a deal (Chabbi, A., and et. al., 2017). What kind of information systems does your business have and what are theiremerging capabilities?AgroTech has introduced number of information systems which are GPS, Robotics, Irrigationand sensors. All these are becoming more advanced to provide more accuracy. For example,GPS is becoming cost effective, Robotics have reduced or eliminated occurrence of errors, inirrigation water will be re-used so that water related problems can be minimised etc. TASK - WHAT ROLE WILL THESE EMERGING TRENDS PLAY INYOUR BUSINESS?The emerging trends that have been chosen to carry business in AgroTech are as follows:Apps: It is the abbreviated form of the word “application” which a software programdeveloped to perform direct functions by the users (Schuster, 2017). AgroTech will behaving an app which can be downloaded in mobiles. All the new offers and schemes willbe notified to users downloaded the app. Furthermore, the decision to design an app is toenable users to have a close contact and variety of information in a handy way. Also, 5Gnetwork are being built by scientists and engineers for providing speed in internet. It willgive a chance to provide prompt services. This will increase profit and efficiency(Deichmann, Goyal and Mishra, 2016). Robotics: Artificial intelligence is a new thing which is gaining pace with changes takingplace in the world. This requires huge investment but worth making all since the resultsare very accurate. The main reason behind choosing robotics is to provide efficientservices which will consume less time and provide desired outcomes. Furthermore, it hasreplaced man power as the information stored in these help in operating it which speed upthe whole process of agriculture. There is an expanded demand of using artificial
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