Data Sharing Platforms: How Value Is Created from Data Produced by Smart Agriculture

Platforms, Data Use, and the Creation of Value

Smart Agriculture ushers in massive amounts of data into the agricultural sector. This data goes beyond offering insight into existing production processes. Data from Smart Agriculture offers the potential for radical improvements in both operating efficiencies and efficacies across the sector. Central to this change is the empirically driven process of creating value from agricultural data. However, while the traditional agricultural processes are well understood, this new process for creating value from data remains only superficially understood by farm managers, industry managers, and academics. The purpose of this chapter is to explain the ingredients for this process and describe how agricultural data may be managed to maximize the value created.