Big Data Analytics for Agriculture

Size: px

Start display at page:

Download "Big Data Analytics for Agriculture"

Samantha Price
5 years ago
Views:

1 Big Data Analytics for Agriculture

2 Introduction Company Vision SatSure is a large area analytics company creating data-driven solutions for decision intelligence Making the world an alternate data-driven place 2

Introduction Company Genesis Indian Origin 20% farmers using crop insurance 55% of India s population into agriculture 18% farmers having bank accounts 150 million + rural farmers do not have bank

3 Introduction Company Genesis Indian Origin 20% farmers using crop insurance 55% of India s population into agriculture 18% farmers having bank accounts 150 million + rural farmers do not have bank accounts & while only 20% farmers are covered by crop insurance, creating an annual financing gap of $750 billion in India alone!! SatSure was founded in 2016 to help financial institutions and states bridge this gap in developing countries, by creating alternate data-based solutions to do better risk management 3

4 Introduction Company Genesis Global Context Reduction in cost of operations for businesses to increase their profitability Risk Management Transparency Efficiency USD 100 billion annually in climate risk financials alone (OECD) USD 1 trillion lost annually due to corruption (OECD) 4

5 Introduction About Us Sensors Big Data Artificial Intelligence Analytics Insights 5

Introduction About Us Data Products Crop Yield Crop Acreage Crop Health Rooftop Solar

Platform-as-a-Service Insights-as-a-Service Edge Analytics APIs Web-Dashboard Tree

Change Detection Company Overview SatSure is a product focused company, with a

Score Crop Risk Score Irrigation Manager Predictive Remote-site Maintenance Fire

6 Introduction About Us Data Products Crop Yield Crop Acreage Crop Health Rooftop Solar Potential Forest Biomass Predictive Commodity Pricing Platform Services Platform-as-a-Service Insights-as-a-Service Edge Analytics APIs Web-Dashboard Tree Count Parking-lot Car Count Oil Storage Estimates Pipeline Monitoring Infrastructure Change Detection Company Overview SatSure is a product focused company, with a layered solution offerings in multiple industry verticals Analytics Farmer Credit Score Crop Risk Score Irrigation Manager Predictive Remote-site Maintenance Fire Break Management Value Capture Financing Resettlement Planning Illegal Forest Logging Port Management Fleet Management 6

Introduction The Team 01 02 03 04 05 Amardeep Sibia CEO Prateep Basu

Consulting industries EU & Asia Ex-Petrofac Risk Manager 11 years of

Multinational Companies acrosssectors Our ambition is to be the

7 Introduction The Team Amardeep Sibia CEO Prateep Basu COO & FOUNDER Abhishek Raju Director, Partnerships & FOUNDER Samuel John CBO M. Gopinath CFO Ex-VP, Goldman Sachs 17 years of financial industry experience UK, India & U.S. Scientist, ISRO Consultant at NSR 7 years of space industry experience India, U.S. & EU Serial Entrepreneur 12 years of experience in Insurance & Consulting industries EU & Asia Ex-Petrofac Risk Manager 11 years of Oil & Gas industry experience GCC MBA, CMA 20 years experience Multinational Companies acrosssectors Our ambition is to be the world leader in large area analytics with a specific focus on agriculture. We are building a technology company that is centered around people, ethics and merit, to achieve a target revenue of $200 million+ in 5 years Amardeep Sibia, CEO 7

Introduction The Team 06 07 08 09 10 Vivek Gautam Head, Remote Sensing & FOUNDER Naga

PRODUCT MANAGEMENT Kanika Anand AVP, Sales & Operations Scientist, ISRO 7 years of

Political Consulting UN Youth Ambassador India Scientist, ISRO 7 years of being an

India & Canada Lieutenant, Royal Dutch AirForce Consultant, PwC 6 years of industry

to creating data analytics solutions for climate resiliency, and show the world that

8 Introduction The Team Vivek Gautam Head, Remote Sensing & FOUNDER Naga Sravan AVP, Policy & Government Relations Ishan Tomar CTO & FOUNDER Rashmit Singh AVP, PRODUCT MANAGEMENT Kanika Anand AVP, Sales & Operations Scientist, ISRO 7 years of satellite remote sensing experience India Analyst, Political Quotient 3 years of Political Consulting UN Youth Ambassador India Scientist, ISRO 7 years of being an astrophysics data scientist India Scientist, ISRO 5 years of GIS industry experience India & Canada Lieutenant, Royal Dutch AirForce Consultant, PwC 6 years of industry experience EU & India We should always strive to be ahead of the curve when it comes to creating data analytics solutions for climate resiliency, and show the world that one can do social good and also create wealth for investors at the same time Prateep Basu, COO & Founder 8

9 Introduction Business Ecosystem Go-to-Market Partners Data Partners AgTech Partners Drone & IoT Partners Academic Research Partners Strategic Partners 9

10 Product Architecture Insights-as-a-Service SatSure s generates various data products by combining multi-sensor datasets on its proprietary platform, delivered over a SaaS dashboard which is powered by the cloud. SATELLITE DATA ECONOMIC DATA IoT DATA 3 rd PARTY DATA 10

11 Product Architecture SatSure s Geospatial Big Data Platform 11

Service Overview Core Competency Crop Management Estimating Crop

monitoring Enterprise Data Services Agri and related Financial Data

and agri-banking, based on advanced analysis of Satellite Earth

Management Change in Forest coverage Irrigation Management

change of usage Crop yield assessment, Crop health monitoring,

12 Service Overview Core Competency Crop Management Estimating Crop Yield Monitoring Crop Health Water Resource Management Drought monitoring Enterprise Data Services Agri and related Financial Data Analytics Develop farm level crop risk indices for crop-insurance and agri-banking, based on advanced analysis of Satellite Earth observation, weather and IoT sensor data Key Offerings Forest Management Change in Forest coverage Irrigation Management Irrigation scheduling Land-use & Urban Planning Area estimation and change of usage Crop yield assessment, Crop health monitoring, Water-use efficiency in fields, Soil characterization, all weather variables impacting harvest 12

Product Applications Crop Analytics - Crop Yield - Crop

Score - Irrigation Management - Soil Nitrogen Estimates

Crop Harvest Readiness - Smart Sampling for CCEs - Crop

13 Product Applications Crop Analytics - Crop Yield - Crop Health - Crop Acreage - Farmer Credit Score - Crop Risk Score - Irrigation Management - Soil Nitrogen Estimates - Farm Boundary Detection - Crop Predictive Pricing - Crop Harvest Readiness - Smart Sampling for CCEs - Crop Loss Assessment - Fake Seed Detection - Pasture Monitoring 13

14 Product Applications 14

Product Applications - Field Irrigation Scheduling

2016 Derive intelligence about surface water availability

evapotranspiration intelligence using index such as CWSI

15 Product Applications - Field Irrigation Scheduling Intelligence Methodology Marathawada Surface Water Trends Derive intelligence about surface water availability and trends over time using NDWI Derive large area evapotranspiration intelligence using index such as CWSI Deduce actual water requirement and spatial availability for irrigation requirements 15

16 Product Applications - Crop Cutting Experiments (CCE) Sampling 4 million CCEs required/year, as per PMFBY Each CCE costs an average of INR 1000 Random Sampling based observations Smart Sampling based observations Annual cost towards insurance administration INR 4 billion 16

Product Applications - Large Area Crop Acreage Estimates Client : WorldCover (NY based Micro Insurance) North-Western Ghana 30,000 Paddy Farmers Piloting Satellite based

17 Product Applications - Large Area Crop Acreage Estimates Client : WorldCover (NY based Micro Insurance) North-Western Ghana 30,000 Paddy Farmers Piloting Satellite based index insurance Heavy Cloud Cover, hence used radar satellite data Sentinel-1 SAR (Radar) Satellite Radarsat-2 as contingency Rice Acreage - October 2016 to January

Product Applications - Farm Level Crop Yield Assessment Up to 1 acre size farm monitoring every 5-days Taluka Crop Type Crop Stress Predicted Yield (in bushels/ha) Actual Yield (in bushels/ha) %

7 Palakonda Paddy Underwatered 160 171 93.5 Paddy Ambient 166 180 92.

18 Product Applications - Farm Level Crop Yield Assessment Up to 1 acre size farm monitoring every 5-days Taluka Crop Type Crop Stress Predicted Yield (in bushels/ha) Actual Yield (in bushels/ha) % Error Pathapatnam Maize Over-fertilized Maize Under-fertilized Sugarcane Underwatered Sugarcane Overwatered Sugarcane Ambient Palakonda Paddy Underwatered Paddy Ambient Farm risk management from pre-harvest to post harvest Intelligence for insurance and re-insurance companies Satellite based Vegetation indices 15-years of historic data on weather, crop yield and soil Crop water stress maps Optimize sampling of crop cutting experiments plot Lower bias in statistically estimated survey based crop yield 18

parameters Correlate crop health or yield with precipitation, soil characteristics, commodity

19 Product Applications - Farm Boundary Detection; Crop Health, Yield and Acreage Estimation Farm Level Crop Analytics using Satellite, IoT & weather data 36 agriculture, weather, and financial parameters Correlate crop health or yield with precipitation, soil characteristics, commodity prices, etc. Real-time and historical Data Visualization of land-use, crop type & analytics overlaid on maps 19

20 Product Applications - Crop Price Determination SatSure calculated Minimum Support Price (MSP) for 6 different crops is found to be ~ 12% higher than government set MSP in the state of Andhra Pradesh. This was due to survey based yield being under-reported for future claims. 20

Knowing what crop has been grown, and how much area of it had been sown historically, combined with

21 Product Applications - Crop Price Determination SatSure is currently scoring risk by spatial boundaries, by doing data analysis of crop parameters, weather, soil, and prices. Knowing what crop has been grown, and how much area of it had been sown historically, combined with the prices at which it could have been sold at the nearest market-place provides the income-growth profile of the farmer. 21

22 Product Applications - Rural Household Financial Inclusion Decision intelligence framework used by SatSure for connecting to Bank s Core Banking applications Crop Acreage Crop Yield Crop Price Farm Value 22

23 Product Applications - Commodity Trading and Crop Insurance Claims Settlement Predictive Crop Yield + Weather + Crop Price Indices Algorithmic Trading Lower Crop Price Volatility in Financial Markets Better Risk Management Spatial Yield Models for Yield Risk Estimation & CCEs 23

24 Benefits to Policy Makers & Governments 24

25 Benefits to Decision Makers 25

26 Thank you! Abhishek Raju Director & Co-Founder SatSure abhisheksatsure.in Switzerland UK UAE India

UrtheCast s Vision for the Democratization of Earth Observation

UrtheCast s Vision for the Democratization of Earth Observation Fabrizio Pirondini, CEO Deimos Imaging & GM Earth Observation UrtheCast Geospatial World Forum 2016, Rotterdam, The Netherlands, 23 May 2016