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Agriculture 5.0 represents the entire ecosystem aimed at integrating new technologies into the agro-industrial complex to increase productivity, ensure sustainability, and support decision-making processes.
Improving traditional agricultural methods through automation and the implementation of scalable technological solutions helps reduce risks, increase resilience, and ensure predictable decision-making processes for farmers.
Data-driven agriculture and advanced farm management systems are becoming increasingly important in today's agricultural sector.
Smart agriculture relies on objective information obtained through sensors to make optimal decisions and maximize productivity, while ensuring efficient resource use and ecological sustainability.
By incorporating robotic solutions and artificial intelligence methods, data-driven agriculture lays the foundation for a sustainable future in the agricultural sector. Within the Industry 5.0 concept, which emphasizes interaction between humans and intelligent machines with a focus on a sustainable approach, Agriculture 5.0 aims to balance the need to ensure sufficient and affordable food production with ecosystem preservation.
Unlike the Industry 4.0 and Agriculture 4.0 concepts, which primarily focused on implementing technologies such as the Internet of Things (IoT) and Big Data, Industry 5.0 and Agriculture 5.0 concepts include human, ecological, and social aspects.
The transition from the digital revolution in agriculture to Agriculture 5.0 is critical for ensuring well-being in the future and a gradual shift towards efficient, intelligent, and autonomous farms considering energy consumption. The implementation of new technologies and alternative energy sources in Agriculture 5.0 can provide economically efficient access to financing, weather updates, remote monitoring, and future smart farm energy solutions.
A news release from Bayer CropScience China reports that significant investments are being made in AI-based solutions in plant protection. COSMOS, an intelligent agricultural project developed within Bayer, provides innovative and automated solutions for managing modern agricultural systems. COSMOS has successfully spun off from Bayer Crop Science and received multimillion-dollar funding from both Bayer itself and external investment institutions.
The COSMOS project was launched in 2020 and is being developed by the Bayer Digital Farming team in the Asia-Pacific region. The team has already introduced a range of products serving key clients in this region. The products include a workforce management system based on smart wearable devices, autonomous mobile robots and yield forecasting algorithms, a complete traceability system from harvest to sale, and a system that helps fruit and vegetable producers optimize decisions in pest control, crop nutrition, irrigation, and other crop management aspects.
Bayer continues to explore various collaboration and investment models, including new approaches to revenue generation. Particularly, the spinoff of COSMOS represents the first example of venture capital investing in a business that has separated from a major international corporation in the field of agricultural technology. Bayer will continue to assess its product portfolio and focus on agricultural technology innovations to create similar opportunities and deliver greater value to customers, shareholders, and new investors.
Jeremy Williams, Head of Bayer Climate LLC and Digital Agriculture, stated: "The spinoff of COSMOS allows the project to accelerate service delivery to a larger number of farmers and confirms our openness to innovative collaboration and deep commitment to digital agriculture innovations. The fact that the company we have built from scratch has received millions of dollars in external funding in the early stages is undoubtedly a plus! We are proud of COSMOS's achievements and look forward to continuing to support its development as a strategic investor and business partner."
COSMOS leverages its expertise in artificial intelligence, automation, and visualization to provide farmers with efficient and targeted solutions to tackle key challenges in agriculture and operational activities, such as enhancing productivity, scalability, and sustainability.
He Xiaogan, CEO of COSMOS, said: "Today marks a new era for COSMOS as an independent company. We are grateful to our investors, especially Bayer, for their support. COSMOS aims to continue our mission at full throttle: to contribute to the sustainable development of agriculture through technological innovations."
