DECEMBER - 20208GOVERNMENT CIO OUTLOOKhe future of all business sectors is being driven by the same simple framework: growth in population, resource constraint, and the utilization of technology. For AgTech, this is no different.The finance industry is undergoing an overhaul, developing greater ways to pay for things, creating tools for more and more people to spend money quicker, easier, and with better-resulting information than before. The music industry has replaced the tangible with the digital, allowing for greater delivery of a product, bringing more people into the marketplace. Travel, sport, and entertainment have shifted their booking of services almost entirely online. Beauty sales channels include, or are now driven by, video and social media. All industries are seeing easier, different distribution and wider reach. For agriculture, this is no different.Food and agriculture, in general, is increasingly being seen in the same light as other natural resources such as oil and minerals. This is primarily being led by the dietary requirements of the 7bn people on the planet now, and the 9bn people on the planet in the coming years. However, these requirements are not evenly applied.The growth in population is viewed differently across various geographies. Nutritional needs vary, too. For example, rising protein requirements and better distribution of product means that food production/consumption patterns are changing in a lumpy way, in much the same way as technology and information distribution changed the future of work over the past ten years.Here are three channels of opportunity in the future of AgTech:Food ProductivityAt a base level, creating more efficient and sustainable production lines of food is integral. At the design level, we have seen growing utilization of GM products for productivity and Three Avenues of Flux in the Future of AgTechAlan CostelloAlan Costello, Venture Investment Leader, NDRCByTIN MYOPINION
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