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Industry 4.0, IoT and Future Prospects in Agriculture: Opportunities and Challenges


Res. Assist. Dr. İnanç KABASAKAL
Ege University

Industry 4.0 is a popular term, regarded as a disruptive transformation in manufacturing. Recent developments in digital technologies involving Internet of Things (IoT), smart sensors, artificial intelligence, augmented/virtual reality provide new opportunities in various applications as well.

Within the context of agricultural production, digital technologies might provide a basis to collect and analyze remote data and enable new business models. In this exploratory study, digitalization in agricultural production will be explored and discussed to provide foresight on upcoming business models.

Initially, a literature review will be presented to remark the recent developments in agricultural production enabled by digital technologies. Subsequently, the opportunities and challenges in digitalization in agricultural production will be addressed referring to the literature review. Finally, new business models for agricultural production will be discussed relating to within the IoT and Industry 4.0 context.

Keywords: Industry 4.0, Internet of Things, Agriculture
JEL Codes: M10, M11, Q16

First InTraders International Conference on International Trade Abstract Book/ editörler Kürşat Çapraz Irina Raluca Badea

Publishing House : Yayınevi Hiperlink Eğitim İletişim Yayıncılık San. Paz. ve Tic. Ltd. Şti.

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