Data Marketplace for sharing and monetising data

Agrimetrics, a UK Agri-Tech Centre with commercial and public funding, has launched the agri-food sector’s first Data Marketplace, which promises to reward data-owners, whilst accelerating innovation.

Big data problem

According to Agrimetrics, agriculture has a big data problem. The sector needs to improve productivity and sustainability. Data-driven technologies promise solutions to these challenges; unfortunately, many of these promises have been hollow, says Agrimetrics.

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We've launched the agri-food sector's first Data Marketplace. @JungleTeuch explains the new product features which have led to this release https://t.co/hhHCyvqOAc #agrifood #agriculture #datamarketplace #agritech pic.twitter.com/BB967d558L

— Agrimetrics (@Agrimetrics) February 5, 2020

“The problem is two-pronged,” says Dr David Flanders, Agrimetrics CEO. “Agri-businesses are – often justifiably – reluctant to share their data. Meanwhile, organisations lack the information they need to build new solutions. This has prevented meaningful innovation. Data-driven Manufacturers have, for example, increased production by 50% and cut waste by 20%.”

Share and monetise data

In response, Agrimetrics claims it is overhauling the way agricultural data is shared and accessed. The Agri-Food Data Marketplace is to enable data-owners safely to share and monetise their data, whilst making it easier for data-consumers to find the information they need.

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The Data Marketplace pre-links data from multiple suppliers to provide a single, analysis-ready dataset to consumers. – Photo: Agrimetrics

Microsoft as strategic partner

Agrimetrics says it has close links with AHDB, DEFRA and the NFU, and boasts Microsoft as a strategic partner. Airbus has made satellite-derived field attributes available through The Data Marketplace; these attributes can be used to calculate irrigation requirements and develop methods for countering lodging.

Airbus are joined by The Centre for Ecology and Hydrology (CEH), Soil Grids, The Met Office, Natural England, The Environment Agency and others.

BASF water stewardship tool

Agrimetrics also states that BASF has used the data to develop a water stewardship tool that gives field-specific guidance on when to spray. “wHen2gO simplifies a complex regulatory area and is an example of how data-driven tools can improve sustainability and farm profitability.”

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Barfoots, the UK food and farming company, is mentioned as another user, having created a predictive harvest model to streamline their international supply chains.

Ability to easily exchange data

“Robotics, artificial intelligence, carbon farming, predictive models, farm-to-fork traceability and natural capital accounting are often-highlighted when discussing the future of agriculture,” concludes Dr Matthew Smith, Agrimetrics Chief Product Officer. “However, they fundamentally depend on the ability to easily exchange data. This requires new linked-data supply-chains that seamlessly connect data-producers and data-consumers throughout the food and farming system. The Agri-food Data Marketplace is the closest yet to making this a reality.”