V.DIG.0016 - From IoT exploration to strategic impact online summary
This project was undertaken to assess the value of on farm Internet of Things (IoT) solutions to producers (and across the supply chain) and inform strategic planning for future investment.
| Project start date: | 28 July 2020 |
| Project end date: | 23 November 2021 |
| Publication date: | 29 April 2024 |
| Project status: | Completed |
| Livestock species: | Grain-fed Cattle, Grass-fed Cattle, Sheep, Goat, Lamb |
| Relevant regions: | National |
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Summary
MLA have made significant investments in on-farm Internet of Things (IoT) solutions in recent years with the commission of demonstration sites and technology trials and development. Looking further out, IoT and AgTech are seeing increasing levels of interest with numerous technology companies from within and outside of ag throwing their hat in the ring to participate in this exciting space. As younger generations learn of new developments and opportunities around how the use of data rich decisions has driven large increases in productivity and profitability in other industries, it is now that IoT devices are seeing increased interest from producers. This project seeks to understand the value propositions of IoT on farm and scope the role MLA can play in supporting technology development and adoption of IoT on farm.
Objectives
This project seeks to understand the value propositions of IoT on farm and scope the role MLA can play in supporting technology development and adoption of IoT on farm.
Key findings
Results found that there are limited available quantified value propositions for on farm IoT at current. This is due to the immense diversity across the industry along with socio-economic factors that limit quantification for a far. This project has identified at a high level that there is considerable value to be found through the adoption of IoT such as drones and that third party contractor type models can serve to fill skills gaps and capex barriers to adoption.
Benefits to industry
This project supports a strategic review of on farm IoT as well as the development and scoping of a strategic plan for on farm IoT. Innovations in the on farm IoT space has the ability to catalyse progress and value across other program areas such as sustainability as well as drive value realisation up the supply chain including processing and consumer experience.
MLA action
Given the impact of data and decisions made on farm to the rest of the supply chain, it is essential that MLA undertake several strategic initiatives to better understand how they can support the development of IoT devices and support the adoption of IoT across the broad range of red meat enterprises in Australia.
Future research
There are several recommended areas for further research. It is recommended that MLA undertake further work to quantify the economic impact of IoT devices for complex use cases under high rigour project conditions within commercial operations. It is also recommended that a diverse and extensive number of commercial case studies by undertaken to facilitate peer to peer learning in order to overcome and address socio-economic factors.
More information
| Project manager: | Darryl Heidke |
| Contact email: | reports@mla.com.au |
| Primary researcher: | Greenleaf Enterprises Pty Limited |
