Igor Bevzuk spoke about the agricultural insurance digitalization in India, a project that is currently being implemented by Ctrl2GO. The agricultural insurance market is highly developed in the republic since 60% of the population is connected with agriculture. At that, due to the country's climate conditions, there is always a great risk of losing crops because of drought, floods or pests. The Ctrl2GO solution uses meteorological data, space and hyperspectral imaging from drones, data from the agrochemical analysis of the soil, information about field rotation and cultivation technologies, and vegetative models of crops. The unified system is capable of collecting and analyzing data for insurance companies: determining whether the land was cultivated, forecasting the yield and calculating the risks of its loss, assessing the damage resulting from adverse climatic conditions.
"Insurance companies have become the market for our agricultural solutions in India. To insure the risks of farmers, one needs reliable up-to-date information, which should be analyzed in one and a half to two hours. Previously, this process with a visit of the inspector could take up to four weeks," said Igor Bevzuk. "Last May, during the tests in India, our technology demonstrated a 90% yield prediction accuracy. At the same time, according to global criteria, 80% is already considered a high bar. As a result, we have won the contest of India's Ministry of Agriculture. In February 2020, we will certify the technology."
Igor Bevzuk added that the demand for such systems in Russia may come from the banking sector working with agricultural producers.
The discussion was also attended by Mikhail Kharchenko, Director, Technology Transfer Center, the Higher School of Economics; Elena Baturova, Director, Financial Technology Development Center, Rosselkhozbank; Sergey Potapov, adviser to the Chairman of Supervisory Board, National Investment Company; Vladislav Belyaev, Information Technology Director, Cherkizovo Group; Artyom Semenikhin, head of Scientific and Industrial Research Department, IBM, and other experts. The discussion participants spoke about the introduction of high-tech solutions in agricultural holdings and on farms, end-to-end digital production from field work to management, drivers for transition to digital economy, as well as the roles of agricultural producers, banks, technology and IT companies in the transformation processes.