ગુરુવાર, 24 ઑગસ્ટ, 2017

Karnataka ties up with Microsoft to develop India’s first Farm Price Forecasting Model



First-of-its-kind initiative in the country will take into consideration factors beyond the conventional supply-demand equation.

If all goes according to plan, software giant Microsoft will come to the aid of farmers in Karnataka who constantly struggle with an unpredictable market.

The Agriculture Department has signed a Memorandum of Understanding with Microsoft India to develop an unique ‘farm price forecasting model’ using the latest IT tools in a bid to help farmers, administrators and other stakeholders understand the market behaviour in advance.

The proposed initiative is said to be the first-of-its-kind in the country, as it is a ‘multi-variate’ one that takes into consideration various factors beyond the conventional supply-demand equation. It will examine a slew of related factors, including weather, rainfall and external factors, that impact market behaviour.



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