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How Big Tech, Big Agri are combining to create new oligopolies
Big multinational agribusinesses such as Bayer, John Deere, BASF and Syngenta, which are dominant in seeds, inputs, agrochemicals and farm equipment, are collaborating with tech giants like Google, Amazon and Microsoft to set up digital platforms in the agriculture space
Digital platforms are already the dominant model in the digital economy, and by using big data, analytics and AI, are already redrawing contours of markets and innovation
Highlights
- The battle for economic supremacy in the world is not going to be fought on the shop floors of USA or China. It is going to be a battle for technological hegemony
- A field where dominance is going to be crucial for the exercise of power in the future is food
- Multinational agribusinesses are collaborating with tech giants to set up digital platforms in the agriculture space, thus extending their dominance into digital agriculture
- India needs to ensure that it
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