SINGAPORE – World’s leading agri-business company, Olam International has partnered Google-funded firm Canvass Analytics to utilize artificial intelligence for sustainable food and agricultural production.
According to the company, the strategy seeks to find innovative and new ways of meeting the world’s rapidly growing demand for food, feed, fibre and fuel.
Olam will utilize its strength in agribusiness, with a foothold in more than 66 countries and 22,000 customers.
“Artificial Intelligence is a powerful tool to help re-imagine global agriculture.
The insights offered by data and analytics provide opportunities to transform the way we operate and to find new ways to address challenges across the agricultural value chains.
By integrating emerging technologies into our business we are driving greater efficiencies, enhancing the sustainability of our supply chains and offering more value to our customers,” said KC Suresh, Managing Director & CEO, Grains at Olam International.
Canvass Analytics on the other hand will provide an automated AI-powered analytics platform that helps customers improve quality, lower production costs and reduce their energy consumption.
Humera Malik, CEO of Canvass Analytics said: “We are excited to be working with one of the world’s leaders in food and agriculture to help them transform the way food is sourced, produced and supplied.
The potential for Artificial Intelligence in the food and agricultural sector goes beyond operational improvements and the world’s population can benefit from better food quality, improved nutrition and sustainable agriculture that protects the environment.”
Olam launched a digital tool, AtSource, a data platform that enable manufacturers to trace the journey of their agricultural raw materials and food ingredients from farm to table.
AtSource presents data through a digital dashboard which tracks the social and environmental footprint of a product.