Smart Agriculture Software Solutions

Smart Agriculture Software Solutions

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Smart Agriculture Software Solutions
Smart Agriculture Software Solutions
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Develop or invest in software solutions including Artificial Intelligence (AI), Internet of Things (IoT), and machine learning technologies to digitalize farms and greenhouses including fruit and vegetable producers covering mostly tomatoes and cucumbers for monitoring crops, and watering times and ventilations in order to optimize crop yields, reduce production costs and support farmers’ decision making.

Expected Impact

Increase agricultural productivity through digital transformation in the agriculture industry, while enhancing natural resource management, improving decision-making, and reducing production costs.

How is this information gathered?
Updated: 13 Nov, 2023
Azerbaijan
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
4.78 million hectares of land equipped for agricultural production (32).
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Life on Land (SDG 15) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Reduced Inequalities (SDG 10)

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Sector Sources
  • 1) State Statistical Committee. 2021. Agriculture Forestry and Fishing, Distribution of employed population on types of economic activities. https://stat.gov.az/source/agriculture/?lang=en. 2) State Statistical Committee. 2021. Agriculture Forestry and Fishing, Gross Domestic Product by sectors of economy. https://stat.gov.az/source/agriculture/?lang=en. 3) Republic of Azerbaijan. 2021. National Pathways to Sustainable Food Systems 2030. https://www.unfoodsystemshub.org/docs/unfoodsystemslibraries/national-pathways/azerbaijan/2021-09-23-en-eng-_-fs_-pathway-23.09.2021.docx?sfvrsn=3eedeee8_1. 4) Republic of Azerbaijan. 2022. Socio-Economic Development Strategy for 2022-2026 of the Republic of Azerbaijan. Available upon request. 5) President of Republic of Azerbaijan Ilham Aliyev, 2021. Order of the President of the Republic of Azerbaijan on approval of Azerbaijan 2030: National Priorities for Socio-Economic Development. https://president.az/en/articles/view/50474. 6) FAO. 2022. National Gender Profile of Agriculture and Rural Livelihoods. https://www.fao.org/3/cc2041en/cc2041en.pdf. 7) State Statistics Committee. 2015. Employees working in agricultural works on private owners and family-peasant farms and households by sex (based on 2015 Agriculture Census). https://www.stat.gov.az/source/gender/?lang=en. 8) ADB. 2020. Azerbaijan Country Gender Assessment. https://www.adb.org/sites/default/files/institutional-document/546166/azerbaijan-country-gender-assessment-2019.pdf. 9) World Bank. 2020. Agricultural land (% of land area) – Azerbaijan. https://data.worldbank.org/indicator/AG.LND.AGRI.ZS?locations=AZ. 10) European Commission. 2021. Joint Staff Working Document Recovery, resilience and reform: post 2020 Eastern Partnership priorities. https://www.eeas.europa.eu/sites/default/files/swd_2021_186_f1_joint_staff_working_paper_en_v2_p1_1356457_0.pdf. 11) European Commission. 2021. Eastern Partnership: a renewed agenda for recovery, resilience and reform underpinned by an Economic and Investment plan. https://ec.europa.eu/commission/presscorner/detail/en/IP_21_3367. 12) Trend New Agency. 2020. Azerbaijan expanding use of modern irrigation systems. https://en.trend.az/business/3300926.html. 13) UNCCD. National Drought Plan in Azerbaijan. https://www.unccd.int/sites/default/files/country_profile_documents/1%20FINAL_NDP_Azerbaijan.pdf "14) FAO. 2017. Organic Agriculture in Azerbaijan, Current Status and Potentials for Future Development. https://www.fao.org/3/i8318e/i8318e.pdf. " 15) Economist Impact. 2022. Azerbaijan. https://impact.economist.com/sustainability/project/food-security-index/explore-countries/azerbaijan. 16) Trend News Agency. 2022. ADB reveals forecasts for inflation in Azerbaijan. https://en.trend.az/azerbaijan/business/3647040.html. 17) State Statistical Committee. 2021. Consumption expenditures and its structure by living place in 2021. https://stat.gov.az/source/budget_households/?lang=en 18) FAO. 2022. National Gender Profile of Agriculture and Rural Livelihoods. https://www.fao.org/3/cc2041en/cc2041en.pdf. 19) State Export Support of Ministry of Economic Development and Trade of Ukraine. Investing in the Agriculture Sector of Azerbaijan. http://ukrexport.gov.ua/i/imgsupload/file/AZ_Agri.pdf. 20) International Trade Administration. 2022. Agricuture. https://www.trade.gov/country-commercial-guides/azerbaijan-agriculture.
IOA Sources
  • 21) FarmConnect Korea. FARMCONNECT AI analysis system based on big data. http://en.farmconnect.co.kr/. 22) ET News. July 2021. Farm Connect enters Azerbaijan with smart farm AI analysis system. https://english.etnews.com/20210723200003. 23) Agrovir. Smart Farming. https://www.agrovir.com/EN/about-us.html. 24) SkyLife Industry. SkyBee. https://skylifeindustry.com/portfolio/skybee/. 25) Republic of Azerbaijan. 2016. Strategic Vision and Roadmap for Azerbaijan Agriculture. https://monitoring.az/assets/upload/files/8047fecde10eaf0fd8cb45de716d8267.pdf. 26) Trend News Agency. 2022. Azerbaijan creating agricultural products database. https://en.trend.az/azerbaijan/business/3592013.html. 27) FAOLEX Database. Law No. 759-IG “On foodstuffs”.- Repealed. https://www.fao.org/faolex/results/details/en/c/LEX-FAOC132626/. 28) FAOLEX Database. Land Code of the Azerbaijan Republic, 1991.- Repealed. https://www.fao.org/faolex/results/details/en/c/LEX-FAOC002770/. 29) ILO. Law on Information, Informatization and Protection of Information. https://www.ilo.org/dyn/natlex/docs/ELECTRONIC/83695/92605/F680744168/AZE83695.pdf. 30) ILO. About entrepreneurial activity. https://www.ilo.org/dyn/natlex/docs/ELECTRONIC/105447/143914/F336012732/AZE-105447.pdf. "31) UNEC, SABAH. 2018. The Ministry of Education of Azerbaijan Republic The Effects of agricultural incentives on the agricultural small and medium sized enterprises by using evidence Azerbaijan agricultural market. https://unec.edu.az/application/uploads/2018/12/R-himov-K-r-m.pdf. " "32) United Nations Climate Change. 2021. Fourth National Communication to The United Nations Framework Convention on Climate Change Republic of Azerbaijan. https://unfccc.int/documents/299472. " 33) President of the Republic of Azerbaijan. 2019. “Elektron kənd təsərrüfatı” informasiya sistemi haqqında Əsasnamə”nin təsdiq edilməsi barədə Azərbaycan Respublikası Prezidentinin Fərmanı. https://president.az/az/articles/view/35330. 34) UNDP Stakeholder Consultation with a Concessional Fund Under the Ministry of Economy of Azerbaijan, March 2023. 35) FAO. 2018. Organic Agriculture in Azerbaijan. https://azerbaijan.un.org/sites/default/files/2020-06/Book_organic_EN_press.compressed.pdf. 36) Jiva. 2023. Artificial Intelligence in Agriculture: Overview, Applications, Challenges & More. https://www.jiva.ag/blog/artificial-intelligence-in-agriculture-overview-applications-challenges-more#:~:text=One%20of%20the%20main%20challenges,who%20often%20have%20limited%20resources.. 37) Ramina Mustafayeva, et al. 2022. Development of Digital Agriculture in Azerbaijan. https://www.researchgate.net/publication/361820044_Development_of_Digital_Agriculture_in_Azerbaijan_International_Journal_of_Veterinary_Science_and_Agriculture_Research 38) Akif Valiyev, et al, 2022. The Digitalzation effectiveness as an Innovative factor Developement of the Agriculture in Azerbaiajn. https://ieeca.org/journal/index.php/JEECAR/article/view/902/380. 39) OECD. 2019. Promoting Enterprise Digitalisation in Azerbaijan. https://search.oecd.org/eurasia/competitiveness-programme/PromotingEnterpriseDigitalisationinAzerbaijan.pdf. 40) ADB. 2022. ADB predicts growth in agricultural production in Azerbaijan. https://en.trend.az/business/3578754.html. 41) Siemen van Berkum, (Wageningen Economic Research, 2017. Market and competitiveness analysis of the Azerbaijan agricultural sector: An overview. https://edepot.wur.nl/450210. 42) ISO. How smart farming is changing the future of food. https://www.iso.org/news/ref2799.html. 43) UNFCC. Azerbaijan. 0 https://unfccc.int/sites/default/files/resource/Azerbaijan.PDF 44) IFC. 2014. IFC, Azerbaijan to Help Increase Agribusiness Productivity and Competitiveness. https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=16466. 45) OECD. 2022. Promoting Enterprise Digitalisationin Azerbaijan. https://search.oecd.org/eurasia/competitiveness-programme/PromotingEnterpriseDigitalisationinAzerbaijan.pdf. 46) HG.org Legal Source. Azerbaijan's Regulations on Agriculture: What Foreign Companies Need to Know. https://www.hg.org/legal-articles/azerbaijan-s-regulations-on-agriculture-what-foreign-companies-need-to-know-37968. 47) EDF. 2023. Entrepreneurship Development Fund. Available Upon Request. 48) Eurroasianet. 2021. Azerbaijan prepares for Karabakh resettlement in “smart villages”. https://eurasianet.org/azerbaijan-prepares-for-karabakh-resettlement-in-smart-villages. 49) Ministry of the Agriculture of the Republic of Azerbaijan. 2021. Governor of Oklahoma John Kevin Stitt got acquainted with the implemented work within the framework of “Smart Village” project in Zangilan. https://atm.gov.az/en/news/385/governor-of-oklahoma-john-kevin-stitt-got-acquaint/. 50) Swiss – Azerbaijan Chamber of Commerce and Industry. Industrial Parks. https://www.sacci.ch/invest-in-azerbaijan/industrial-parks/. 51) UNDP Stakeholder Consultation with the Agricultural Research Center under the Ministry of Agriculture, March 2023 52) ABC.az. 2021. Number of agricultural parks in Azerbaijan published. http://abc.az/en/news/80956. 53) Mehman Agarza oglu Rzayev 2020. Smart Farming and Main Directions of the Innovative Policy. https://agroeconomics.az/pdf/articles/Smart%20farming%20and%20main%20directions%20of%20the%20innovation%20policy.pdf. 54) ADB. 2019. Azerbaijan: Country Digital Development Overview. https://www.adb.org/sites/default/files/institutional-document/484586/aze-digital-development-overview.pdf. 55) UNECE. Chapter II, Spatial Planning and Land Administration. https://unece.org/DAM/hlm/prgm/cph/countries/azerbaijan/CPAzerbaijan.chapter2.pdf. 56) Social Research Center. 2020. Internal Migration and Social Aspects of Urbanization in Azerbaijan. https://stm.az/en/news/661/internal-migration-and-social-aspects-of-urbanization-in-azerbaijan. 57) National Information Portal on Sustainable Development Goals of the Republic of Azerbaijan. 2021. Available national statistics on the Sustainable Development Goals indicators. http://sdg.azstat.org:8484/en/home. 58) National Information Portal on Sustainable Development Goals of the Republic of Azerbaijan. 2021. Indicator 15.3.1 Proportion of land that is degraded over total land area. http://sdg.azstat.org:8484/en/indicators/671/proportion-of-land-that-is-degraded-over-total-land-area#footnote-1. 59) Ministry of the Economy of the Republic of Azerbaijan. 2019. Azerbaycan Respublikasi Regionlarinin 2019-2023-Cü Illerde Sosial-Iqtisadi Inkişafi Dövlet Proqrami. https://economy.gov.az/storage/files/files/1029/ckaZ7sv78T43pEDXtvRGR3rexllt6N5g86xeTPyJ.pdf. 60) President of the Republic of Azerbaijan. 2016. Strategic Roadmap for Development of Telecommunications and Information Technologies in Azerbaijan Republic. 201https://monitoring.az/assets/upload/files/6683729684f8895c1668803607932190.pdf. 61) StartupBlink, 2022. Azerbaijan Startup Ecosystem Overview. https://www.startupblink.com/startup-ecosystem/azerbaijan. 62) IAEA. 2023. Climate-Smart Agriculture Shows Promise in Improving Azerbaijan’s Cotton Productivity. https://www.iaea.org/newscenter/news/climate-smart-agriculture-shows-promise-in-improving-azerbaijans-cotton-productivity. 63) OECD, Social Institutions & Gender Index. Azerbaijan. https://www.genderindex.org/wp-content/uploads/files/datasheets/AZ.pdf. 64) The State Statistical Committee of the Republic of Azerbaijan. 2023. Average monthly nominal wages and salaries by Statistical Classification of Economic Activities. https://www.stat.gov.az/source/labour/en/004_2-3en.xls. 65) European Bank of Reconstruction and Development. March, 2019. Azerbaijan Diagnostic. https://www.ebrd.com/documents/strategy-and-policy-coordination/azerbaijan-diagnostic.pdf. 66) World Bank Group. 2021. ICT service exports (BoP, current US$) - Azerbaijan. https://data.worldbank.org/indicator/BX.GSR.CCIS.CD?locations=AZ.