The value that digital adds
Use and application of digital technologies in the agricultural sector have advanced rapidly, with stakeholders across the agricultural value chain, from equipment and seed suppliers to insurers, finding ways to add value to their services and to the improve outcomes for their customers and partners. What is important to note is that that value increases exponentially for stakeholders, reaching up and down the value chain as it becomes more connected.
The agricultural value chain typically comprises five phases, namely input, production, processing, distribution and purchasing. A digital marketplace adds value along the entire value chain. In the production and processing phases, precision agriculture and autonomous operations add value. In the distribution phase, a connected supply chain comes into its own.
A strategic response is needed to put in place the technology foundations—and consistent regional policy—necessary to create a productive, competitive, digital-age agriculture sector in South Africa.
All stakeholders in this sector have a role to play to drive awareness and put in place the infrastructure, standards and policies needed to drive the adoption of the identified digital initiatives.
In our report, Unlocking Digital Value in South Africa’s Agriculture Industry, we:
- Outline the case for change, detailing the challenges the agriculture faces at present.
- Highlight the digital technologies that have the potential to help resolve these challenges and it
- Identify the value that each digital solution presents along with the practical implications of implementation.
For more insight, click through to the report.
The Accenture and WEF value-at-stake framework assesses the impact of digital initiatives (from driverless cars and predictive analytics to drones and remote healthcare) on industries, consumers, society and the environment over the decade to 2026. In the assessment of industries, the framework integrates all segments of an industry's value chain, capturing approximately 80 percent of revenues and profits. It considers the total addressable market and the adoption or penetration rates of new technologies over time, and is based on research, industry reports, existing use cases and expert interviews. The framework also quantifies Digital Value to Society by aggregating the key performance indicators that measure the impact of digitalisation on health and safety, employment, the environment, labour and consumers. Additional Accenture research, based on expert interviews, local statistics, and other inputs, quantifies the value at stake in South Africa and identifies the key digital technologies and initiatives across industry sectors and government services that can unlock that value.