Data-Driven decision making in agriculture and business: The role of advanced analytics

Authors

  • Eyitayo Raji Independent Researcher, Chicago, USA
  • Tochukwu Ignatius Ijomah Independent Researcher, Australia
  • Osemeike Gloria Eyieyien FDM, UK

DOI:

https://doi.org/10.51594/csitrj.v5i7.1275

Abstract

Advanced analytics has revolutionized decision-making processes in agriculture and business by harnessing data-driven insights to optimize operations, manage risks, and drive innovation. This paper explores the transformative role of advanced analytics in these sectors, highlighting key benefits, challenges, and future directions. In agriculture, advanced analytics enables precision farming by integrating AI, IoT sensors, and satellite imagery. Predictive models forecast crop yields, optimize irrigation, and enhance soil management practices, improving productivity and sustainability. Similarly, advanced analytics supports strategic decision-making in business by analyzing consumer behavior, predicting market trends, and optimizing supply chain operations. However, adopting advanced analytics faces challenges such as data quality, technical expertise, cost constraints, and ethical considerations. Addressing these challenges requires investments in data infrastructure, talent development, and regulatory compliance to ensure secure and ethical data usage. Emerging trends include AI-driven automation, blockchain for supply chain transparency, and augmented analytics for democratizing data access. Recommendations for stakeholders include investing in data capabilities, fostering collaborative partnerships, and promoting a culture of data-driven decision making. In conclusion, advanced analytics offers profound opportunities to enhance efficiency, inform decision making, and drive sustainable growth in agriculture and business. Embracing these technologies is essential for organizations seeking to thrive in a data-driven economy.

Keywords: Advanced Analytics, Precision Farming, Predictive Analytics, Data-driven Decision Making, Business Intelligence.

Published

2024-07-07

How to Cite

Eyitayo Raji, Tochukwu Ignatius Ijomah, & Osemeike Gloria Eyieyien. (2024). Data-Driven decision making in agriculture and business: The role of advanced analytics. Computer Science & IT Research Journal, 5(7), 1565-1575. https://doi.org/10.51594/csitrj.v5i7.1275

Issue

Section

Articles