Looking globally, without the greater use of technology, there will likely be a ‘health and safety squeeze’ in the coming decades. Most of the population increase over the next half century will occur in the developing world meaning the pressure to increase food production will be higher here than anywhere else. Economies in these areas also stand to expand the most, diversifying into more areas and stretching a more educated workforce into different jobs. There will therefore likely be a drop in the available labour workforce for agricultural production, placing a premium on workers and a need to use them as efficiently as possible, while increasing the need to keep them safe.
In both regulatory spheres, IoT, combined with other elements of digital transformation, are essential to minimise the burden and costs of new regulations. IoT can boost the globalisation of food production, enable access to new markets and create greater prosperity in the developing world. It can also create a safer working environment in what is currently one of the most dangerous places to work. No wonder it is such a focus for agritech businesses today.