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What's Cooking

The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the cu...

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Main Authors: Schroeder, Kateryna, Lampietti, Julian, Elabed, Ghada
Format: Online
Published: Washington, DC: World Bank 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/417641615957226621/Whats-Cooking-Digital-Transformation-of-the-Agrifood-System
https://hdl.handle.net/10986/35216
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author Schroeder, Kateryna
Lampietti, Julian
Elabed, Ghada
author_facet Schroeder, Kateryna
Lampietti, Julian
Elabed, Ghada
author_sort Schroeder, Kateryna
collection Colección Libros - Series (activas)
description The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the current revolution is being sparked at multiple points along the agrifood value chain. The change is driven by the ability to collect, use, and analyze massive amounts of machine-readable data about practically every aspect of the value chain, and by the emergence of digital platforms disrupting existing business models. All this allows for drastically reduced transaction costs and pervasive information asymmetries that plague the agrifood system. The success of the digital transformation, however, is not guaranteed as the risks it brings are numerous, including those related to data governance and inadequate competition within and between digital platforms. What’s Cooking: Digital Transformation of the Agrifood System investigates how digital technologies can accelerate the transformation of the agrifood system by increasing efficiency on the farm; improving farmers’ access to output, input, and financial markets; strengthening quality control and traceability; and improving the design and delivery of agriculture policies. It also identifies a key role for the public sector in maximizing the benefits of this process while minimizing its risks, through enabling an innovation ecosystem featuring open datasets, digital platforms, digital entrepreneurship, digital payment systems, and digital skills and encouraging equitable technology adoption.
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spelling wb-10986-352162026-06-12T20:30:57Z What's Cooking Digital Transformation of the Agrifood System Schroeder, Kateryna Lampietti, Julian Elabed, Ghada AGRICULTURE EFFICIENCY TRANSACTION COST DIGITAL TECHNOLOGY ENVIRONMENTAL SUSTAINABILITY INFORMATION ASYMMETRY DIGITAL DIVIDE FOOD SYSTEM EQUITY INNOVATION ECOSYSTEM DIGITAL PLATFORM The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the current revolution is being sparked at multiple points along the agrifood value chain. The change is driven by the ability to collect, use, and analyze massive amounts of machine-readable data about practically every aspect of the value chain, and by the emergence of digital platforms disrupting existing business models. All this allows for drastically reduced transaction costs and pervasive information asymmetries that plague the agrifood system. The success of the digital transformation, however, is not guaranteed as the risks it brings are numerous, including those related to data governance and inadequate competition within and between digital platforms. What’s Cooking: Digital Transformation of the Agrifood System investigates how digital technologies can accelerate the transformation of the agrifood system by increasing efficiency on the farm; improving farmers’ access to output, input, and financial markets; strengthening quality control and traceability; and improving the design and delivery of agriculture policies. It also identifies a key role for the public sector in maximizing the benefits of this process while minimizing its risks, through enabling an innovation ecosystem featuring open datasets, digital platforms, digital entrepreneurship, digital payment systems, and digital skills and encouraging equitable technology adoption. 2021-03-05T17:28:27Z 2021-03-05T17:28:27Z 2021-03-16 Book Livre Libro http://documents.worldbank.org/curated/en/417641615957226621/Whats-Cooking-Digital-Transformation-of-the-Agrifood-System 978-1-4648-1657-4 https://hdl.handle.net/10986/35216 10.1596/978-1-4648-1657-4 Agriculture and Food Series; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf Washington, DC: World Bank
spellingShingle AGRICULTURE
EFFICIENCY
TRANSACTION COST
DIGITAL TECHNOLOGY
ENVIRONMENTAL SUSTAINABILITY
INFORMATION ASYMMETRY
DIGITAL DIVIDE
FOOD SYSTEM
EQUITY
INNOVATION ECOSYSTEM
DIGITAL PLATFORM
Schroeder, Kateryna
Lampietti, Julian
Elabed, Ghada
What's Cooking
title What's Cooking
title_full What's Cooking
title_fullStr What's Cooking
title_full_unstemmed What's Cooking
title_short What's Cooking
title_sort what s cooking
topic AGRICULTURE
EFFICIENCY
TRANSACTION COST
DIGITAL TECHNOLOGY
ENVIRONMENTAL SUSTAINABILITY
INFORMATION ASYMMETRY
DIGITAL DIVIDE
FOOD SYSTEM
EQUITY
INNOVATION ECOSYSTEM
DIGITAL PLATFORM
url http://documents.worldbank.org/curated/en/417641615957226621/Whats-Cooking-Digital-Transformation-of-the-Agrifood-System
https://hdl.handle.net/10986/35216
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