Professional Documents
Culture Documents
Department of Management
Dr. Kampa Kishore Kumar Ph.D, MBA, Mcom(F), PGDIM, PGDDM
1 Introduction 8
1.2 Problem 10
2.1 Data 11
Kevin Ashton
3.2 LPWAN 70 - 72
3.3 NB-IOT 72 - 74
5 Concept:Digital Agriculture 97
5.1 Findings 97 - 98
5.2 suggestions 98 - 99
CERTIFICATE
This is to certify that the project report entitled“ A study on Risk-
Scoring and Analysis ” a bonafide record of the project work done
and submitted by
for the partial fulfllment of the requirements for the award of B.Tech.
Degree in ELECTRICAL AND ELECTRONICS ENGINEERING
RAJIV GANDHI UNIVERSITY OF KNOWLEDGE AND TECHNOLOGIES ,
RAJIV KNOWLEDGE VALLEY,
Assistant professor
Declaration
We certify that,The work made in this report has been done by us under
the guidance of my supervisor.We have confirmed to the norms and
guidelines given in the ethical code of conduct of the institute. Whenever
we have used materials (data,theoritical analysis,figures and text) from
other sources, we have given due credit to them by siting them in the text
of the report and giving their details in the references.
Satellite can be developed to measure the moisture level, crop health and
performance of assets etc, by applying image processing. Geo Information
System (GIS) this technology provides geospatial data to create maps and
visualize the location and condition of various agriculture and irrigation
related data. Remote sensing technology helps to monitor and review the
agri business. AI can be used to analyze large agriculture and related data
to provide insights to improve decision making in agriculture. GPS –
guides tractors and drones, can be used for optimization in farm operations,
interne ting of things improves the performance of agri- business.
Interne ting of things improve the efficiency of the farming activity, Block
chain technology secure and track ownership transaction of assets, include,
crop livestock equipment etc. Which avidest risk of fraudulent activities
and improve transparency in transportation of goods which improves
supply chain efficiency.
Predictive analytics can be use to predict future by analyzing the past data
in agriculture to support decision making.
Crop modeling helps farmer to optimize farm business operations and take
informative decisions by using computers and simulations.
2.1 Data:
Agriculture data or farm data deals with clop, livestock, marketing, soil,
climatic events and financial data of a farm. Financial data include
revenue, debt level, inflow out flow etc.
2. 2 Big Data:
Data need to be collected by various sources the size of the farm, inputs
used, access to the credit, type of crop; assets associated with farm,
production data , marketing data, financial records, level of credit, over all
financial performance can be analyzed in a particular business
environment. Data need to be collected, stored, interpreted and finally
analyzed for support of financial performance of the asset. Farm itself is an
asset; performance of farm with other assets in a business environment is
the performance of farming activity.
Farm data if of different forms that include crop related data, vegetation
data, disease and pest outbreak data, crop stress data etc, it also include
data for crop estimation, weed data for segmentation and classification,
soil data for soil health management, weather data for weather pattern
analysis, disease symptom detection, image processing algorithms involves
analyzing images of crops to estimate production capacity of the farm.
Data in agriculture can be viewed in two different ways micro level data
represents a farm and farm related activities data. Which is related to size,
location, levels of nutrition, availability of water etc which is related to
production data, managing of assets and access to credit is related to
financial data, taking a product to right market place and volatility of price
is associated with market data, government and other agencies support
develops data by institutional agencies, crop insurance data, livestock
related data, thus driftnet 4Vs data is available at micro level of a farm
which can be collected and stored for analysis.
Macro level data can be collected by image processing; this data is related
to the area of a crop, productivity of the asset, in particulate farming
environment the farm business is operated and analyzed.
Data at macro level can be compared with data at micro level to assess the
best possible ways to improve the performance of the farm business, thus
business performance can be increased by investing on business driven by
data and artificial intelligence. Artificial intelligence improves the
performance of the farm by optimizing the activities by data driven
agriculture.
2.6 The internet of Farm : The Internet of Farm, also known as the
Internet of Things (IoT) in agriculture, refers to the use of internet-
connected devices and technologies to improve various aspects of farming
and agricultural operations. It involves the integration of sensors, actuators,
software, and data analytics to enable real-time monitoring, automation,
and decision-making in farming practices.
Here are some key aspects and applications of the Internet of Farm:
1. Smart Farming: IoT devices and sensors are deployed across the
farm to gather data on soil moisture, temperature, humidity, rainfall,
and other environmental factors. This data helps farmers make
informed decisions about irrigation, fertilization, and pest control,
leading to improved crop yields and resource efficiency.
2. Livestock Monitoring: IoT solutions are used to monitor the health,
behavior, and location of livestock. Wearable devices such as smart
collars and ear tags provide real-time data on animal activity, body
temperature, and feeding patterns. This information helps farmers
detect illness, track the animals' movements, and optimize their
feeding and breeding strategies.
3. Precision Agriculture: The Internet of Farm enables precision
agriculture techniques by combining data from various sources, such
as satellite imagery, drones, and ground sensors. Farmers can create
detailed maps of their fields, identify areas with specific needs (e.g.,
nutrient deficiencies or weed infestations), and apply targeted
treatments, minimizing the use of resources and maximizing
productivity.
4. Automated Machinery: IoT devices are integrated into farm
machinery, such as tractors and harvesters, to optimize their
performance. These devices collect data on fuel consumption, engine
health, and operational efficiency, enabling predictive maintenance
and reducing downtime. Autonomous or semi-autonomous vehicles
can also be used for tasks like planting, spraying, and harvesting.
5. Supply Chain Management: The Internet of Farm facilitates better
supply chain management by tracking and tracing agricultural
products throughout the entire production and distribution process.
IoT devices can monitor storage conditions, temperature, and
humidity, ensuring product quality and reducing waste. Real-time
data sharing among farmers, distributors, and retailers enhances
coordination and improves logistics.
6. Farm Management Systems: IoT platforms and farm management
software allow farmers to integrate and analyze data from multiple
sources. These systems provide insights into crop performance,
resource utilization, and financial analysis, enabling farmers to make
data-driven decisions and optimize their operations.
Applications of IoT
1. Crop Monitoring: IoT sensors and devices are used to monitor and
collect data on various environmental factors such as soil moisture,
temperature, humidity, light intensity, and nutrient levels. This data
helps farmers make informed decisions regarding irrigation,
fertilization, and pest control, leading to optimized crop growth and
resource utilization.
2. Livestock Monitoring: IoT enables the monitoring and management
of livestock health and behavior. Wearable devices such as smart
collars or ear tags equipped with sensors collect real-time data on
animal activity, temperature, heart rate, and location. This
information helps farmers detect signs of illness, track animal
movements, optimize feeding schedules, and improve breeding
strategies.
3. Precision Irrigation: IoT-based irrigation systems use data from soil
moisture sensors, weather stations, and crop characteristics to deliver
water precisely when and where it is needed. This reduces water
wastage, improves water-use efficiency, and promotes healthier plant
growth.
4. Automated Farming Operations: IoT devices can automate various
farming operations, such as seeding, planting, fertilizing, and
harvesting. Autonomous or semi-autonomous agricultural machinery
equipped with IoT technology can navigate fields, analyze data, and
perform tasks more efficiently, reducing labor requirements and
increasing productivity.
5. Disease and Pest Management: IoT devices, such as smart traps and
sensors, can detect and monitor pests and diseases in crops. Real-time
data collection and analysis enable farmers to identify and respond to
outbreaks quickly, implementing targeted treatment strategies and
minimizing crop losses.
6. Agricultural Drones: Drones equipped with IoT technology and
sensors are used in digital agriculture for aerial imaging, crop
monitoring, and spraying. Drones can capture high-resolution images
of fields, analyze crop health, and apply targeted treatments,
enhancing productivity and reducing chemical usage.
7. Data Analytics and Decision Support: IoT-generated data,
combined with advanced analytics and machine learning, helps
farmers make data-driven decisions. Analytics platforms process and
analyze large volumes of data, providing valuable insights on crop
performance, yield predictions, resource optimization, and overall
farm management.
8. Supply Chain Optimization: IoT can improve traceability and
transparency in the agricultural supply chain. Sensors and data
loggers attached to products and packages can monitor and record
temperature, humidity, and other environmental conditions during
storage and transportation, ensuring product quality and reducing
waste.
9. Weather Monitoring and Forecasting: IoT weather stations and
sensors can collect hyper-local weather data, enabling farmers to
make informed decisions based on accurate and timely weather
information. This helps optimize planting schedules, manage
irrigation, and mitigate weather-related risks.
The integration of IoT technologies in digital agriculture has the potential
to revolutionize farming practices, increase productivity, reduce
environmental impact, and enhance sustainability in the agriculture
industry.
Future of IoT
The impact of the internet on digital agriculture has been significant and
transformative. Here are some key ways in which the internet has
influenced and benefited the field of agriculture:
1. Access to Information: The internet provides farmers with easy
access to a vast amount of agricultural information. They can access
weather forecasts, market prices, pest and disease management strategies,
crop varieties, and best agricultural practices from around the world. This
access to information helps farmers make informed decisions and adopt
innovative techniques to improve their productivity and sustainability.
2. Precision Farming: The internet revolution has enabled the
widespread adoption of precision farming techniques. Farmers can use
real-time data gathered from sensors, satellite imagery, and weather
stations to precisely manage irrigation, fertilization, and pest control. This
precision helps optimize resource utilization, reduce waste, and increase
crop yields.
3. Remote Monitoring and Control: Internet-connected devices and
sensors allow farmers to remotely monitor and control various aspects of
their agricultural operations. They can monitor soil moisture, temperature,
and humidity levels, as well as control irrigation systems and manage
livestock remotely. This real-time monitoring and control enable timely
interventions and efficient resource management.
3. Digital Divide:
Despite the overall growth in internet usage, there is still a digital
divide between regions and countries. Some areas, particularly in
developing nations, may have limited internet access and technological
infrastructure.
Bridging the digital divide is crucial to ensure that all farmers have
equal opportunities to benefit from digital agriculture advancements.
4. Mobile Internet Access:
Mobile devices, such as smartphones and tablets, play a significant
role in internet access, particularly in regions where fixed broadband
infrastructure is limited.
Mobile internet usage has increased in rural areas, allowing farmers to
access information and digital services related to agriculture.
5. Government Initiatives and Investments:
Governments and organizations worldwide have recognized the
importance of digital agriculture and are investing in improving internet
connectivity in rural areas to support farmers.
Initiatives such as expanding broadband coverage, providing subsidies
for internet services, and promoting digital literacy aim to bridge the
digital divide and promote digital agriculture adoption.
It's important to note that these statistics are general and may not
specifically focus on digital agriculture. The availability and quality of
internet access in agriculture can vary significantly across regions and
countries. Access to reliable internet infrastructure and digital services
remains a key consideration for the successful implementation of digital
agriculture practices.
Kevin Ashton
Kevin Ashton is often credited with coining the term "Internet of Things"
in 1999 when he was working at Procter & Gamble. While his work
primarily focused on supply chain management and inventory control, the
concept of the Internet of Things has since expanded to various industries,
including digital agriculture.
In the context of digital agriculture, Kevin Ashton's concept of the Internet
of Things emphasizes the integration of sensors, devices, and data
analytics to enhance farming practices and improve agricultural outcomes.
The idea is to connect physical objects and equipment in the agricultural
ecosystem to the internet, allowing for real-time data collection,
monitoring, and control.
By employing IoT technologies in digital agriculture, farmers can gather
data on soil conditions, weather patterns, crop health, and livestock well-
being, among other factors. This data can be analyzed to gain insights,
optimize resource allocation, automate processes, and make informed
decisions for improved efficiency, sustainability, and productivity.
Kevin Ashton's pioneering work laid the foundation for the development
and application of IoT technologies in various industries, including digital
agriculture. His vision of a connected network of devices and systems has
transformed the way we approach farming, enabling data-driven insights
and advancements in agricultural practices.
Barcodes
It's important to note that while barcodes can enhance certain aspects of
agricultural operations, they are not inherently part of the IoT
infrastructure itself. However, when combined with IoT technologies like
sensors, cloud computing, and data analytics, barcodes can contribute to an
integrated digital ecosystem in the agricultural supply chain.
Wi-Fi
Mobile computing
Condition Sensors
CDMA/GPRD/4G
Grid Sensors
Sensing Layer
In the technical perspective of IoT, the sensing layer plays a critical role in
capturing data from the physical environment. It consists of various
sensors and devices that collect data about the surrounding conditions,
objects, or events. Here are key aspects related to the sensing layer in IoT:
Communication Layer
Management Layer
In an IoT system for farming, constraint devices refer to IoT devices with
limited resources in terms of processing power, memory, energy, or
communication capabilities. These devices are typically designed to
operate efficiently in resource-constrained environments. Here's how
constraint devices can be used in an IoT system for farming:
3.2 LPWAN
3.3 NB-IOT
While IoT systems offer numerous benefits for farming, there are also
several challenges and barriers that need to be addressed. Here are some
common challenges and barriers in implementing IoT systems for farming:
4.1.1 Time Series Analysis: Time series analysis algorithms to study price
Iot System for Farmingvariation such as autoregressive integrated moving
average (ARIMA), exponential smoothing methods (e.g., Holt-Winters),
and seasonal decomposition of time series (STL), are widely used for farm
produced price forecasting, which analyzes previous price data to identify
patterns, trends, and seasonality, allowing for the prediction of future
prices.
4.1.2 Machine Learning (ML) Models: include regression models,
decision trees, random forests, support vector machines (SVM), and neural
networks, can be employed for price forecasting and market analysis in
agriculture. These models leverage price data and along with other factors
which affect farmer and farming activity such as weather patterns, crop
yield data, global market trends, effect of climatic event and
macroeconomic indicators to make predictions.
Here are some key steps and considerations for conducting regular reviews and
updates of risk scoring:
1 .Frequency of Reviews: Determine how often risk scoring will be reviewed and
updated. The frequency may vary depending on the nature of the project, industry,
or the organization's risk appetite. Quarterly or semi-annual reviews are common
practices.
2. Risk Identification: Ensure that all potential risks are identified and documented.
Encourage input from stakeholders, subject matter experts, and team members to
capture a comprehensive list of risks.
3. Risk Assessment: Evaluate each risk's likelihood and potential impact on the
project or organization. This assessment can be done using qualitative or
quantitative methods, depending on the availability of data and the complexity of the
risk.
4. Data Collection and Analysis: Gather relevant data and information to support the
risk assessment process. This data may come from historical records, industry
benchmarks, expert opinions, or risk modeling tools.
10. Update risk scoring methodology: If necessary, revise the risk scoring
methodology to ensure it accurately reflects the current risk landscape. This could
involve adjusting weightings assigned to different risk factors or updating the scoring
criteria based on new information or insights gained during the review process.
11. Validate and verify: Validate the updated risk scoring by conducting internal and
external reviews. Engage relevant stakeholders, such as subject matter experts or risk
management professionals, to provide input and validation of the revised risk scores.
12. Communicate and document: Share the updated risk scoring with relevant
stakeholders, such as senior management, risk committees, or board members. Clearly
communicate any changes made to the risk scores, methodology, or underlying
assumptions. Document the review process, including the data sources used, the
analysis conducted, and the rationale for any changes made.
13. Monitor and refine: Continuously monitor the effectiveness of the revised risk
scoring system. Regularly assess its performance and make any necessary refinements
based on feedback, new information, or emerging risks.
Suggestion regarding to Riskscoring and assessment:
After completing the regular review and update of risk scoring, several key findings
and conclusions have been drawn. These conclusions are essential for understanding
the current risk landscape and making informed decisions to mitigate potential
threats. The conclusions are as follows
1. Risk Identification: The review process has successfully identified and assessed
various risks that the organization faces. This includes both internal risks, such as
operational, financial, and compliance risks, as well as external risks arising from
market changes, geopolitical factors, and technological advancements.
2. Risk Prioritization: The risk scoring exercise has allowed for the prioritization of
risks based on their potential impact and likelihood of occurrence. High-priority risks
require immediate attention and resources for effective risk management and
mitigation.
5. Emerging Risks: The review process has also highlighted potential emerging risks
that may have not been previously considered. It is crucial to monitor and address
these emerging risks proactively to prevent them from evolving into significant
threats.
6. Risk Communication: The risk scoring process has enabled clearer and more
effective communication of risks across the organization. This improved
communication fosters a better understanding of risks at all levels, facilitating
informed decision-making and alignment with the organization's risk management
strategy.:
7. Continuous Improvement: Regular reviews of risk scoring are vital for
maintaining a dynamic and proactive risk management approach. The process
should be further refined based on lessons learned and changes in the business
environment.
8. Risk Culture: The review has provided insights into the organization's risk
culture. Cultivating a strong risk-aware culture is essential for promoting risk
consciousness and encouraging proactive risk management behaviors among
employees
Regular review and update of risk scoring is an ongoing process that should be
prioritized.
Regular review and update of risk scoring is crucial for effective risk management.
Risk scoring helps identify and prioritize potential risks in an organization.
This presentation focuses on the conclusion of the regular review and update
process.
Overall, the regular review and update of risk scoring have empowered the
organization with valuable insights into its risk landscape, enabling the
implementation of effective risk management strategies and enhancing its overall
resilience and ability to navigate uncertainties successfully
In conclusion, the risk scoring assessment on prioritization and mitigation in
cultivation provides agricultural stakeholders with a systematic approach to identify,
evaluate, and address risks that could significantly impact crop production
andprofitability. By implementing appropriate mitigation strategies, farmers can
enhance their ability to adapt to uncertainties and challenges
compare the costs associated with using different input qualities against the
potential benefits, such as improved crop yield, reduced losses, or enhanced product
value. By quantifying the expected turns and considering the associated risks,
frarmers can make informed decisions regarding input quality and
investment
4.2.4Machine Learning (ML) Models: ML algorithms can be employed to
assess the relationship between input quality and various outcomes, such as
crop yield, disease incidence, or market value. By training ML models on
past data that includes information on input quality and associated costs,
farmers can gain insights into the impact of different input qualities on
agricultural outcomes. This information can then be used to make informed
decisions about input quality management and risk mitigation.
4.2.5 Decision Trees: Decision trees are a type of algorithm that can be
used to analyze the factors influencing quality and cost of an in-put. By
constructing a tree-like model that maps input quality characteristics to
associated costs, decision trees can provide guidance on the most cost-
effective choices for input procurement. Decision tree algorithms are
particularly useful for analyzing complex decision-making scenarios with
multiple variables and outcomes.
5.1 Findings
5.2 Suggestions
As of my knowledge cutoff in September 2021, there were several prototypic products
and technologies being developed to address sensitivity in digital agriculture.
However, please note that the landscape of technology and innovation is constantly
evolving, and there may be newer advancements beyond my current knowledge. Here
are a few examples of prototypic products aimed at solving sensitivity issues in
digital agriculture:
FLOW CHART
start
Identify the year with the highest profit and loss for the crop
End
Future enchancements
There are several potential future enhancements in the field of sensitivity analysis in
digital agriculture. As technology continues to advance, new developments and
innovations are being explored to further improve the sensitivity and precision of
agricultural data analysis. Here are a few areas where future enhancements are
expected: