Using Analytics To Meet Australian Agribusiness Challenges

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Using Analytics To Meet Australian Agribusiness
Challenges

• Australian agribusiness firms, wholesalers,
  producers and farmers are increasing their use of
  technology and data analytics to better manage
  profitability, minimise wastage, understand
  customer needs, crop yields, soil conditions,
  weather patterns and more.  Here we look at some
  of the ways weve been working with agribusiness
  clients in leveraging business intelligence and
  analytics to help better manage their unique
  business challenges.

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Some Challenges Facing Australian Agribusiness

• Market volatility and climate volatility have
  significant impacts on our primary producers and
  those in the agribusiness industry, and tools
  need to be put in place to mitigate some of these
  risks.
• Regulations, subsidies and rising production
  costs -- including prices of seeds, fertilisers,
  water, electricity, and machinery -- are placing
  increasing pressures on Australian agribusinesses
  to more efficiently utilise their resources and
  increase output.
• Australian agribusinesses must develop ways to
  remain competitive on a global stage and create
  efficient and data-driven supply chains for its
  food and agricultural exports.

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Some Challenges Facing Australian Agribusiness

• Perishable items require special treatment to
  cost-effectively maximise shelf life, but often
  supply chain systems treat all items the same.
• Another consideration or challenge facing
  Australian agribusinesses is the fact that
  consumers are getting pickier. Information
  empowered consumers have increased expectations
  for health, provenance, sustainability and
  ethical transparency from firms.
• Finally, internet and network connectivity of
  regional Australia can still remain a barrier to
  growth in some regions with slow speeds.

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Where Analytics Can Deliver Fresh Insights

• Provide Better Visibility Into Financial
  Information.
• Minimise Wastage.
• Better Cost Management.
• Maximising Production Output.
• Predict Forecast Demand Better.

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Reference Johnson, S. (2019). Using Analytics
To Meet Australian Agribusiness Challenges
Inside Info. online Insideinfo.com.au.
Available at https//insideinfo.com.au/business-i
ntelligence-and-analytics/using-analytics-meet-aus
tralian-agribusiness-challenges Accessed 19 Feb.
2019.