IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home AI & Big Data

Deep Tech Forays into India’s Penurious Farm Sector for its Revival

IndiaTechDesk Editor by IndiaTechDesk Editor
September 22, 2021
in AI & Big Data, Insurance
56 2
0
Deep Tech Forays into India’s Penurious Farm Sector for its Revival

Wingsure, leverages artificial intelligence and deep tech to protect farmers worldwide.

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Global tech giants and homegrown startups have now zeroed in on India’s impoverished farm economy. The technological thrust comes at a time of an ongoing year-long protest by farmers’ groups against a move to liberalize the agriculture sector through three federal laws.

Only with time, the seedlings of these technological efforts will bear fruit ripe enough to stand through the perils of advancement.

A recent entrant in the sector that has raised many eyes is Wingsure, an insurtech venture spin-out of SRI International (formerly Stanford Research Institute) that leverages artificial intelligence and deep technology to protect farmers worldwide.

Wingsure leverages artificial intelligence and deep technology to protect farmers worldwide. The company operates in developing nations and advanced countries, focusing on growers who are locked out of traditional financial services. Wingsure is dedicated to providing farmers with competitive levels of technology and security to maintain the dignity and sustainability of individuals worldwide.

What is on the plate?

Wingsure’s application leverages AI and machine learning (ML) to rapidly process insurance claims with the aid of SRI’s computer vision, geospatial and AR technology, which can confirm crop damage, identify the validity of insurance claims and make a prompt settlement.

In addition to its advanced AI and ML, Wingsure combines voice prompts and natural language processing to allow farmers to speak in their native language. The initial implementation will focus on India, where 70 percent of households are dependent on agriculture for their living.

Many are located in remote locations without access to financial services and cannot insure against crop failure or other unexpected events. The platform provides previously inaccessible services to this enormous market, where 800 million people are agri dependent.

“Farmers are the foundation of our society, but many farmers worldwide are exposed to risks that could cost them their livelihood and their land. We now have the technology to protect these small farmers anywhere in the world,” said Avi Basu, Founder and CEO of Wingsure.

Signs MoU with Telangana Government

The Telangana government entered into an agreement on September 22, 2021, with Wingsure to provide deep-tech-based personalized crop insurance products and advisory services to small, underserved farmers in the state.

The alliance is among the first in the global farming ecosystem and will help Telangana promote social inclusion and digital transformation in Indian agriculture. The Information Technology, Electronics and Communications (ITE&C) Department of the Government of Telangana will guide and facilitate the implementation of the solution.

Jayesh Ranjan, Principal Secretary, ITE and C, Telangana Government, said, “Technological advancement and implementation are ways to transform agriculture. The association with Wingsure will ensure hyper-local data correlation with deep technology to deliver numerous services for the individual smallholders.”

The agriculture department will offer on-ground implementation through its existing network. It will assist in prioritizing and disseminating critical training and advisory services for the farmers, including data acquisition.

Avi Basu, Founder and CEO of Wingsure, said, “The government of Telangana’s vision and understanding of the role of emerging technologies in impacting twenty million lives have led to the early adoption and implementation of AI in agriculture, for accelerated economic growth and inclusive social development.”

Tags: agritech startupIndian Economyinsure-tech startup
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@20.41.117.179.

Related Posts

THB Secures $20 million in Funding to Fuel its Global Expansion
AI & Big Data

THB Secures $20 million in Funding to Fuel its Global Expansion

May 8, 2023
InsuranceDekho Bags $150 million Series A to Boost Insurance Coverage
Insurance

InsuranceDekho Bags $150 million Series A to Boost Insurance Coverage

February 17, 2023
Japan’s Beyond Next Ventures invests in Indian AI-based startup Myelin Foundry
AI & Big Data

Deep-Tech AI Startup Myelin Foundry Bags $3 million in Series A

January 31, 2023
Smart Radar System
AI & Big Data

4D Imaging Radar developer Smart Radar System gets named in CES 2023 Innovation award

November 30, 2022
Synthetic Speech Technology Startup Murf AI Bags $10 million to Drive Product Innovation
AI & Big Data

Synthetic Speech Technology Startup Murf AI Bags $10 million to Drive Product Innovation

September 22, 2022
Zopper Bags $75 Million in its Series C Funding Round to Boost Technology
Insurance

Zopper Bags $75 Million in its Series C Funding Round to Boost Technology

September 20, 2022
No Result
View All Result

Follow Us

FREE NEWSLETTER

 




PRODUCTS

Most Popular

    ABOUT US

    IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

    MORE FROM OUR NETWORK


    • ktd

    • atd

    • itd

    • ktt

    • kgd

    • kpp

    • ktp

    • kpoppost

    • ustechtimes
    Categories
    • Accelerator
    • Agriculture
    • AI & Big Data
    • AR & VR
    • Bitcoin
    • Blockchain
    • Business
    • Clean Technology
    • Competitions
    • Content & Games
    • Coronavirus
    • Cryptocurrency
    • Cybersecurity
    • E-commerce
    • Ecosystem & Lists
    • Education
    • enterprise
    • Enterprise & SaaS
    • entertainment
    • Events
    • featured
    • FinTech
    • Gadgets & Electronics
    • Gaming
    • Guide
    • Health & Bio
    • Incubator
    • Indian Startups
    • Indian Women
    • Insurance
    • Interviews
    • Investments
    • IoT
    • Manufacturing
    • Market
    • Marketplaces & E-commerce
    • Regulation
    • Robotics
    • SaaS
    • Space Startup
    • Transportation & Logistics
    • Travel
    • Uncategorized
    • Venture capital
    • “Contact: press@20.41.117.179”
    • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • About Us

    Copyright © 2023 indiatechdesk.com

    No Result
    View All Result
    • Contact Us
    • Homepages
    • Business
    • Guide

    Copyright © 2023 indiatechdesk.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In