|
|
|
|
|
TOKYO, Dec 21, 2017 - (JCN Newswire) - Mitsubishi Corporation (MC) today announced that it is entering into a business alliance with Vegetalia, Inc., a start-up venture which specializes in the provision of information and communication technology (ICT)-related services for the agricultural sector. MC is also providing Vegetalia with a third-party investment in the amount of 500 million yen.
In line with overall demographic trends, Japan's farming population is aging and decreasing rapidly, and the next few years, it is projected, could see the largest drop ever in the number of agricultural producers. In order to remain competitive in agriculture, including catching up with trends in upscaling and supplementing the insufficiency of successors, Japan will need to increase productivity and efficiency on the fields, ensuring that industry know-how is adequately passed on to future generations, while at the same time honing the skills of up and coming farmers. Through its investment in Vegetalia, a solution-driven ICT company utilizing artificial intelligence (AI) and Internet of Things (IoT) in farming, MC aims to tackle challenges in agriculture, integrating agricultural ICT with its network and knowledge in agribusiness.
Vegetalia is a next-generation food and agriculture venture that utilizes the latest plant science and ICT to provide solutions for the agricultural sector. Solutions offered by Vegetalia include: "Field Server," an IoT tool that allows farmers to monitor their farm lands using sensors; "Paddy Watch," a water management system for rice fields; and "agri-note," a cloud-based system that supports farm management and reporting through the use of maps and aerial photos. Vegetalia has also opened the "Vegetalia Plant Clinic"(1), a service that integrates expertise of plant science specialists, the first private sector initiative of its kind in Japan. Overall, Vegetalia is a pioneer in the use of ICT in Japan and has established itself as a leader in creating innovation in the agricultural sector. Going forward, Vegetalia intends to work with agricultural producers and agribusiness enterprises(2) to put the data accumulated through these solutions to use, leveraging Big Data to build a mutually beneficial agricultural ICT platform.
MC holds a diversified business portfolio in the agricultural sector, spanning from inputs such as fertilizers and agricultural chemicals, to equipment and agricultural produce. The new alliance is a function of this background, whereby MC leverages its wide customer base and industry knowledge developed over the years to help expand the reach of Vegetalia's ICT solutions. By facilitating the generation of Big Data and promoting new alliances with agribusiness enterprises, MC will accelerate the formation of the ICT platform. Joining forces with Vegetalia, MC will utilize AI/IoT to comprehensively extract and visualize information such as soil, farm activity, and plant growth, facilitating the transformation of the agricultural sector into an information industry.
Through optimizing agricultural practices, improving profitability for agricultural producers, and enhancing capabilities to procure and provide agricultural produce in accordance with consumer needs, MC aims to further strengthen its agribusiness operations, and contribute to the larger realization of sustainable growth in agriculture.
(1) Vegetalia Plant Clinic is a registered trademark of the University of Tokyo
(2) Agri-business enterprises include manufacturers of agricultural materials and farming equipment, agricultural products retailers and food manufacturers.
Contact:
Mitsubishi Corporation
Telephone: +81-3-3210-2171
Facsimile: +81-3-5252-7705
Topic: Press release summary
Source: Mitsubishi Corporation
Sectors: Cloud & Enterprise
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Mitsubishi Corporation |
| Apr 30, 2024 18:08 HKT/SGT |
|
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub |
| Apr 24, 2024 16:02 HKT/SGT |
|
MC and Denka Sign J/V Agreement in Fullerene Business |
| Apr 16, 2024 13:36 HKT/SGT |
|
Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA |
| Apr 11, 2024 12:07 HKT/SGT |
|
Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp |
| Apr 3, 2024 18:05 HKT/SGT |
|
Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed |
| Apr 1, 2024 15:17 HKT/SGT |
|
Fujitsu signs MoU with Mitsubishi UFJ Financial Group, Inc. to drive nature positive actions |
| Mar 19, 2024 15:40 HKT/SGT |
|
Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition |
| Mar 18, 2024 16:29 HKT/SGT |
|
Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs |
| Mar 15, 2024 11:36 HKT/SGT |
|
Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving |
| Mar 5, 2024 15:57 HKT/SGT |
|
Mitsubishi Corporation: Participation in PAK Lithium Project in Canada |
| More news >> |
 |
|
|
|
