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SmartRisk is a predictive and prescriptive solution for risk monitoring, mitigation and forecasting intelligence. The AI and machine learning based platform detects cropping patterns and predicts the future of the crop, thus highlighting the associated risk and opportunity for agri-stakeholders. Businesses can achieve farm-level crop detection and yield prediction through the SmartRisk capabilities that can also establish historical performance of every pixel at farm/postcode/state/country level by utilizing easy-to-use Connector APIs.
Capability and features
CropIn’s solutions are powered by proprietary algorithms built on ground data, satellite imagery and weather data, which are used to provide insights at farm and region level. The results are accurate, reliable, and highly predictable.
SmartRisk can improve the loan collection process, optimize the loan disbursement process, pre-emptively assess NPA, perform crop growth analysis to monitor risk in real time and expand lending portfolios to new regions with higher confidence. This is valuable for banks, NBFCs, microfinance institutions, insurance companies, government bodies, commodity traders and sourcing managers.
Lenders can detect cropping patterns, monitor the health of standing crop, estimate crop yield, and also establish the historical performance of a farm/plot. SmartRisk thus makes loan disbursement processes more streamlined, in addition to providing lenders with event triggers on a farmer/plot level.
Governments can take advantage of SmartRisk’s capability to efficiently predict crop yield in a given location for multiple types of crops to achieve varied objectives such as study of a crop’s productivity, nationwide yield estimation, planning and implementation of policies, and accurate payment of crop insurance claims among others.
CropIn largely works on a B2B model, catering to farming companies that employ farmers in large numbers. Through this, CropIn has been able to effectively digitize over 3.1 million acres of farmland within a short span of time.
Progress to date
CropIn’s platform has impacted over 2.1 million farmers worldwide.
SmartRisk’s proprietary ML algorithms enabled one of the world’s largest retailers to source high-quality grapes from farms at close proximity, thereby effectively cutting down expense incurred due to logistics and operational hassles.
A globally renowned beverage company leveraged SmartRisk’s intelligent crop detection capabilities to detect high-growth sorghum farms in order to set-up warehousing and processing centers in Nigeria.
Upcoming initiatives include: identification of stress and crop stages, expansion of CropIn’s reach in Southeast Asia, accurate detection of more crops, along with their health & yield estimates.
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