NASSCOM recognizes RMSI Cropalytics’ work on Agri-sector
PInCER™ (Profiler for Insured Crop Exposure & Risk) by Agri-tech start-up RMSI Cropalytics is going global to provide Agri-sectors, crop acreage and yield estimate faster, more accurately and at higher resolution, using satellite, drone and AI/ML technologies.
“We aim to develop PInCER™ into a global platform such that any government agency, research scholar, farm lending or insurance company, agri-input company or trading company may, using satellite imagery, estimate crop acreages, assess crop health and derive crop yield estimates for their area of interest, on-demand” said,” Pushpendra Johari, Director, RMSI Cropalytics.
Johari announced the global plan after RMSI Cropalytics was recognized by NASSCOM as one of the top 50 emerging software product companies who would be the future trendsetters from India, as part of NASSCOM Emerge 50 Awards 2020.
“Our work for the Agri sector made us realise how poorly visible agrarian distress is. Bringing together our skills in hazard-vulnerability assessment and advanced predictive modelling, we are creating this platform that will make crop yield estimation parametric and structured, and make Agri-distress hotspots visible in near-real time for decision-makers,” Roli Jindal, Co-Founder RMSI Cropalytics said in a release on 16 Nov 2020 on winning the award.
RMSI Cropalytics received the award for its path-breaking product PInCER™ under the Bharat Category, which recognizes innovative solutions that solve some of the toughest problems of India in a scalable manner using technology.
With Zinnov as a knowledge partner, the award nomination categories included – FinTech, Health Tech, Retail Tech, Logistics & Supply Chain, SaaS, Enterprise, Bharat, IoT Hardware & devices, Strategic sector & Cybersecurity.
Crop Yield estimation in India has historically been an exercise in averaging and approximation. The non-availability of good acreage and yield data hampers many sectors in decision-making. On winning this prestigious award,
Expressing her thoughts at the award ceremony, Debjani Ghosh, President, NASSCOM, added, “Indian product industry is gradually becoming an innovation partner of enterprises embracing digital transformation in recent years.”
Companies and start-ups have shown tremendous resilience during the current pandemic and are in the midst of pivoting to newer business avenues, supported by a range of government initiatives, said Ghosh.
“Deep technology is no longer something brewing out of an R&D facility, but a tangible, exciting prospect, enriching lives and enhancing the country’s innovation potential,” she said.
This year’s edition saw over 700+ submissions which were then screened and scrutinized on various parameters and evaluation criteria, such as product excellence, market excellence, business excellence, vertical excellence and technology excellence. The participation was characterized by a mixture of burgeoning success stories and promising start-ups.
RMSI Cropalytics is a subsidiary of RMSI, and focuses on agri-tech that combines advanced modeling, machine learning, and Agri and meteorological domain expertise to provide detailed information and data analytics on Indian agriculture. #technology #insurance #agriculture #banking #project /fiinews.com