What's Cooking : Digital Transformation of the Agrifood System

The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the cu...

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Main Authors:	Schroeder, Kateryna, Lampietti, Julian, Elabed, Ghada
Format:	Book
Published:	Washington, DC: World Bank 2021
Subjects:	AGRICULTURE EFFICIENCY TRANSACTION COST DIGITAL TECHNOLOGY ENVIRONMENTAL SUSTAINABILITY INFORMATION ASYMMETRY DIGITAL DIVIDE FOOD SYSTEM EQUITY INNOVATION ECOSYSTEM DIGITAL PLATFORM
Online Access:	http://documents.worldbank.org/curated/en/417641615957226621/Whats-Cooking-Digital-Transformation-of-the-Agrifood-System http://hdl.handle.net/10986/35216

id	okr-10986-35216
recordtype	oai_dc
spelling	okr-10986-352162021-04-23T14:02:18Z What's Cooking : Digital Transformation of the Agrifood System Schroeder, Kateryna Lampietti, Julian Elabed, Ghada AGRICULTURE EFFICIENCY TRANSACTION COST DIGITAL TECHNOLOGY ENVIRONMENTAL SUSTAINABILITY INFORMATION ASYMMETRY DIGITAL DIVIDE FOOD SYSTEM EQUITY INNOVATION ECOSYSTEM DIGITAL PLATFORM The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the current revolution is being sparked at multiple points along the agrifood value chain. The change is driven by the ability to collect, use, and analyze massive amounts of machine-readable data about practically every aspect of the value chain, and by the emergence of digital platforms disrupting existing business models. All this allows for drastically reduced transaction costs and pervasive information asymmetries that plague the agrifood system. The success of the digital transformation, however, is not guaranteed as the risks it brings are numerous, including those related to data governance and inadequate competition within and between digital platforms. What’s Cooking: Digital Transformation of the Agrifood System investigates how digital technologies can accelerate the transformation of the agrifood system by increasing efficiency on the farm; improving farmers’ access to output, input, and financial markets; strengthening quality control and traceability; and improving the design and delivery of agriculture policies. It also identifies a key role for the public sector in maximizing the benefits of this process while minimizing its risks, through enabling an innovation ecosystem featuring open datasets, digital platforms, digital entrepreneurship, digital payment systems, and digital skills and encouraging equitable technology adoption. 2021-03-05T17:28:27Z 2021-03-05T17:28:27Z 2021-03-16 Book http://documents.worldbank.org/curated/en/417641615957226621/Whats-Cooking-Digital-Transformation-of-the-Agrifood-System 978-1-4648-1657-4 http://hdl.handle.net/10986/35216 Agriculture and Food Series; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	AGRICULTURE EFFICIENCY TRANSACTION COST DIGITAL TECHNOLOGY ENVIRONMENTAL SUSTAINABILITY INFORMATION ASYMMETRY DIGITAL DIVIDE FOOD SYSTEM EQUITY INNOVATION ECOSYSTEM DIGITAL PLATFORM
spellingShingle	AGRICULTURE EFFICIENCY TRANSACTION COST DIGITAL TECHNOLOGY ENVIRONMENTAL SUSTAINABILITY INFORMATION ASYMMETRY DIGITAL DIVIDE FOOD SYSTEM EQUITY INNOVATION ECOSYSTEM DIGITAL PLATFORM Schroeder, Kateryna Lampietti, Julian Elabed, Ghada What's Cooking : Digital Transformation of the Agrifood System
relation	Agriculture and Food Series;
description	The digital agriculture revolution holds a promise to build an agriculture and food system that is efficient, environmentally sustainable, and equitable, one that can help deliver the Sustainable Development Goals. Unlike past technological revolutions in agriculture, which began on farms, the current revolution is being sparked at multiple points along the agrifood value chain. The change is driven by the ability to collect, use, and analyze massive amounts of machine-readable data about practically every aspect of the value chain, and by the emergence of digital platforms disrupting existing business models. All this allows for drastically reduced transaction costs and pervasive information asymmetries that plague the agrifood system. The success of the digital transformation, however, is not guaranteed as the risks it brings are numerous, including those related to data governance and inadequate competition within and between digital platforms. What’s Cooking: Digital Transformation of the Agrifood System investigates how digital technologies can accelerate the transformation of the agrifood system by increasing efficiency on the farm; improving farmers’ access to output, input, and financial markets; strengthening quality control and traceability; and improving the design and delivery of agriculture policies. It also identifies a key role for the public sector in maximizing the benefits of this process while minimizing its risks, through enabling an innovation ecosystem featuring open datasets, digital platforms, digital entrepreneurship, digital payment systems, and digital skills and encouraging equitable technology adoption.
format	Book
author	Schroeder, Kateryna Lampietti, Julian Elabed, Ghada
author_facet	Schroeder, Kateryna Lampietti, Julian Elabed, Ghada
author_sort	Schroeder, Kateryna
title	What's Cooking : Digital Transformation of the Agrifood System
title_short	What's Cooking : Digital Transformation of the Agrifood System
title_full	What's Cooking : Digital Transformation of the Agrifood System
title_fullStr	What's Cooking : Digital Transformation of the Agrifood System
title_full_unstemmed	What's Cooking : Digital Transformation of the Agrifood System
title_sort	what's cooking : digital transformation of the agrifood system
publisher	Washington, DC: World Bank
publishDate	2021
url	http://documents.worldbank.org/curated/en/417641615957226621/Whats-Cooking-Digital-Transformation-of-the-Agrifood-System http://hdl.handle.net/10986/35216
_version_	1764482570300424192

What's Cooking : Digital Transformation of the Agrifood System

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