Key Takeaways:
- Ericsson and AgriBusiness Connect strengthen technology partnerships for 5G enterprise applications in agriculture.
- The partnership aims to enhance productivity and efficiency in the agriculture value chain using Ericsson’s 5G solutions.
- The collaboration targets innovation in Australian agribusiness, supporting digitalization, Net Zero, and renewable energy adoption.
- Educational initiatives and policy awareness programs about 5G benefits in agriculture are planned.
- The partnership could transform the global agribusiness value chain with pioneering 5G use cases.
Ericsson Enhancing Agribusiness with 5G Technology
Ericsson (NASDAQ: ERIC) (website), a global leader in communication technology, and Australian non-profit AgriBusiness Connect (website) have announced a strengthened partnership to explore potential 5G applications in agriculture. This collaboration is driven by the desire to revolutionize the agriculture value chain, from supply to production and distribution.
Memorandum of Understanding to Drive Innovation
Under a new Memorandum of Understanding (MOU), the partners aim to leverage the high-speed, low latency, and sizeable real-time data handling capabilities of Ericsson’s 5G solutions in both public and private networks. This initiative seeks to accelerate innovative productivity and efficiency solutions for agribusiness and related sectors, positioning Australia at the forefront of Industry 4.0 adoption.
AgriBusiness Connect’s Role in the Partnership
Founded in 2021 as AgriFood Connect and now known as AgriBusiness Connect (ABC), this incubator supports Australian agribusinesses in meeting digitalization, Net Zero, and renewable energy adoption challenges. AgriBusiness Connect aims to orchestrate solutions across the agribusiness value chain through this partnership, creating tangible pathways for applying 5G in business, decarbonization, safety, and skill development.
Broad Impact on the Agribusiness Ecosystem
The partnership will benefit direct agribusiness players and organizations involved in processing, packaging, warehousing, and transport. Educational initiatives and increasing policymakers’ awareness of 5G’s potential in agriculture are also key targets.
Statements from Key Stakeholders
Grant Statton, CEO of AgriBusiness Connect, emphasizes the importance of this partnership in driving innovation and ensuring technology meets the real needs of the industry. Emilio Romeo, Head of Ericsson in Australia and New Zealand, highlights Australia’s role as a frontrunner in technology adoption, particularly in the 5G rollout, and the transformative potential of this partnership for the global agribusiness value chain.
Ongoing Collaborations and Future Prospects
Ericsson’s ongoing collaboration with AgriBusiness Connect includes deploying a Private 5G system at the AgTech & Logistics Hub in the AATLIS precinct, Toowoomba, Queensland, in partnership with Telstra in 2022. The outcomes of this partnership could have far-reaching implications, not only for Australia’s agribusiness sector but also for the global agricultural industry.
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