India being a populous country and a fast growing economy, needs fast growth in the grain sector with increasing demand from an affluent population, and Prakshep's wheat production data demonstrates the same with 105 million tons of wheat production.
Prakshep is a private entity which uses intelligence 2.0, the method of understanding reality based on the complete picture. The company analyses 300 PB of medium satellite imagery, a technological first for India. The technology lets it achieve a combined view which demonstrates within the system the efficiencies of scale, cost and time.
Prakshep's survey covered 0.32 million sq. km. of production area. The production output was 124 million tons of produce. The actual output after losses was 105 million tons. This shows a significant increase in the production of wheat compared to last year's produce. The organization has given us the forecast almost 4 months before the actual production report. The report suggests an increase of more than 10% in the production of wheat in 2017.
Other organizations like GOL and USDA conduct survey based on Intelligence 1.0, which is a form of ground survey. It is largely based on disconnected approach. The survey cause high sampling error as the sample size is small overall. The survey is expensive costing Rs. 20,000 per sq. km.
Prakshep conducts a fully digital survey and is conducted through all the states. The organization rolls estimate every 9 days and the survey is very economical costing just Rs. 1 per sq. km. The survey is driven by network of metrics and satellite imagery, and uses zero ground force. The process ensures no loss of harvest and natural resources. Prakshep also analyze the price and the market situation. The Application areas of Prakshep incudes: prediction, monitoring, identification, comparison and providing the required support through schemes.
The significant growth in the quantity will be beneficial, considering the exports and market scenario. Top performing states in the survey were, Uttar Pradesh, Punjab, Haryana, Rajasthan and Madhya Pradesh. Prakshep's survey results are always within 1% of the government's advance estimate. The organization has always been the first to predict and quantify the result, using its advanced network of metrics and satellite imagery.
