30 September 2020

Leveraging data for farmer growth

Data has been at LIC’s core since 1909 but new technology has opened up new ways to leverage important insights and information and create better outcomes for our farmers.

As our CIO Andrea Black says, “LIC has a long history and a lot of valuable information in our animal database that drives many of the decisions that we make. From animal health history, to calving, to pasture data, in today’s farming environment, being able to access the information you need, when you need it, is critical to productivity and profitability.”

Andrea Black

Andrea Black, LIC CIO (pictured above)

Black says LIC is going through a data-driven transformation including leveraging technology from Amazon Web Services (AWS) to speed up data processing capabilities while enabling the cooperative to provide a broader range of data services for farmers.

Black also recently took part in a panel discussion on the growth in data and its opportunities following a report commissioned by AWS and prepared by Deloitte Access Economics 2020, Demystifying Data.

The report showed respondents generally had a low confidence in their data abilities with 60 per cent reporting they had only a basic or beginner level of maturity. However, the report also found that even a one-point increase in data maturity could translate to additional revenue of $1.6 million. .

The panel discussion Andrea took part in was covered by a number of media including Computerworld and highlights LIC’s effective data strategy and how we’re less constrained than others with legacy systems.

LIC has separately ranked sixth on the TIN200 companies list for several years, and was proud to be the top exporter in the Biotech sector in 2019 thanks to our ‘start-up culture’ mindset and broadening access to new data sets to meet future needs and challenges.

Read the full article from Computerworld in this PDF. You can also view the full New Zealand Agritech Insights Report 2020.