Overview
Agricultural producers and smaller buyers and sellers of agricultural commodities need to be able to make informed decisions in order to plan their business.
To do this, they would need to analyse data from a variety of sources on a regular basis. Currently, however, there is no feasible way for them to process the flood of data, which also varies greatly in quality and often comes from intransparent ecosystems. This makes it difficult to determine the origin, accuracy and timeliness of the data.
Today, only corporations and large companies can compile and use this data to gain fact-based information.
Although contextual data exists, for example in publications of new regulations, in annual reports of large companies or in social networks, small and medium-sized customers do not have the necessary resources and skills to benefit from these sources, especially since they are often not even aware of their existence.
To address this market need, DEMETER is developing a natural language processing (NLP) platform that will automatically process and analyse text from the various sources to provide transparent, accurate and timely knowledge about key agricultural markets in a cost-effective and scalable manner.
Integrated into the platform will be a trust tool that monitors and evaluates the reliability of the knowledge gained from the data and adjusts the NLP parameters as needed.
The platform will provide clients with the ability to obtain up-to-date, fact-based and high-quality knowledge, enabling them to quickly grasp and understand market needs and movements.
This will enable clients to make their decisions based on high-quality market insights and a better understanding of the market.
One of the biggest challenges is to deal with the heterogeneous, often untrustworthy data sources as well as the domain-specific agricultural content. The approach taken in the project is based on the latest state-of-the-art transformer technologies, which extract the interesting information from unstructured text data and generate up-to-date and valuable knowledge about agricultural markets.
By presenting the relevant content in a comprehensible way, the platform will improve the range of services offered by the implementation partner AgFlow to existing customers and open up new customer segments (agricultural producers / primary processing chain).
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