ICL will leverage leading capabilities from Amazon Web Services (AWS) to manage the data of its new open digital services platform
ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that it will work closely with AWS to accelerate the development of its open digital services platform designed to enhance the capabilities of agronomists and other agriculture professionals (agro professionals), driving farming improvement.
The platform will harness in-field, crowdsourced and academic data, as well as data contributed from leading global partners, to create new capabilities for agro-professionals, and the ability to quickly create actionable insights, empowered by data analytics. The development of the new digital services platform for agro-professionals will provide unique access to currently untapped data as well as actionable recommendations provided by insights and analytics. The platform is taking advantage of AWS advanced analytics and machine learning tools to unlock these agronomic insights and enable agronomists and other agro-professionals to extend better services to drive growth of crop yields and sustainability.
"Currently, there is a wealth of valuable agronomic data, which is not gathered, not widely accessible or unstructured, and therefore not practical for agronomists to leverage. One example is field trials, which are carried out by businesses, academic institutions and agro-professionals around the world, but only a tiny amount of this agronomic knowledge is actually accessible to all agro-professionals. With the help of AWS, our platform will provide unmatched access to these untapped sources of knowledge and will promote collaboration between agro-professionals, to allow improved farming, towards meeting global food and sustainability demands," said Raviv Zoller, ICL President & CEO.
Mr. Zoller added, "Unlike other digital solutions currently being developed in the market, our approach is to enhance the capabilities of agronomists and other agro-professionals, thereby creating significant additional value for meeting current challenges of farming, by providing insights and tools to increase crop yields. We focus on enhancing data for the experts driving the professional farming decision making. By choosing this path, we believe digital solutions will be adopted faster and more efficiently by the agricultural community."
"AWS is excited to support such a vital initiative that will impact the agriculture industry and its ability to improve crop yields. ICL's capability to perform thousands of in-field tests, capture crop data, and perform analysis on the results while using AWS technologies will impact and improve global agriculture", said Cameron Holbrook, Head WW BizDev, AgTech at Amazon Web Services.
AWS services will extract data from internal ICL sources and external sources by using AWS machine learning solutions. Agro professionals will be able to analyze and query the data using advanced AI analytics tools, including AWS-powered data lakes which can handle the scale, agility, and flexibility required to combine different types of data and analytics approaches. For example, this will allow agro professionals to gain deeper insights, to predict the effect of inputs on crops, while weighting different scenarios of humidity, temperatures and type of soil.
ICL is a global specialty minerals and chemicals company operating bromine, potash and phosphate mineral value chains in a unique, integrated business model. ICL extracts raw materials from well-positioned mineral assets and utilizes technology and industrial know-how to add value for customers in key agricultural and industrial markets worldwide. ICL focuses on strengthening leadership positions in all of its core value chains. It also plans to strengthen and diversify its offerings of innovative agro solutions by leveraging ICL's existing capabilities and agronomic know-how, as well as the Israeli technological ecosystem. ICL's operations are divided into four business divisions: Industrial Products (bromine value chain and complementary business); Potash; Phosphate Solutions (P2O5 Chain); and Innovative Agro Solutions. ICL's shares are dual-listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE: ICL) (TASE: ICL). The company employs over 11,000 people worldwide, and its 2018 revenues totaled $5.6 billion.
For more information, please visit the Company's website at www.icl-group.com.