EOS Data Analytics (EOSDA), a global provider of AI-powered satellite imagery analytics, has partnered with Geosat, a Colombia-based company in geographic information systems, to help it deliver its solutions to The Food and Agriculture Organization (FAO) of the United Nations and accelerate the adoption of agritech solutions in Latin America.
With the help of EOS Data Analytics and the white label version of its EOSDA Crop Monitoring platform, Geosat has already built the Geobristol platform bringing the benefits of satellite data analytics to farmers in the Medellín area in Colombia and aims to expand its operations throughout the larger Latin America region.
The agriculture sector in Colombia and Latin America is at a critical juncture, as it strives for sustainable growth and increased competitiveness amidst the challenges of climate change and resource scarcity. As agricultural lands comprise 43.5% of Colombia’s territory, the industry’s success is of paramount importance to the nation’s economy and food security.
With the Colombian agriculture market projected to grow at a CAGR of 7% between 2023 and 2028, it is imperative to focus on strategic investments that can drive sustainable development and bolster the sector’s resilience. In this context, affordable and easy-to-use satellite data analytics solutions turn out to be transformative for the agriculture sector in Colombia and the wider Latin American region.
The strategic partnership between EOS Data Analytics and Geosat aims to significantly improve the agriculture industry in Colombia and Latin America. By leveraging the combined expertise of both companies, as well as The Food and Agriculture Organization, they aim to expand their reach across Latin America, enhance customer satisfaction, and unlock new opportunities for sustainable agricultural growth. This strategic alliance underscores their commitment to fostering innovation, driving efficiency, and ensuring the long-term success of the agricultural sector in the region.
“Our collaboration with Geosat enables us to bring our cutting-edge technologies to the untapped markets of Latin America, paving the way for increased market share and accelerated growth. With Geosat’s expertise and intimate understanding of Colombia, we make another step in making space tech a global driver of sustainability on Earth by expediting the deployment of our solutions and jointly delivering unparalleled value to beneficiaries such as the FAO,” says Brijesh Thoppil, Strategic Partnerships Lead at EOS Data Analytics.
Within a project run together with the UN’s Food and Agriculture Organization, Geosat will use the white label version of the EOSDA Crop Monitoring platform for its Geobristol project to digitize farming in the Medellín area, where 2,800 small-scale farmers currently reside. The goal of this collaboration is to understand the social and economic dynamics of local farmers and the impact of their agricultural activities on the city’s food supply.
By using remote sensing technologies powered by EOS Data Analytics, Geosat and the FAO aim to promote sustainable agriculture, enhance productivity, and improve food security in the city of Medellin, while empowering local farmers with cutting-edge technology and valuable insights.
On a larger scale, the Colombian government’s commitment to reducing greenhouse gas emissions by 20% by 2030, as well as the pressing need to address sustainability concerns related to biodiversity, water use, and deforestation, highlights the importance of harnessing satellite technology to monitor and optimize land and resource use.
As an exclusive EOSDA partner and major GIS software provider in the region, Geosat aims to become a leading agtech company in Colombia and Latin America by working with governments, big industry players, and landowners.
“At Geosat, our partnership with EOSDA represents more than just a collaboration; it’s a shared commitment to harnessing cutting-edge satellite imagery technology to revolutionize agriculture and forest management in Latin America. By fusing our geospatial expertise with EOSDA’s innovations, we’re empowering clients to make a lasting impact on their communities, fueling sustainable growth and nurturing a greener future. Together, we’re sowing the seeds of change and cultivating a legacy of progress in GIS and remote sensing across the region,” adds Daniel Felipe Marulanda, CTO at Geosat.
EOS Data Analytics is dedicated to reshaping the agricultural landscape in Latin America by facilitating the adoption of precision agriculture practices among farmers. Since the collaboration between EOSDA and Geosat brings forth innovative solutions tailored to local needs, it will not only contribute to improved productivity and resource management but also support the pursuit of the United Nations’ sustainability goals and ultimately help the region’s agricultural sector thrive, ensuring food security and environmental stewardship for generations to come.