Farm data is expected to be a $20–$25 billion revenue opportunity, but we haven’t yet determined how the data can be collected, structured, stored and shared, let alone monetized.
One can know that a system can be improved by a certain amount without knowing who will pay for it; knowing how much it can be improved and how expensive it currently is, is enough to place an upper bound on how much someone would pay to improve it.
Comments
For crying out loud...
That was really funny to read. "We have no idea how money will be made off this data, but it's going to be around $20-25 billion/year" rofl
Silicon Valley = Pied Piper :)
To be fair the potential for reduced bandwidth usage by Pied Piper users could add up to billions of dollars alone.
One can know that a system can be improved by a certain amount without knowing who will pay for it; knowing how much it can be improved and how expensive it currently is, is enough to place an upper bound on how much someone would pay to improve it.
Once again, Silicon Valley the real place is better satire than Silicon Valley the TV show.