Market growth strategies for sustainable smart farm: A correlation and causal relationship approach

Abstract

Smart farms are integral to agriculture, evolving with technology while increasing energy consumption. Addressing issues like data scarcity is vital for smart farm-market growth. This study identified these issues and conducted an analysis of both correlation and causal relationship. Additionally, it created a growth strategy roadmap for the smart farm-market, tailored to stakeholders. To achieve carbon neutrality, government support, energy self-sufficiency tech, and energy reduction efforts are essential. These findings offer valuable guidance for policy formulation and operational planning, aiding the promotion of smart farm-market growth with sustainability in mind. In summary, smart farms are evolving alongside technology but face energy challenges, data issues, and the need for supportive policies and sustainable practices, all of which this study addresses to foster growth.

Keywords

• Smart farm
• Energy consumption
• Sustainability
• Correlation
• Causal relationship