Industries of The Primary Sector of the Economy

The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing and mining. The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries. Primary industry is the sector of the economy that extracts and processes natural resources. This can be compared to secondary industry that turns natural resources into finished products such as manufacturing and construction businesses. The following are the basic types of primary industry.

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Agriculture 4.0

Agriculture 4.0 is a term for the next big trends facing the industry, including a greater focus on precision agriculture, the internet of things (IoT) and the use of big data to drive greater business efficiencies in the face of rising populations and climate change.

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Farming 4.0

Smart farming (also known as Farming 4.0 and digital farming) is the application of information and data technologies for optimising complex farming systems and integration of smart agricultural technologies and modern data technologies.

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Mining 4.0

Mining 4.0 is the transfer of industry principles 4.0 into the mining industry. High data availability and analysis capabilities, along with artificial intelligence, simulation techniques and connectivity will have a major impact in mining productivity.

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