Smart farming refers to the use of connected technology and artificial intelligence in the field of agriculture. It is also referred to as smart agriculture, agritech, agrotech, or even agro technology. However, the terms agritech and agrotech include the fields of horticulture and aquaculture.
Customer lifetime value (CLTV) is the expected profit that a single customer brings to a company over the course of their lifetime. CLTV represents a shift in emphasis from quarterly or annual profits to the long-term relationships with customers.