Core Insights - Bayer has been awarded "AI-based AgTech Solution of the Year" for its E.L.Y. system at the 5th annual AgTech Breakthrough Awards [1][8] Company Overview - E.L.Y. utilizes generative AI to provide sales teams and agronomists in the U.S. with tailored insights, improving response times to customer inquiries by 60% and saving employees up to four hours a week [2][3] - The system is cloud-based and accessible via mobile and web, allowing for natural-language queries and enhancing farmers' outcomes through timely responses [3][4] - E.L.Y. is built on a large language model that integrates Bayer's agronomic data, field trial results, and product guidance, delivering context-aware responses [4][5] Industry Context - The AgTech sector is evolving rapidly, focusing on AI-driven analytics, precision farming, and sustainable solutions, which enhance efficiency and environmental responsibility [7][8] - The AgTech Breakthrough Awards aim to recognize innovators in the industry, promoting continued innovation and a smarter, more sustainable agricultural future [8][10] - E.L.Y. addresses the challenges faced by global agriculture by translating complex agronomic knowledge into actionable guidance, supporting better decision-making in the field [9]

Core Insights - EY US and Bayer's Crop Science division won the "AI for Good Award" for their collaboration on the GenAI solution E.L.Y, aimed at enhancing agronomic knowledge delivery to farmers [1][5][6] - The E.L.Y system utilizes a large language model built on Microsoft Azure AI Foundry, integrating decades of Bayer's agronomy content to provide accurate responses to complex queries from farmers [2][3] Company Overview - EY is focused on building a better working world through innovation and technology, helping clients address pressing issues and create new value [9][10] - Bayer operates in the life sciences sector, emphasizing health care and nutrition, with a mission to address global challenges related to population growth and aging [12] Technology and Innovation - The E.L.Y solution employs Retrieval Augmented Generation (RAG) to dynamically retrieve relevant information, ensuring real-time, accurate responses to agronomy-related inquiries [4] - The system is designed to empower agronomic advisors and improve the customer experience for farmers, contributing to increased food security [5][6] Market Recognition - The AI Breakthrough Awards program received over 5,000 nominations from more than 20 countries, highlighting the significant growth and global importance of AI technologies [5][6]