Technology solutions can help us build more resilient processes and organizations. And resiliency is key in times of an economic downturn.
The volume of data that geospatial imagery and sensors generate is too extensive for humans alone to process; therefore, the importance of scalable computing, Machine Learning and AI for the geospatial analytics industry is immense. It is essential not only in processing and interrogating vast amounts of data, but also in generating impactful insights.
Zooming out and looking at the larger geospatial analytics industry, these same digitalization tools are helping turn data into insights for customers in widely disparate industries. These tools allow us to leverage data to transform industries and make better decisions. Companies are realizing the power of imagery when paired with AI and starting to leverage geospatial technologies at an unprecedented rate.
Regulations and 5G
The geospatial analytics industry is global by design, which means that you have to be able to operate within the regulatory constraints of many disparate frameworks. Finding a balance between the possibilities of technology innovation and the realities of regulation is always a challenge.
Also Read: How we monitor Earth
5G is exciting for many reasons, including location. I think the most overlooked benefit will be in its ability to provide the geospatial analytics industry with faster data download and upload speeds, enabling for a tighter integration of the large plethora of data layers that are constantly being collected, analyzed and synthesized into insights.
Companies should strive to be good global citizens and to operate with transparency within all the regulatory frameworks that exist around the world. They also need to ask how they can leverage innovation to help improve these frameworks to address the challenges arising from new technological possibilities. Customers find it difficult to bestow trust on companies that either conceal their true objectives or end up departing from their stated roadmap. We have never played those kinds of games. We are upfront about our innovations, and continually share when we have made progress towards achieving these goals.
Technology solutions can and should help to build more resilient processes and organizations. And resiliency is key in times of economic downturn.
When you are trying to do something that is difficult and others consider impossible, you end up finding new ways of doing things. That’s all there is to innovation. We invest in pushing the possibilities of geospatial and satellite technology to help solve some of the world’s most pressing problems.
Also Read: Investment in innovation at core of business