Thriving businesses are always inclined to venture into new domains, experiment, innovate and excel. Experimentation and Innovation are synonyms of a successful enterprise. Keeping in mind the evolving scenario in terms of ways of doing business, technology influx, unprecedented situations like the COVID-19, a business which has the capacity to quickly evolve with the changing times is only able to succeed in these volatile times.
One more thing which has proved true with greater force in these challenging times is that collaboration is the key to a safer, stronger world. Business entities need to harness each other’s strength and work towards building an ecosystem that propels sustainable development.
Partnerships have been an integral part of the business world since a long time and their relevance in the days when we are looking towards creating stronger collaborative ecosystems has significantly increased. A crucial benefit of a business partnership is that the individual services provided by the companies reach a wider audience, thereby making a larger part of the population benefit from the same.
For instance, the recent partnership of Velodyne Lidar, a company which provides smart, powerful lidar solutions for autonomy and driver assistance, with Outsight, a leading innovator in Smart Cities monitoring is apt to enable businesses and governments improve the analysis and management of flow of people and assets in large crowded environments. Another such important partnership that has been tremendously aiding the geospatial industry to find answers to crucial problems using satellite imagery is that of Earth-i and Planet.
Partnerships help in democratizing access and the recent confluence of Facebook and Mapillary is another such great example. Together with Facebook, Mapillary looks forward to building the tools that will keep its maps detailed, accurate and up to date – for everyone, everywhere.
Inclined to bring the world closer, Facebook is investing in tools and technology which can improve maps through a combination of machine learning, satellite imagery and partnerships with mapping communities. These maps power products like Facebook Marketplace that drive transactions for millions of small businesses, and supply vital data to humanitarian organizations around the world.
By joining hands with Facebook, Mapillary aims to further improve the ways in which people and machines can work with both aerial and street-level imagery to produce map data. Joining Facebook moves Mapillary closer to its vision of building a global street-level imagery platform that allows everyone to get the imagery and data they need to make better maps.