The world’s population gets bigger by the minute. How do we possibly keep track of it all?
It’s not a tall order when you consider the power of today’s technology. Satellites roam the earth on a constant basis, picking up incredible amounts of data in a matter of seconds, and can be relied upon at almost all times. Geospatial data analysis software makes sense of all the numbers and pictures, allowing us to apply it intelligently to several industries. In a short, now’s never been a better time to incorporate location intelligence into your routine. Whether you’re trying to figure out a potential deficit or just want to know more about the world you live in, location intelligence solutions is how the impossible becomes possible.
Let’s take a look at just a few of the functions that geospatial data supports.
Reporting Changes In Different Demographics
To reiterate, keeping track of major and minor details in a massive population is no walk in the park. It’s actually not possible for the human brain to keep track of an exponential figure, which is where we lean on technology to pick up the slack. Changes in different demographics, and the changes that could pose for different industries, is one useful function of geospatial data analysis. A recent report provided by MarketsandMarkets found the geospatial data analysis market will grow from $25 billion in 2015 to $70 billion once 2020 comes around.
Keeping Track Of The World’s Population
Not only can shifts in demographics be tracked, the population as a whole can be counted to the closest possible figure. Thanks to geospatial data it’s been found the world’s population will grow by 50% in the next four decades, reaching a record high of nine billion. Today there are always at least 24 active GPS satellites circling the Earth, though this number can sometimes inch closer to 30. Every GPS satellite will move around the world every 12 hours, traveling at 12,500 miles at 7,000 miles per hour.
Supporting Industries As They Develop
Did you know location intelligence companies can make sure industries stay afloat, even in the face of the unknown? Being able to track numbers, details, and statistics as they come is vital for industries to flourish. By the time 2030 arrives, for example, every 100 workers in Europe will have to support 40 people over the age of 65. Compare this to a few decades prior, in which that number was closer to 25 pensioners per 100 people. With lives on the line and jobs that need to be filled, geospatial analysis software makes sure nobody is out in the cold.
Predicting The Job Market’s Growth
Just like geospatial data can help figure out where the world is moving, so too can it also pave the way for jobs. This includes general jobs in industries that are experiencing deficits as well as jobs specifically related to spatial analysis. A global business survey provided by Dresner Advisory Services found half of all respondents stating location intelligence to be vital to their business planning. Gartner has recently revealed as many as four and a half million big data jobs will be available over the next few years, though a mere one-third of them will actually be filled.
Improving How You And Your Business Navigate The World
Your business can benefit greatly from using geospatial mapping. A term you’ll want to know is ‘The Internet Of Things’, used to describe devices other than computers being connected to the Internet. This means more people are going to be interconnected than ever, giving you more digital marketing opportunities to enjoy. A recent report found the geospatial industry is going to generate nearly $75 billion in revenue and continue climbing as both businesses and establishments become familiar with the benefits of using location intelligence in everyday life.
We’re not superheroes. We need help to achieve great things and geospatial data is just one way of doing it.