2 minute read
PV Rai
LEADERS' OUTLOOK
ANNUAL EDITION / JANUARY-FEBRUARY 2022
Geospatial Data is Crucial for Future Innovations and Decision-Making
BY PV RAI
Managing Director, Pixel Softek
Location data is vital for businesses. The proliferation of smartphone usage is driving the location-based services market. Spatial data and digital mapping are playing a pivotal role in logistics, food delivery, and other app-based business functions like transportation and mobility.
Further, when it comes to emergency response in the event of floods, firestorms, hurricanes or any other natural calamities, real-time information such as geospatial/location data plays a vital role.
With advancements in technology, many industries are willing to adopt new systems to improve their efficiency. As a result, the Fast-Moving Consumer Goods (FMCG) and e-commerce sectors are expected to see significant growth. The healthcare sector too will witness a transformation, with a growing number of Internet of Things (IoT) applications, devised with healthcare requirements in mind, contributing to market growth. Future technologies Pixel Softek strongly believes that most services and analytics will be concentrated around geospatial data in the future, as it is the key to sustainable development.
Innovations in geospatial data analytics will be the industry driver contributing to achieving the Sustainable Development Goals (SDGs).
Artificial intelligence (AI) and machine learning (ML) are certainly game changers. Many innovators are focusing on these technologies to help solve practical industry problems. This will enable the industry and end users to access technology at a lower cost, without the need to invest in resources to build geospatial datasets for analysis.
Geospatial data and technologies are also crucial for effective planning and design of 5G networks. Once built, 5G networks will help connect millions of people living in urban areas and connect devices to implement IoT, AI, cloud computing and Big Data analytics. These technologies will not only strengthen geospatial solutions but substantially enhance response times in the connected world.
Decision-making and empowerment Geospatial technologies provide a visual platform to study the possible impact of various decisions and enable users to make informed decisions. Pixel Softek wants to be a key player in offering customized/configurable solutions using AI, ML and data analytics to make informed decisions, optimize resource utilization, and enhance productivity in the farming, infrastructure, and utility sectors.
Rural empowerment is vital for sustainable development. We have a dedicated Geospatial Rural Infrastructure Information System that focuses on the deployment of geospatial technologies in rural habitats. We also do a functionality analysis of infrastructure, which addresses the rural ecosystem in terms of crops and natural resources’ endowments and exploitation. The farm holding data, along with the integrated resource variation, enable the farming community to devise suitable practices to reap the best harvest for increased production.
