Where is the money in geospatial industry?

Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate.

The world is changing. The next wave of Industrial Revolution, also known as the Second Machine Age, is fundamentally changing each and every aspect of our life. It is the power of the World Wide Web and the onset of smartphones that has unleashed a movement which is rapidly destroying the old models. Smart machines can now deliver a pizza on our dinner plates, turn on the AC at our residence as we start off from the office in a driverless car, plough our fields, work out the insurance for us, prepare our business reports and even fly our planes.

All over the world, governments, public institutions and businesses are finding it extremely difficult to keep up with these disruptive innovations. Old school businesses of many years, run by established leaders of many years of experience, are disappearing in a flash, even as new age innovators take the world by storm. And like all industries across the world, the world of geospatial is shaken and stirred.

The ground has never been more fertile

Interestingly, if growth drivers are to be considered, the geospatial industry couldn’t have had it better. The continuing global economic uncertainty has brought an increased focus on productivity. While companies and governments are battening down the hatches, dramatically reducing staff and spending, there are others looking at how they can use the time of uncertainty to advance their business. “For those people, productivity is more important than ever,” emphasizes Chris Gibson, Vice President, Trimble.