Digital transformation is at the core of many innovative technology solutions, which have helped organizations to improve their efficiency and productivity to a large extent. The geospatial technology has helped many industries to add accuracy to a position, context to mass data collection, and attributes to a project model.
The technological advancements have heightened the demand for geospatial data and geo-enabled devices with the increase in computational power and connectivity. According to a report by GeoBuiz, the market for geospatial solutions is expected to grow an estimated 13.6 percent through 2020, which is significantly higher than the growth rate of 11.5 percent from 2013-2017. Many geospatial companies are striving to make advances in their technology offering to provide more efficient and insightful solutions and services to their customers. Many innovative solutions like sensor fusion, autonomous vehicles, mixed reality, big data analytics, as-a-service business model and 3D modeling/BIM are responsible to disrupt the traditional solutions and services. Here is a brief analysis of the effects of these innovations:
Sensor Fusion: Sensor fusion offers a definitive edge in product development by combining multiple sensor types and technologies to maximize their combined strengths. The combination also helps to minimize the individual weaknesses in a component, resulting in improved efficiency. Many companies are trying to include more IMUs, GNSS, many other emerging technologies like Solid State LiDAR and SLAM processing to combine various geospatial data capturing procedures into one seamless process.
Data-Driven Decisions: Many companies across industries have put various data collection processes into effect in the last decade. Geospatial professionals are using this data in different meaningful ways to improve their efficiency. Companies are trying to adopt a single platform for all geospatial data, which will bring all disparate data to a single department, and enable field-to-finish with confidence.
The relevance of geospatial information is expected to grow with the evolution of technology. Geospatial companies are integrating various techniques to provide a single solution for a seamless and streamlined process.