Successful CIOs, CTOs & executives from Forbes Technology Council offer firsthand insights on tech & business.
By incorporating geographic details—including latitude and longitude, social and physical attributes, and spatial relationships—about locations, geospatial data adds an extra dimension to the information industries and social agencies rely on for decision-making. Consider the location data embedded in photos taken by smart devices. These details add to our knowledge and understanding of an image by precisely recording “where” along with “what” and “who.
One opportunity for technological innovation and impact enabled by geospatial data is optimizing supply chain logistics. Technology leaders can leverage real-time location data to enhance route planning, reduce fuel consumption and improve delivery times. By integrating geospatial analytics, decision-makers can streamline operations, cut costs and boost customer satisfaction. -
Geospatial data enhances urban parking systems through monitoring real-time parking availability, enabling dynamic pricing, optimizing traffic flows and empowering smart, efficient infrastructure planning. It also aids in incident management and disaster preparedness. Technology leaders can capitalize on this by investing in geospatial technology, integrating systems, collaborating with urban planners and promoting data-driven decisions.
Geospatial data can help businesses with governance, risk and compliance models. Geospatial data is essential to ensuring compliance with rules set by agencies such as the Office of Foreign Assets Control. With geospatial data and the technologies that rely on it, organizations can precisely identify and restrict access from and to sanctioned regions, thereby ensuring adherence to compliance requirements while mitigating cyber risks.
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