Have you ever wondered what is location intelligence and spatial data analysis? If so, then you are someone that is currently thinking about the future of technology and data. As a matter of fact, location intelligence solutions is already a technology used across the country much to the surprise of many Americans.
Anyone that uses the GPS technology in their phone or car is using location intelligence solutions. This a way to provide people with data and information on their location in relation to other locations. Therefore, it is something used each and every day across the country. Here are all of the facts on this type of technology and more:
Local Intelligence Solutions Is A Growing Market
The industry for location intelligence solutions is not just strong right now but data shows it is really going to grow. In the year 2011, the geospatial industry managed to create over $70 billion in revenue. Also, it helped generate over $1 trillion in revenue for the rest of the economy throughout the country as well. Therefore, it is wise for the United States to invest some money in creating premier geospatial products and more!
Geospatial analysis software is slowly but changing the world. MarketsandMarket is a company that works to gather data on industries to create projects for the future. They projected that this industry would grow from $27 billion in 2015 to nearly $72 billion by the year 2020. This means that this market has a compound annual growth rate, or CAGR, of nearly 21%! So this industry is going to reach some impressive heights!
Local Intelligent Solutions Is Used By Many Citizens
As previously mentioned, GPS products are a premier creation from the location intelligence solutions industry. A GPS receiver can create the current time within 100 billionths of a second. If this is the type of technology created by this industry right now, imagine what this industry can create a few years from now using new technological developments and more!
Each GPS satellite goes around the world once every 12 hours. The satellites travel 12,500 miles above us at roughly 7,000 miles per hour. These GPS satellites are used by people who are getting from one location to another. However, they also serve a serious purpose for the government and the military as well. Therefore, location intelligence solutions have layers of importance for so many different people and more.
Research company Gartner suggests that there will be 4.4 million big data jobs available in the next two years and that only a third of them will be successfully filled. This is not good and as a matter of fact, it could spell a serious disaster for this industry and the products that it creates. Therefore, it could lead to a serious problem for all of the people who use GPS services.
Every single year, the United States needs to take a serious step forward in training people for high-end skilled jobs. That way, we can have technicians and engineers that work with big data to help produce the best results for the world’s technology. As a result, it will benefit not just Americans, but the entire globe.
Between 2012 and 2022, the United States Bureau of Labor Statistics anticipates steady growth in jobs that require familiarity with GIS and location intelligence, including geographers at 29%, cartographers and photogrammetrists, at 20%, and surveying and mapping technicians, at 14%. These types of jobs should be encouraged to those younger in age to help spur interests that can help better society as a whole.
In Conclusion
Year after year, technology continues to develop, grow, and change. As a result, society continues to grow, change, and develop as well. So we wil have to adapt to technology by ensuring that we have professionals that can work on this technology and more. That way, our society can continue to grow right alongside the impressive technology we use.
