We’re a month into 2016 and it already looks like we’re seeing good things ahead for the geo-services industry. In 2014, the market was valued at £99bn and is set to rise to £170bn by 2020. Geospatially, human IoT encompasses pervasive and interactive emerging applications like location-based services, wearables, health and fitness, indoor positioning, augmented reality, amongst others that heighten consumer engagement. At the Geovation Hub, we’re surrounded, mainly by location-based start-ups, that are combining technology and innovation to make their ideas become a reality. And we believe that location is everywhere, because we’ve got the proof. It’s on trains, it’s in farms, it’s flying with drones and the list just goes on… after doing some research into the geo-services industry, I’ve combined a list of five trends that professionals working in the industry think we’ll be seeing in 2016!
Open Data: Governmental institutions, but also corporates will share their digital treasures and allow for a plethora of new applications that can help addressing today’s challenges. Good examples are Copernicus, Deutsche Bahn, the city of Berlin and Esri’s Urban Oservatory.
Innovation through startups: Startups will continue to push innovation into the geospatial industry. They will play an increasingly important role and the industry will start to embrace that trend. Just like the ones here at our Hub!
Connectivity: New technology will provide data that will help better connect people, places, other technologies, ideas, innovation and almost ‘everything.’ It’s just a matter of time before there’s not much that we can’t do with technology! People will also have the tools to solve live problems, better and faster.
Big Data and location intelligence: The amount of data that is generated and available is growing rapidly. But organizations are only beginning to make use of it. Machine learning will help to understand and predict the dynamics of phenomena like traffic jams, elections and earthquakes. GIS will support that with the necessary geodata and spatial algorithms.
Spatial context for the Internet of Things: The Internet-of-Things will continue to evolve this year. Wearables and smart home devices are emerging, but B2B applications are still rare. It will be a key challenge to build up a spatial context and will play a key role, especially when it comes down to filtering out the relevant data and extracting meaningful information.