Page 131 - Are You Future Ready?

Chapter Two - Right Timing

and SMEs can generate new information to develop more
innovative solutions to relevant issues. Given the knock-

on effects, the U.K. government estimated that the value
of the British digital economy can reach £11 billion (about
HK$104 billion) per year.

These geospatial data, which contain details of terrain,
building heights, land use, green space, as well as the
network of highways, water courses and foot / cycle paths,
will certainly be made available for public access via an

API. Ordnance Survey indicated that the real estate sector 129
can make good use of open geospatial data to identify
undeveloped land.

Once again, the U.K. has cemented its position as the
global innovation hub which will undoubtedly become
a magnet for talent. In Hong Kong, we have financial
strength, resources and experience, together with the open

data initiatives from the government. Therefore, we must
take action proactively and as soon as possible to spot
and grasp the opportunities.