Page 187 - Are You Future Ready?

Chapter Three - Right Place

3.4
Dedicated

department needed

for geospatial policy

From searching for the shortest route to destinations,
helping co-ordinate search and rescue operations, locating
a lost child or the elderly, to tracking the real-time location

of buses and facilitating future autonomous vehicles, 185
geospatial data or location-based services have played an
essential role in our daily lives, businesses and society as
a whole.

But what economic value does this kind of data bring?
The Australian government estimated how geospatial
data can generate up to Aus$73 billion (approx. HK$430

billion) benefit to the country by 2030. Improvements in
precision navigation (down to 2–5 cm accuracy) can enable
innovation and efficiency across a range of activities,
including agriculture, transport, emergency management,

mining, engineering, and logistics.