Page 188 - Are You Future Ready?
P. 188
A British consulting firm, Oxera, tried to quantify the
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industry’s impact on consumer welfare and the worldwide
economy in 2013. Ranging from the lifesaving effects of
faster emergency responses, to the billions of dollars and
hours saved on travel, as well as the far-reaching impact
on jobs and business efficiencies, including digital maps
and satellite imagery per year, the agency estimated that
geospatial data generated up to USD270 billion (about
HK$2,119 billion) in global revenue each year. The figure
was expected to grow by 30 percent annually.
The latest estimates went up to USD400 billion (about
