Page 189 - Are You Future Ready?

Chapter Three - Right Place

HK3,139 billion), according to research conducted by an
Australian firm AlphaBeta in 2017. The study was based on

consumer surveys from across 22 countries in six regions
and employed a big data analysis of online job postings
and other analytics. The report also mentioned that the
total economic contribution of geospatial data should be

several times higher, “as geospatial services have a myriad
of other positive effects for society and the environment.”

Estimating global value by combining data from multiple

sources is certainly not a precise science. However, the 187
above figures clearly show that geospatial data is expected
to greatly enable the advancement of the economy and
improve our living standards.

Other countries optimise the value of
geospatial data

In fact, many countries like the United States, Japan,

Australia, India and Canada all appreciate the strategic
value of geospatial data, and have well-developed policies,
laws, standards, and dedicated departments to manage