Page 194 - Are You Future Ready?

3.5
Opening geographic

data fosters the

new economy

In the 2019 Budget , Financial Secretary Paul Chan
earmarked $300 million for setting up the one-stop data
supermarket or a common spatial data infrastructure (CSDI).

192 This is really encouraging.

Over the past decade, the importance of location data for
businesses and governments around the globe has grown

significantly, with the latest estimates putting the global
market for geographical information in excess of USD13
billion (HK$101 billion) by 2025. Many countries around the
world value geospatial information. The United Kingdom

proclaims to be the global leader in this area. I think
the claim is valid with its recent establishment of a new
department.