Page 197 - Are You Future Ready?

Chapter Three - Right Place

to the public, people had to pay to obtain the data, which
accumulated to £150 million (HK$1.5 billion) in the previous

year.

Spatial data helps spur an £11 billion new
economy

However, the British government has long recognised

that the potential of geographic information for economic
development is far more than the fee collected. The
Chairman of Ordnance Survey expected that these spatial
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data will generate up to £6 billion (HK$ 60 billion) in the

next 10 years. The new policy will bring an annual benefit
of £130 million (HK$1.3 billion) to the U.K. economy.
SMEs and startups can directly use these data, as well
as combine them with other public data to generate new

information and thus promote innovation. With this chain
reaction, it is believed that the overall digital economy of
the U.K. will be raised to £11 billion (HK$110 billion) per
year.

In addition, the Geospatial Commission promotes the
development of spatial information for use by the public,