Like many other distinguished guests and industry experts, Chaitanya Kumar, IndustryARC’s CEO, will be addressing a gathering at the Geospatial World Forum in Hyderabad on 23rd– 25th January, 2017. The main topic on the agenda would be “Geospatial + Deep Learning: Shaping Smarter World”.
The Geospatial World Forum is primed to be the ideal moment to take a peek at the future of the geospatial industry and its integration with artificial intelligence as well as deep learning which is expected to result in cutting-edge actionable insights for a wiser world. Within the overall objective, IndustryARC’s research is set to focus on the impact of location intelligence on retail SME’s and offline stores.
Location intelligence can be described as the process of utilization of geospatial data to derive insights in an effort to solve a certain set of problems. The integration of GIS mapping software (Geographic Information System) with business intelligence tools is rapidly turning into a vital success strategy for businesses as well as the larger society in general. The moment that really kicked off the Location Intelligence & Location Analytics Market was the development of vector data sets.
Location analytics, derived from mobile location analytics and other mapping software, enables business intelligence software and location intelligence experts to gather and analyze. Data visualization forms a critical component within the functions of location analytics companies. The Location Intelligence & Location Analytics Market expects deeper integration with big data analysis to be the next logical step in the evolution of location intelligence.
Business intelligence solutions have found it necessary for the services of the Location Intelligence & Location Analytics Market in a wide variety of areas. Mapping software and subsequent data visualization have aided the insurance industry in making sound decisions regarding data fraud and risk assessment. The Mayor of New York City, Bill de Blasio, recently launched a cutting edge location intelligence dashboard to help city agencies in making smarter choices when it comes to organization of transportation resources. Hence, the Location Intelligence & Location Analytics Market has created a foothold in the public and private sectors for itself.
Currently, the Location Intelligence & Location Analytics Market is being dominated by demand emanating from North America. This significant demand is due to rising adoption of location analytics by the retail and consumer industries to augment their efforts for improved decision making. But the regions of Europe and Asia-Pacific are not lagging behind as the people from those regions are increasingly willing to integrate geographic data visualization tools into their core business decision making process.
The Majors Players in the Market Include
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- Real Time Location System (RTLS) Market: By Component (Tags, Software, Sensors) Technology (Passive RFID, Active RFID) Application in Tracking (Asset/Inventory, Vehicle/Fleet, Shipping Containers, Personnel, Patients) By Applications-Forecast(2015-2020).
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