“There are certain areas where NeoGeo is pushing the boundaries. One of them is continuously investing in research and development to stay at the forefront of emerging technologies such as AI, ML, Blockchain, and edge computing”, says Sreeramam GV, Founder & CEO, NeoGeo Info in an interview with Geospatial World.
The NewSpace sector in India is growing at a rapid pace. How do you see the role of geospatial service providers evolving in this emerging ecosystem?
NewSpace sector in India is indeed growing at a rapid pace, driven by advancements in technology, government initiatives, funding, and the increasing involvement of private players, including a thriving start-up ecosystem. Geospatial service providers play a crucial role in this emerging ecosystem.
Being the downstream value providers for space technologies, our role is expected to evolve in several ways, from enhancing mapping and surveying to increasing the use of SAR data in new application areas. NeoGeo would actively participate and create value for different sectors, via our innovative solutions.
What would be the impact of Artificial intelligence, Machine Learning and other frontier technologies on the geospatial marketplace in India?
Artificial intelligence (AI), Machine Learning (ML), and other frontier technologies (IoT & blockchain specifically) are set to have a profound impact on the geospatial marketplace in India.
These emerging technologies grant various benefits such as enhanced decision-making, precision, and efficiency in operations. This helps in developing precise scientific models, gaining better intelligence, and system-driven results for reliable outcomes.
From urban planning and smart city point of view, the AI-powered geospatial analytics system has the capability to support urban planners in designing and managing smart and resilient cities. It can also help optimize infrastructure, traffic flow, waste management, and energy consumption for sustainable and resilient urban areas.
Traditionally, AI and ML has generated a lot of value in enhancing the interpretation of remotely sensed data, improving accuracy and efficiency in applications such as land cover classification, climate monitoring, and disaster assessment. Emerging technologies are also spurring economic growth and innovation. This can lead to the development of new applications, services, and business models, attracting investments and fostering entrepreneurship.
What is the long-term vision of NeoGeo in the Indian market?
There are certain areas where NeoGeo is pushing the boundaries. One of them is continuously investing in research and development to stay at the forefront of emerging technologies like AI, ML, blockchain, and edge computing. We are also seamlessly integrating these technologies to provide innovative geospatial solutions.
In order to understand the unique requirements of key sectors in India, NeoGeo is offering customized solutions for different stakeholders (e.g., cross-country infrastructure, urban planning, transportation, disaster management) and tailor-made offerings (products and platforms) to address their specific challenges.
We are also looking to expand geographically and explore collaborations with international players to tap into global markets and gain exposure to diverse geospatial applications and best practices. Fostering a culture of adaptability within NeoGeo is a crucial aspect of our long-term vision. We want to have the capability to quickly respond to market changes, technological advancements, and emerging opportunities.
