We are seeing growing customer interest in and need for geospatial data, which is driven by the digital transformation taking place within companies and governments. Data acts as the foundation of many processes that make cities smarter and companies more efficient. We are also seeing a higher adoption of artificial intelligence (AI) and cloud computing technologies, which allow users to extract more valuable information from particular datasets, helping them find smart new solutions.
Another important development is the rise of 3D geospatial data. This 3D data is no longer just a ‘nice to have’ thing; it has become an important part of business processes as it provides added value.
When it comes to managing safety, 3D modeling can be invaluable because it allows you to build a Digital Twin and assess different scenarios. AI and 3D are becoming mainstream and Cyclomedia uses both these technologies extensively. Consequently, the company is well positioned to support both governments and companies in their ongoing digital transformation.
The world is moving towards real-time intelligence and this is a trend that is here to stay. Developments like autonomous driving, which require real-time data (for example, on road safety) are behind this trend. Real-time intelligence requires context and this is what geospatial data provides. We have several exciting initiatives in the pipeline to meet this market demand by increasing the frequency of our data capture and providing on-demand insights.
We are active in various verticals where data analytics is crucial. Our focus is on developing technology-driven innovations that provide solutions across these verticals. For instance, we are assisting telecom companies with insights for their FTTX fiber rollout projects. We are also helping cities with analytics to improve road safety and accomplish the European Union’s goal of ‘Vision Zero’ — zero fatalities and serious injuries on roads by 2050.
Today, we see a need in the market to do more, do it faster, and do it at a lower cost. Technologies like AI and cloud computing are addressing this need. There is also increasing attention around crowdsourcing. New types of data and new ways of collecting it are emerging, driven by developments around autonomous driving — vehicles collecting all kinds of sensor data. The data capture capabilities of mobile phones are also contributing to this. Now, the key is to find a way to bring all this data on one platform to derive insights for market-specific use cases.
3D data enables the creation of true Digital Twins. However, making this data a part of everyday work processes is a challenge. Another challenge is combining the growing volume of data of different qualities and forms, from different sources, and harnessing it for new applications and solutions to create safer and more sustainable cities, and more efficient ways of working. In 2022, Cyclomedia will create a Digital Twin of the Netherlands in 3D. We are convinced this will have a big impact.
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