Geospatial Value Impact Edition, September 2022
Cover Story
Barring a few setbacks, world economies in the last three decades have leveraged their resources very efficiently to achieve an impressive growth rate and improved the prosperity of their people. The Indian economy too had a great run with enviable GDP growth. Taking huge strides across the economic sectors, India rapidly rose through the ranks. Having emerged as the world’s ‘fastest growing, free world democracy’, India is expected to be one of the top three world economic powers in the next decade.
India is witnessing a drastic change in the pattern of electricity transmission, mainly due to the shift towards renewables. With these changes in place, the transmission projects are facing the pressure of quicker completions with no compromises on quality. Using GIS, the power utility sector is able to achieve the desired outcomes, while gaining higher ROI in the projects.
It is globally acknowledged now that ‘Financial Inclusion’ plays a catalytic role in equitable macroeconomic growth and promoting income equality. Increasingly it is becoming a vital component of modern economies for achieving inclusive and sustainable development.
GIS has an important role to play in creating a more sustainable world. Using GIS, we can find out how the natural conditions are changing; how much change is happening in built areas, water bodies, forest areas, etc. Let us know how GIS enables us in understanding the changes taking place in the landscape and how to manage the environment.
Geospatial technologies are critical for economic growth. Advanced geospatial technologies are constantly empowering governments and private organizations to build a geospatial infrastructure that helps them plan policies and programs, automate operations, improve collaboration with stakeholders, monitor progress, and analyze impact.
Several key factors like increased gas usage, advanced technologies, pipeline incidents, and new regulatory requirements are triggering gas pipeline companies to transform their traditional gas leak operations to cutting-edge predictive asset management and risk analysis.
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