Theme of Panel Discussion: Age of Geographic Enlightenment – An Opportunity for Indian Start-ups
Until few years back, GIS was a niche technology that required specific skills to take full advantage of its capabilities. Today, GIS has become easy to use and accessible to the masses. Moreover, with growing convergence of mainstream technology & GIS, geospatial analytics; commoditization of geospatial information; and need for security & safety we are witnessing the emergence of a new Modern IT Architecture.
Leveraging IoT, Big Data, Machine Learning and integration with multiple data sources, this new Modern Architecture, the one that is empowered with ‘The Science of Where’ has become a fundamental language of engagement, a language that helps us understand and provide insights to this complex world. GIS is changing the objectives of GIS developers from designing specific applications focused on a single project to configuring a platform for larger deployment. Such advancements are diverting GIS usage patterns from mission-oriented platform towards a geography platform.
According to study by Markets and Markets, Geographic information system (GIS) market was valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6%. The geospatial analytics market was valued at USD 30.71 Billion in 2016 and is projected to reach USD 73.91 Billion by 2021, at a CAGR of 19.2%. GIS is waking up the world to the power of geography, this science of integration, and has the framework for creating a better future. We are entering into an Age of Geographic Enlightenment! GIS is fast catching up as a huge global opportunity to become the next face of IT Industry to the World!