Asian Surveying & Mapping
Breaking News
Ouster Expands to Japan and South Korea to Support Growing Demand for High-Resolution Digital Lidar Sensors
SAN FRANCISCO - Ouster, Inc. (NYSE: OUST) (“Ouster” or...
New Zealand’s Counties Energy Partners with GE Digital for its Digital Utility Transformation
GE Digital today announced that Counties Energy, an electricity distribution network...
The Hong Kong Institute of Surveyors: Best Development & Conservation Award 2021 Surveying Excellence in Development and Conservation
HONG KONG SAR  - The results of HKIS Best...
India, Japan researchers working on smartphone-based mapping of cracks, potholes in roads
The joint project is aimed at developing an affordable...
Dubai Airshow 2021: Israeli companies offer space systems, UAVs to the Middle East
UAVs and new communications and Earth observation satellites were...
Space company Success Rockets presented the demonstrator model of the first Russian specialized satellite for monitoring the main climate-active substances “DIANA” at the 26th UN Climate Conference in Glasgow
Russian private space company Success Rockets is developing a...
Intermap Expands Support of TATA Communications Across Major Indian Cities
DENVER,- Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or...
European Space Agency launches new mission to measure climate change in unprecedented detail
The European Space Agency (ESA) has new plans to...
Israeli startup to collaborate with EXL in providing property intelligence images for insurance carriers
Strategic partnership will bring together aerial imagery, advanced analytics,...
China Launches Three New Remote Sensing Satellites Into Space
The satellite launch marked the 396th mission for the...

August 20th, 2012
GIS a Big Deal for Big Data

“For decades, FSI’s have systematically mined customer and business data pools to strengthen their operations and grow market share,” Mr Johnson said.

“With the explosion of the digital age however, these pools of data have grown into vast, almost unmanageable information reservoirs – and seen the birth of the Big Data phenomenon.

“IBM estimates that more than 2.5 quintillion bytes of data are created each day, while 90 per cent of data currently held has been created in the last two years alone.

“Using traditional data mining techniques to deal with Big Data is like trying to carve your way into Fort Knox with a spoon – most likely, you’ll expend a lot of time and energy and achieve no more than to just scratch the surface.

“GIS technology – with its pedigree in land management and defence operations – offers business leaders the best opportunity to leverage this information.”

Mr Johnson’s counsel comes as several giants of the Australian financial sector prepare to meet for a range of discussions at Ozri 2012, the nation’s largest geospatial conference.

Mr Johnson, who will host an exclusive FSI session at Ozri, said GIS technology provides a common visual representation that transcends language, education and, most importantly, department boundaries.

“As it currently stands, the greater majority of an FSI’s company data is siloed within different business systems, is inconsistent in its format and hosted across a mix of platforms,” Mr Johnson said.

“GIS technology’s power comes from its ability to normalise and sort data in a unique way, delivering a single, all-encompassing view of a company’s information.
 
“It’s a view few financial institutions can afford to disregard – as it shows exactly where the big deal is in Big Data.”

Hosted by Esri Australia, the market leader in Australia’s $2.1 billion spatial industry, Ozri 2012 is the largest GIS conference in the Asia Pacific.

The Ozri Financial Services session will be held on 6 September at Sheraton on the Park in Sydney.

Visit www.esriaustralia.com.au/ozri for further information.