Posts

Business Geomatics and the Power of Location Economics

Many of us do not realize but a number of factors are involved when businesses establish new locations, quite often it is dependent on what product or services they offer or produce, however these days more and more are taking advantage of the ‘Power of Location Economics’. Location economics, unlike product differentiation strategies (where products or services are created different in order to attract more customers), addresses economic activities such as where people are located in order to produce or sell similar products in an existing market while maximizing their accessibility and profits.

Address recognition algorithms Over the past decade or so the GIS and Geomatics industry has been rapidly evolving and has crossed over into virtually almost every other industry and market, to the point where most people quite often do not even realize that they are using some aspect of geomatics. A common trend happening everywhere these days is …