CRCSI: Value of spatial information to NSW will surpass $1 billion by 2022
22 August 2017
The Cooperative Research Centre for Spatial Information (CRCSI) has released a comprehensive report on the monetary value of spatial services to industries across the state of New South Wales (NSW). The report draws on case studies and desktop research to estimate productivity impacts of spatial information.
The last study of this kind was in 2008 by the CRCSI and it was nationwide. While the previous study was broad in its coverage, the present study dives deep into the details of the use (and lack-thereof) of spatial technology within 10 areas of activity within NSW:
*** ... with the additional uptake of technology and enhanced government support. With the additional implementation of government-lead measures, including a digital cadastre and federation of 3D models of the built environment, the value is projected reach $3 billion AUD per year within 20 years.
