This is an inaugural issue in the series of Planet OS Market Highlights. While this particular post covers the first quarter of 2016, going forward we will be syndicating highlights for you on a monthly basis. To receive these market highlights via email, please sign up for the Planet OS newsletter.
The intersection of geospatial services and industrial IoT (IIoT) is heating up: as industrial organizations are transitioning from pure products business to services models, they become responsible for the life cycles of their assets under management. Meanwhile, sensor proliferation continues and unpredictable weather and climate increase our exposure to external risk, demanding reliable programmatic access to environmental data.
Data will dominate the energy market
Zarko Sumic, an analyst at Gartner, predicted that the largest energy company in the world will not own any grids or generation assets by 2020. Instead, it will focus on managing information about energy sources and consumers. This prediction is based on current trends of energy flow being determined by market forces. Sumic said that current regulation is the biggest barrier to this transition and that he does not believe technical barriers will be an issue as this change occurs.
NOAA data production rate to double in two years
NOAA’s October launch of GOES-R next-generation satellite constellation will begin a new level of data production. NOAA estimates that this new system will produce some 100 megabits of data per second, or roughly 9 terabytes of data per day, by mid-2017. They will launch a second system in 2018, doubling its daily production of data.