Skip to main content

Value of Location-Based Services

One of the important things about location-based services is that they enable a host of other applications, delivering value greater than the sum of their parts. According to Kenneth Hyers, ABI Research's principal analyst of global wireless operator research, "It's not just a technology in your mobile phone that says 'you are here.' It can also pass that information to many other applications." Do you want a route home? A friend's location, relative to where you are? A location-stamp on that picture you took with your camera phone? LBS enable all these functions. A real-estate appraiser might photograph a house with a GPS-equipped phone, then combine the picture, its subject's GPS coordinates and, if linked to a navigation program, its actual address, and send that information to the office's billing system to identify the party to be invoiced for the service. "Mobile operators don't want to sell 'location technologies' -- that's too esoteric," concludes Hyers. "But they believe that if you tell an end-user, 'call us to check movie times and we'll route you to the theater', consumers will be willing to pay for that service." Is this fantasy or reality? That depends, ironically, on where you live and who your mobile operator is. Nextel has pioneered LBS in the US and maintains the most advanced portfolio. This year Sprint has shown a real interest. Hyers believes that "the combination of Sprint and Nextel could lead to some really interesting synergies where lessons learned on the corporate side at Nextel can be translated to Sprint's good consumer base." Outside the US, KDDI in Japan is successfully rolling out LBS. In South Korea, SK Telecom is pushing LBS strongly, while in Europe, Hutchison is attracting attention with its 3G LBS which Hyers terms "the best in the region."

Popular posts from this blog

Industrial and Manufacturing Technology Growth

In an evolving era of rapid advancement, market demand for innovative technology in the industrial and manufacturing sectors is skyrocketing. Leaders are recognizing the immense potential of digital transformation and are driving initiatives to integrate technologies into their business operations.  These initiatives aim to enhance efficiency, reduce costs, and ultimately drive growth and competitiveness in an increasingly digital business upward trajectory. The industrial and manufacturing sectors have been the backbone of the Global Networked Economy, contributing $16 trillion in value in 2021. Industrial and Manufacturing Tech Market Development   This growth represents a 20 percent increase from 2020, highlighting the resilience and adaptability of these sectors in the face of unprecedented challenges, according to the latest worldwide market study by ABI Research . The five largest manufacturing verticals -- automotive, computer and electronic, primary metal, food, and machinery -

Rise of AI-Enabled Smart Traffic Management

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure of

AI Software Market will Reach $251 Billion

The growth in Artificial Intelligence (AI) software could lead to many benefits. As more organizations adopt AI, they may become more efficient, productive, and able to offer improved products and services. The global job market could also expand, with demand growing for roles like AI engineers and technicians. Plus, AI apps could enable breakthroughs in fields like healthcare, transportation, and energy. The worldwide AI software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate (CAGR) of 31.4 percent, according to the latest market study by International Data Corporation (IDC). AI Software Market Development The forecast for AI-centric software includes Artificial Intelligence Platforms, AI Applications, AI System Infrastructure Software (SIS), and AI Application Development and Deployment (AD&D) software (excluding AI platforms). However, it does not include Generative AI (GenAI) platforms and applications, which IDC recent