As high confidence rates in global economies continue and low interest rates persist, the outlook for the construction sector is increasing across all industry segments. During this continued growth, construction companies with future-oriented planning seek investment in geospatial technologies to ensure the long-term survival and success of the company. Construction projects are inherently spatial and leveraging remote sensing and GIS reduces risks and costs associated with timely decision-making and eases the surveying process.
In the natural resource sectors such as oil & gas, higher commodity prices may accelerate investment in new construction and infrastructure maintenance. UP42’s data and analytics can be for each step, from assessing new construction sites to identifying maintenance needs and monitoring ongoing construction projects. For real estate, land management and insurance sectors, UP42 can be leveraged for site discovery, detecting land use change, monitoring weather or fire risks nearby, and assessing construction trends across market locations. Access to high resolution imagery, weather data, and advanced analytics put companies ahead of the curve.