Company
Date Published
Aug. 22, 2024
Author
CARTO Contributors
Word count
1660
Language
English
Hacker News points
None

Summary

Location intelligence is becoming a core part of most enterprise business strategies, with 85% of surveyed executives believing it will be crucial to their organization's success in the next three years. This shift away from traditional Geographic Information Systems (GIS) is driven by new data streams, including open data, real-time data, and big datasets from various sources. Location intelligence also introduces new methods of analysis, such as spatial clustering, optimized routing, and Moran's I, which enable companies to answer questions about what should happen and optimize their business strategy accordingly. Furthermore, location intelligence is making it accessible to a wider range of users, including developers, data analysts, and data scientists, who can integrate location data directly into their workflows and present findings in compelling visualizations. The rise of open-source tools and platforms is also democratizing access to location intelligence, allowing companies to create easily deployable dashboards and apps that help predict and optimize business outcomes.