The Global Positioning System (GPS) maintained by the US government is one of several Global Navigational Satellite Systems (GNSS). GNSS technology, including GPS, provides positional, navigational, and timing (PNT) data and supports a wide array of critical systems in transport, communications, finance, natural resources, safety and emergency services, location-based services, and the military.
Propelled by drivers in all five STEEP categories (social, technological, environmental, economic, and political), many of the world’s cities are striving to become greener and smarter.
A rising number of cities are pursuing environmental sustainability and embracing intelligent systems not only for their own sake (to cut costs, to run more efficiently, and to better serve their residents), but also for the sake of the greater world (to reduce carbon emissions and to inspire other cities to do the same).
The landscape of global business is changing. While World 1 economies still dominate the global business landscape, more and more companies based in World 2 and even World 3 are making their presence known on a worldwide scale.
These rising giants are not only serving — and in some cases dominating — their home markets, but they also are increasingly seeking to expand into other markets, both from other emerging economies and from developed economies. The growth and expansion of companies from emerging economies will dramatically transform the global business landscape in the next two decades.
The wealth of time and interest devoted to the development of smart cars in recent years often overshadows equally significant advancements in a related sector: the roadways that such cars will navigate. Smarter roads may not have received as much attention as the advent of smart cars; however, governments, entrepreneurs, and innovative companies have been allocating substantial research and development resources toward their creation.
The EU’s instruments and sensors sector is facing an era of rapid change. Globalization, the emergence of low-cost competitors, a looming labor shortage, changing consumer values, and technological innovations in related fields are creating both opportunities and challenges. Though it may be difficult for firms in the sector to change, the future holds new opportunities for those looking to establish markets in emerging high-tech fields.Read more…