As companies move into space with dreams of colonizing Mars and selling real estate on the moon or on stars, are there any industry predictions? Additionally, are there any realistic industry predictions?
A store's location directly impacts supply, profits, marketing, and almost every other aspect of store performance. Much can be learned from the performance of different types of retail stores in different neighborhoods, countries, or even climate areas. Therefore, retailers use geospatial data machine learning models to plan store locations and predict profits.
Property value and mortgage value assessment is the estimation of the future value of a particular asset for purchase, insurance, and more.
Unlike most other purchases, real estate tends to rise in value over time. This rise is influenced by economic and social trends, environmental conditions, and on governmental controls and regulations. These large-scale trends directly affect the general demand for property ownership, the scarcity of property for purchase, the utility of the property for potential owners, and the ease at which property rights can be transferred.
Precision agriculture refers to the management of farms with satellite and other data and technologies. The resulting maps provide highly detailed information about the topology and condition of farms, down to the individual plants.
Other common terms for precision agriculture include satellite farming and site-specific crop management.