Using Earth Observation Satellite Data for Economic Intelligence 

The objective of the project is to develop, implement and demonstrate a service to create standardized measures of economic activity from the study of key sectors of the economy based on the analysis of Earth observation data. One of the keys to accurately measure global economic growth is the precision and fineness of measures for developing countries, which are difficult for two reasons: The reliability and quality of official data cannot be guaranteed and episodes of high volatility and higher growth rates creates further variations in the measured growth rates. The added value of the solution lies in its ability to analyze and cross different types of data sources to obtain the best possible precision on economic growth prediction. To achieve this, the project aims to add to the existing product 'Global Macro Smart Data' a significant added value layer through the analysis of satellite data, allowing to provide a granular vision of the activity of each sector of the economy. It would provide an excellent view of economic activity within a region or country compared to the current solution based on the analysis of multiple data sources including social networks, traffic data maritime, real-time job offer data, meteorological and oceanographic data, consumer reviews and more.