{"id":18756,"date":"2017-10-09T05:00:28","date_gmt":"2017-10-09T12:00:28","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=18756"},"modified":"2020-12-24T22:33:18","modified_gmt":"2020-12-25T06:33:18","slug":"recon-from-space","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/recon-from-space\/","title":{"rendered":"Recon from Space"},"content":{"rendered":"

Earth-orbiting satellites have been part of the fabric of daily life for more than 50 years.\u00a0 Billions of people depend on them to support fast, accurate execution of communication, weather monitoring, military and intelligence operations, and other activities.\"WorldView\"<\/a><\/p>\n

In recent years, the property management industry has become a leader in leveraging space systems\u2019 elevated perspective for better-informed decision-making.<\/p>\n

Sharp Images from Orbit<\/strong><\/p>\n

A key connection between satellites and real estate stakeholders is Westminster, Colo.-based DigitalGlobe<\/a>, owner and operator of five imaging satellites launched between 2007 and 2016.\u00a0 (Two other satellites launched in 1999 and 2001 were decommissioned, although their imagery remains available.)\u00a0 Equipped with best-in-class optics and electronics, the satellites\u2014GeoEye-1 and four WorldView-class sensors\u2014crisscross the globe, snapping high-quality pictures from low Earth orbit (300 to 478 miles).<\/p>\n

Imagery from DigitalGlobe\u2019s satellite constellation, which is capable of covering more than 620 million square miles annually, populates GBDX, a big data digital library and analytics platform.\u00a0 Investors, insurance companies, environmental managers, urban planners and others involved in buying, developing and occupying properties tap into GBDX.\u00a0 The high-resolution (about 12 inches) imagery aids site selection and development planning, property value and insurance assessments, solar and wind energy potential, code enforcement and more.\u00a0 The collection, transmission, processing and dissemination cycle can take as little as two hours, and the data can be used to create 3-D, stereo and digital elevation models.<\/p>\n

Assessing Risk<\/strong><\/p>\n

\u201cIf you\u2019re thinking of purchasing property for investment or development, there\u2019s a lot you need to know: what\u2019s a building\u2019s size, shape, configuration and proximity to neighbors?\u00a0 Is a property flooded, burned or otherwise damaged?\u00a0 What\u2019s the possibility of fire, floods, wind or hail?\u00a0 What is the best access route for emergency service providers?\u00a0 Are there new additions or deletions that could impact value or code enforcement?\u00a0 All this, and more, can be determined from the imagery and analytics available in GBDX,\u201d says Camille Cassidy, manager of platform marketing for DigitalGlobe.<\/p>\n

\u201cSatellites offer advantages over other collection methods.\u00a0 They cover very large areas, their pointing is flexible, they can be rapidly accessed during emergencies, and their multispectral imaging exceeds the human visual system\u2019s capabilities,\u201d says Mark Bowersox, manager of customer success for DigitalGlobe, whose acquisition by MacDonald, Dettwiler and Associates Ltd. is expected to close by the end of 2017.<\/p>\n

One GBDX user, location dataset provider PSMA Australia, is creating a digital representation of about 20 million buildings across Australia, providing useful information for insurance, urban planning, emergency management, business intelligence and other private and government purposes. PSMA and other data aggregators are swiftly moving to extend this comprehensive dataset model beyond Australia.<\/p>\n

Multiple Benefits<\/strong><\/p>\n

DigitalGlobe\u2019s constellation delivers the highest resolution for commercial imagery in the world.\u00a0 This degree of precision benefits a range of human endeavors.\u00a0 For example, a WorldView satellite gave Indonesian authorities indisputable evidence of human trafficking in the South Pacific in 2014, helping free more than 2,000 enslaved people.\u00a0 Space-based images also help security officials plan large-scale events such as the Olympic Games.\u00a0 And by pinpointing remote habitations, satellite images help make vaccinations and other humanitarian services available to people who might otherwise be overlooked.\u00a0 DigitalGlobe imagery also illuminates Google Maps and other online mapping apps and services.<\/p>\n

DigitalGlobe\u2019s next steps include leading a partnership that is developing artificial intelligence capable of comparing satellite imagery over different areas.\u00a0 This might enable predictions of how a neighborhood\u2019s projected median income level will change if, for example, a tennis court or greenhouse replaced a park, or if a school bus parking lot replaced homes or a hotel.\u00a0 In June 2017, DigitalGlobe announced plans to launch a premium service that will provide satellite images of high-interest locations gathered from multiple commercial providers.<\/p>\n

The advanced capabilities and technologies provided by DigitalGlobe are quickly becoming essential tools.\u00a0 \u201cSatellite imagery is available for virtually any application that requires a clear, accurate and current view of the Earth,\u201d says Joe Walsh, corporate marketing manager at DigitalGlobe.<\/p>\n

With ongoing improvements in imaging, data storage and analytics technologies, the sky holds no limit for satellites\u2019 contribution to real estate\u2014and the rest of the world.<\/p>\n","protected":false},"excerpt":{"rendered":"

Earth-orbiting satellites have been part of the fabric of daily life for more than 50 years.\u00a0 Billions of people depend on them to support fast, accurate execution of communication, weather monitoring, military and intelligence operations, and other activities. 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