05 Mar 2021

To make informed business decisions faster, tap the power of Geographic Data

Businesses are increasingly realising that location matters. But what's frequently overlooked is how location insight can drive overall agility by improving the speed and quality of decision-making. Blog by Alan Moore, thinkWhere, as part of techUK's #GeospatialFuture campaign week

The year 2020 was a cautionary tale about the need for business agility: being resilient in the face of challenges and ready to adapt. An important aspect of adaptability is having a strong grasp on the data that powers your business – and when it comes to data, location intelligence offers tremendous value.

The real value comes when businesses take the data they already rely upon and combine this with location data, to uncover brand-new intelligence -- on everything from new growth opportunities to insights on competitors or driving logistic efficiencies.

A good case in point is when we were asked to support scenario planning for the distribution of critical supplies during the Covid pandemic last year. We were engaged by a client who understood in a general way the problem to be solved and brought in thinkWhere as a locational intelligence specialist. The overall objective was to determine the most effective distribution network, to service a particular demographic across Scotland in the most efficient way possible.

While client confidentiality restricts what we can say, this is the kind of problem we frankly relish at thinkWhere: it's the perfect mix of a real-world business challenge and data-driven technology solution where location sits at the heart.

We brought our deep domain knowledge of geospatial data and applied experience of spatial analysis that raised the client’s understanding of the “art of the possible.” The end product was a definitive, well informed and evidence-based set of results that went well beyond the client’s original expectations.

Diving deep into relevant geospatial data sources to answer an urgent need

Combining postcode, demographic, routing, property, mapping data with the client’s data enabled us to iteratively develop and refine a repeatable model. This allowed various scenarios for distribution including primary supply locations, drive times and catchments to be interactively refined and demonstrated, at speed – and a rapid response was of the essence.

The overall result was a very satisfied client – the power of geospatial delivered a depth of analysis and appraisal of options that they had not considered possible at the outset. “We needed someone who would understand intrinsically how they fit into the picture, and could explain to us what we didn't already know,” our client said. “We wanted someone who had the experience to tell us that we were asking for wasn't quite what we needed.”

Four critical success factors for geospatial data and your strategic thinking

We have undertaken many such examples of spatial analysis over the last few years including site screening on land suitable for onshore wind farms across Scotland, accessibility to greenspace and investment priorities for superfast broadband. These location-driven business challenges provide operational and strategic insight for better/faster decision-making and improved economic, social and environmental governance.

Here are the four defining factors we see as critical to success in spatial analysis projects like these:

  1. Start with the end – what’s the outcome the client is trying to achieve. Often a client may have tried to “solutionise” the problem before we get engaged and sometimes a little bit of knowledge can be dangerous. We adopt a discovery-based approach – understanding the business context, what problem is being solved, why it needs to be solved and what the client’s expectations are for the overall outcome.
  2. Collaboration – these projects are typically a meeting of minds, where all those involved can contribute and learn from each other’s domain expertise.
  3. Iteration – adopting an iterative approach to problem solving is key. We and our clients are learning what works, what doesn’t work, and testing out geospatial data and analytics to see what works best. Trying out ideas, testing assumptions and learning as we go leads us to an informed position for the optimal solution.
  4. Visualisation – one of the biggest advantages of location analytics work is the power of seeing the results on a map and being able to interact with the map and data to query, analyse and report on the information.

Don't overlook the power of data in delivering business agility

Every business, in every sector, depends on data to make informed decisions that will help them grow, scale and improve efficiency. While many businesses are data-driven, what's often missing is an appreciation that geospatial data and location analytics bring a unique power.

Following our engagement for the Covid scenario planning solution, our client told us they believe that geospatial data should be part of strategic planning for all organisations. “Every business leader should be looking to see how geographic data fits into their organisation, not whether it does -- because it definitely does.”

When you visualise your business information against the context of location, you'll uncover new business insights and opportunities to improve efficiency, things that can’t easily be gleaned from a simple spreadsheet or database. The transformative power of geospatial data provides the edge -- and if there ever was a time that businesses needed an edge, it's now.

Read more from thinkWhere here

- Alan Moore is CEO of thinkWhere who transform how organisations view, share and understand location information & Director of Association for Geographic Information (AGI)

You can read more insights from techUK's #GeospatialFuture campaign here!

Laura Foster

Laura Foster

Programme Manager, Technology and Innovation, techUK

Laura is techUK’s Programme Manager for Technology and Innovation.

She supports the application and expansion of emerging technologies across business, including Geospatial Data, Quantum Computing, AR/VR/XR and Edge technologies.

Before joining techUK, Laura worked internationally in London, Singapore and across the United States as a conference researcher and producer covering enterprise adoption of emerging technologies. This included being part of the strategic team at London Tech Week.

Laura has a degree in History (BA Hons) from Durham University, focussing on regional social history. Outside of work she loves reading, travelling and supporting rugby team St. Helens, where she is from.

Email:
[email protected]
LinkedIn:
www.linkedin.com/in/lauraalicefoster

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Zoe Brockbank

Programme Coordinator, Policy, Tech and Innovation, techUK

Zoe is a Programme Assistant, supporting techUK's work across Policy, Technology and Innovation.

The team makes the tech case to government and policymakers in Westminster, Whitehall, Brussels and across the UK on the most pressing issues affecting this sector and supports the Technology and Innovation team in the application and expansion of emerging technologies across business, including Geospatial Data, Quantum Computing, AR/VR/XR and Edge technologies.

Before joining techUK, Zoe worked as a Business Development and Membership Coordinator at London First and prior to that Zoe worked in Partnerships at a number of Forex and CFD brokerage firms including Think Markets, ETX Capital and Central Markets.

Zoe has a degree (BA Hons) from the University of Westminster and in her spare time, Zoe enjoys travelling, painting, keeping fit and socialising with friends.

Email:
[email protected]
Phone:
020 7331 2174
Website:
www.techuk.org,www.techuk.org,www.techuk.org,www.techuk.org

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