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Space companies are trying to tap into new markets with big data

Space companies are trying to grow a market for the massive amounts of data beamed back from satellites each day. The big picture: It’s cheaper than ever to launch Earth-observing satellites to space, making it easier to collect large amounts of data from orbit.

But the market for imaging and analytics companies is still mostly limited to government customers and sophisticated, high-paying users like the oil and gas industry. “There are very few industries out there that wouldn’t in some way benefit from this kind of data. … How do we make that an efficient and effective process to make that happen? And there’s no magical answer to that, but it is going to take a lot of different companies trying different things.”

Source: axios.com
Author: Miriam Kramer

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