Imagine making an investment decision based on intelligence gathered from a satellite or drone image. James Crawford is betting people will do exactly that.
The founder and CEO of Orbital Images saw an untapped potential in the increase of surveillance hardware and decided to create software to analyze the images.
With the world of drones on the rise—federal regulators expect the industry to expand into a $90 billion business, compared to an estimated $720 million in sales last year—Orbital's goal is to capture global socioeconomic trends and sell it to hedge funds, real estate developers and other organizations.
For its part, Orbital insists its technology shouldn't raise alarm bells. While some may be concerned about Big Brother watching from above, Crawford said there are limits on the image's resolution and individuals cannot be seen.
"We can count cars, but even when we count cars we can't tell one car from another. The imagery itself and the federal limits on imagery put a major barrier to any sort of privacy issues," he said. http://www.cnbc.com/id/102519682
I wonder how long before the "limits" are no longer there? It's only a matter of time. Satellites watching you from space, ahh the future. So we have cameras on the streets, microphones and now satellites watching us. It's like 1984 coming to fruition.
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