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News & Views
Precisely to map power dataset
Data integrity leader Precisely (www.precisely.com) joins the Overture Maps Foundation (https://overturemaps.org) to provide location intelligence expertise and facilitate geospatial innovation. Founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom in 2022, the foundation recently launched its first worldwide open map dataset to the market, based upon the shared data and knowledge of its network of members.
As a contributing member, Precisely will provide vital location intelligence and data enrichment expertise to the foundation’s Global Entity Reference System (GERS) that will allow organizations around the world to freely access geospatial data and spatial analytics, and ultimately, drive exciting new advancements in geospatial technology.
“At Precisely, we have over 30 years of experience in building, managing, and supporting the use of location information in the business environment,” says Dan Adams, Senior Vice President – Data Strategy and Operations, Precisely. “We are excited to be a member of the Overture Maps Foundation and collaborate on the critical work being done to facilitate access to next-level mapping – powered by trusted geospatial data.”
“As the requirements for accuracy, recency, and attribution in maps have grown to meet user needs, the costs and complexities of collecting and maintaining global map data have grown beyond the capability of any single entity,” explains Marc Prioleau, Executive Director, Overture Maps Foundation. “We are excited to welcome Precisely to the foundation and look forward to working with them to enable a level playing field wherein baseline, high-quality, mapping data and a global catalog of associated data are freely accessible to everyone.”
The increasing reliance on navigation software, ride-hailing apps, and real-time transport updates is set to see the location-based technology sector grow by 20% in the next five years to a value of over $66 billion.
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