Globetech employs GPS to cash in on dataMr Wichai says geospatial tech could drastically impact a large number of industries, including advanced robotics and 3D printing. Globetech Co, a GPS mapping and location services firm, is looking to expand into data tracking of customer movements to more accurately calculate health and auto insurance rates. "Map data is no longer about just location, but how it can turn into a decision and make a difference for other businesses." Smart health analyses information from smartwatches and wearable devices that can be used by insurance firms to offer health insurance premiums depending on the user's recorded health metrics. This year, Globetech aims to get 10% of revenue from new data analytics solutions, increasing to 25% within three years.

Source: Bangkok Post June 18, 2019 01:01 UTC