David Smith, Senior Director Model Development at CoreLogic, spoke with GISCafe Voice about CoreLogic’s recent announcement of residential and commercial flood and wind loss estimates for Hurricane Barry before the event occurred. According to this data analysis from the company, flood loss for residential and commercial properties in Louisiana is estimated to be between $200 million and $400 million which includes both storm surge and inland flooding. Insured flood loss from private insurers is estimated at less than $100 million. Wind losses are estimated to be an additional $300 million to $500 million. In total, insured flood and wind losses, excluding National Flood Insurance Program (NFIP) losses, are between $300 million and $600 million.
CoreLogic® is a leading global property information, analytics and data-enabled solutions provider. This information is directly drawn from company materials:
The theme of Esri User Conference 2019 was “See What Others Can’t.” The idea is that with GIS, people have the power to see differently. This was the 39th Annual Users Meeting, and while the meeting attracts close to 12,000 attendees per year, Esri CEO and president Jack Dangermond said that the purpose remains the same as it was when they began meeting with users at a Montessori school many years ago.
Ole Rollen, president and CEO of Hexagon, spoke on the topic of “Can Data Save the World?” at the ninth consecutive HxGN LIVE held in Las Vegas this week.
In an interview with Arnaud de Saint Vincent, Analytics Strategy – Digital Services Intelligence Communications, Intelligence, Security of the Defence and Space intelligence branch of Airbus, he spoke about one of their digital services, Earth Monitor, under the umbrella of their OneAtlas platform. Airbus Defence and Space and Orbital Insight have expanded upon their partnership agreement to create Earth Monitor, a powerful change analysis and insights service which provides situational awareness over archived or newly tasked areas of interest.
Bentley Systems hosted its Spring Update Conference Call this week about the progress of the company, with a focus on Digital Twin technology. In addition were two product announcements and the acquisition of Keynetix, a UK-headquartered provider of cloud-based software for capturing, visualizing, modeling, and sharing of geotechnical data.
With OpenSite Designer, users can create intelligent 3D models for civil site projects complete with site information, terrain data, parking lots, building pads, driveways, sidewalk, parcel layout and related site features.
The U.S. has seen an increase in the number of natural disasters between the years 2016 and 2018. The resulting “underinsurance issues” have kept analytics and data-enabled solutions providers very busy with analyzing the new wave of areas that would be better served by increased natural hazard coverage.
Recently Harris Geospatial Solutions has provided a series of webinars on SAR. The most recent one, conducted by solutions engineer, Megan Gallagher, is entitled “A Deeper Dive into SAR: Agriculture and Land Surface Deformation” and is available on their website
Digital Twins – are they taking the technology world by storm? IDC recently noted that by 2020, 30% of global 2000 companies will be using data from Digital Twins to improve organizational productivity by as much as 25%. While it is not quite there, Gartner predicts the Digital Twin will reach the “Plateau of Productivity” within 5 to 10 years.
According to the 2018 Gartner Hype Cycle, Digital Twin is a trend that is now approaching the “Peak of Inflated Expectations” and is estimated to hit the “Plateau of Productivity” within 5 to 10 years. Image courtesy of Gartner, Inc.
Digital twin technology has been talked about a great deal over the past few years, and is being worked on in various technology segments. At one time it was the province of manufacturing and now it is part of the Internet of Things, artificial intelligence and data analytics. It is also being explored by numerous industries.
We have covered a number of companies’ perspectives and predictions for 2019 and each has brought forth an important perspective on where the industry is heading in the New Year. While many of the technologies have been implemented before this time, there appears from these submissions to be even more emphasis on them as they move into 2019.
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