Our mission statement: We go that bit further to provide our customers worldwide with the best advice on how to maximise the benefits of location information in their business. Our consultants come with location intelligence inside.
The Tasmanian Department of Premier and Cabinet commissioned this report at the instigation of the Tasmanian Spatial Information Council (TASSIC) to estimate the value of increased investment in spatial information for the Tasmanian economy.
Evidence in Australia and overseas suggests that some of the benefits would be cashable in the short term, particularly in operational arms of government. However, full realisation of the gains would require resources that are freed up as a result of productivity gains to be redeployed to other productive activities in the economy. The growing demands on Government services in Tasmania suggest that the former would be applicable in portfolios such as health and human services.
The scenario on which this report is based assumes an investment of AUD 8.3 million in value terms at the time of the original report. In 2011, the use and re-use of spatial information is estimated to have added AUD 104 million in productivity-related benefits to the Tasmanian economy. This value is the result of increasing adoption of modern spatial information technologies over the period 1995-2011, and is equivalent to slightly more than 0.45 per cent of Gross State Product in 2010.
With the level of investment assumed in the proposed scenario, economic growth is projected to be higher. It is projected that with the scenario investment of AUD 8.3 million, Gross State Product would be AUD 105 million higher by 2020 than it would be without such investment. Real incomes in Tasmania are also projected to be AUD 97 million higher with that investment than without.