The economic value of spatially enabled services in Finland - Including the impact of Geospatial Platform
By Jaana Mäkelä
Only about 22% of the annual potential economic benefits from the use of spatial data has been realised in Finland. The annual economic benefits are about EUR 13 billion but only about EUR 3 billion of the potential has so far been realised. The estimated value of the direct economic benefits of the Geospatial Platform is about EUR 150 million and indirect benefits about EUR 400 million, totally EUR 550 million per annum starting in 2025 when the services of the platform are operating in full extent.
This study focused on four ecosystems: Bioeconomy, Built environment, Health and social services and Traffic. The biggest potential, EUR 5.9 billion, exists in the built environment because the value of the business is huge and spatial data and technologies can be used in almost all business sectors both in public sector and private companies. In the more mature ecosystems bioeconomy, potential EUR 1.2 billion, and traffic, potential EUR 1.9 billion, spatial data and technologies have been used for a long time, but new technologies enable new and ever-growing possibilities for the use. The total economic value and potential from the use of spatial data in health and social services is difficult to estimate because good examples do not exist or are hard to find. However, it is clear that the role of spatial data is essential in the new health and social services reform in Finland as the few examples in this study show.
The national Geospatial Platform provides essential spatial data and services to all four ecosystems. The platform is under development but some use cases introduced in this study show already the potential, such as the use of laser scanning data in municipalities to check and correct property taxation. Or how more accurate national address database enables faster response time of first aid and can prevent loss of lives.
This study is a meta-analysis of international and Finnish studies in which the economic impacts of the use of spatial data have been analysed. Results from international studies are introduced as well as how these has been applied to Finnish conditions.
“Only about 22% of the annual potential economic benefits from the use of spatial data has been realised in Finland. The annual economic benefits are about EUR 13 billion but only about EUR 3 billion of the potential has so far been realised.”