Data Analytics, Insights & Applications 
Data Processing & Visualisation The objective of the GEMSTONE product is to apply our proprietary state-of-the-art Artificial Intelligence / Machine Learning algorithms on Copernicus’ Sentinel-1 & Sentinel-2 satellite imagery to provide our customers with actionable insights on various industries. All insights will be then displayed on a user-friendly online platform.
The key customer segments targeted by our product are as follows: banks, hedge funds, insurance companies, governmental institutions, the automotive industry, and the energy sector companies. Since GEMSTONE is planned as a very universal product, there are the following three common problems shared by all customer segments. The first of our customers’ problems is, that they currently struggle to obtain actionable insights on particular segments in a timely manner. Utilizing satellite data, the time period from an observable phenomenon happening in a particular industry, to our customer having an actionable insight, shortens rapidly. The second problem of our customers’ problems is, that they cannot fully rely on the data they use for economic indices creation. The data can be easily biased by governments, industry companies, or any other stakeholders. On contrary, the satellite imagery is an unbiased information source by nature. The last of the major problems our customers face is the accessibility of actionable insights. Currently, analysts have to actively search for the information, using a wide spectrum of data sources. With GEMSTONE, all necessary information will be accessible on a single online platform.
Targeted customer segments and their needs are described in the previous section. Product description. There are already existing customers using our GEMSTONE product that are providing valuable feedback to further development. To name a few: JP Morgan Economic Research Department, Credit Suisse, Bridgewater, Exxon, or Deloitte.
The nature of our product allows us to make the solution fully scalable and sell to customers anywhere on the planet Earth.
SpaceKnow’s GEMSTONE (Global Economy Monitoring System delivering Transparency and Online Expertise) aims to develop an easy-to-use and scalable platform providing insights on the performance of selected industries and commodities supply chains based on indices computed with state-of-art algorithmic solutions on satellite imagery. With our GEMSTONE the customer will be able to get instant access to both location-specific knowledge as well as country-wise or industry type aggregated information that allows users to query activity at a ‘topic’ level (coal facilities, oil wells, etc). Clients can also provide locations of interest (e.g. the points of a specific company or product supply chain) and SpaceKnow data can be accumulated at those locations.
The key customer segments targeted by our product are as follows: banks, hedge funds, insurance companies, governmental institutions, the automotive industry, and the energy sector companies. Despite the fact that GEMSTONE is a very universal product, there are the following three common problems shared by all customer segments. The first of our customers’ problems is that they currently struggle to obtain actionable insights on particular segments in a timely manner. Utilizing satellite data, the time period from an observable phenomenon happening in a particular industry, to our customer having an actionable insight, shortens rapidly. The second problem of our customers’ problems is that they cannot fully rely on the data they use for economic indices creation. The data can be easily biased by governments, industry companies, or any other stakeholders. On the contrary, satellite imagery is an unbiased information source by nature. The last of the major problems our customers face is the accessibility of actionable insights. Currently, analysts have to actively search for the information, using a wide spectrum of data sources. With GEMSTONE, all necessary information will be accessible on a single online platform.
The added value of GEMSTONE is practically demonstrated on the three of our customers’ main problems and their solutions in one of the previous sections. The main added value is thus in the provision of unbiased and timely actionable insights, in a user-friendly manner.
The GEMSTONE project has come to an end. SpaceKnow has finished the development of the machine learning-based economic indices derived from satellite data, mostly from European Sentinel satellites.
SpaceKnow is happy to announce that all defined objectives of the project have been met. The quality of the final product has been evaluated and approved by stakeholders from industry, who will be the users of the product. The evaluation of the final product was very positive and that is one of the reasons why the development of GEMSTONE will continue throughout the following months. Based on market research and the latest global developments, new features and indices will be added, for instance, an algorithm for detection of ships on Sentinel-2 imagery, which enables better supply chain monitoring, a critical feature for many due to the recent global supply chain crisis.
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