ESA title

Data Segment
  • Data Analytics, Insights & Applications
  • Data Processing & Visualisation
Cycle
  • Product Development
SpaceKnow’s GEMSTONE (Global Economy Monitoring System delivering Transparency and Online Expertise) aims to develop a set of AI algorithms providing insights on the performance of selected industries and commodities production, all connected to a user-friendly online platform. 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 (ex. the points of a specific company or product supply chain) and SpaceKnow data can be accumulated at those locations.
Objectives of the Product

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.


Customers and their Needs

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/users countries

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.


Product description

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.


Added Value

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.


Current Status

The project was kicked off at the beginning of August 2021. The project was originally scheduled to last for twelve months, but since our customers pushed us to develop the solution as fast as possible, we decided to give the project higher internal priority and speed up the development. Thus we are as of now (October 2021) finishing the work on the datasets (creation of the datasets and data labeling). According to the adjusted time schedule, we aim at the Final Review of the project in April 2022.

Prime Contractor Company
SpaceKnow
Czech Republic Flag Czech Republic
Contractor Project Manager
Name
Ondrej Santora
Address
Thamova 18a Prague, 18600, Czech Republic
ESA Technical Officer
Name
Piera di Vito

Current activities