Utilization of satellite data in the leasing industry
Artur highlighted the significant increase in the number of satellites, pointing out that there are now more than 8,000 satellites in orbit, of which 5,000 are active, including telecommunications and Earth observation satellites. He also discussed the various applications of leased satellite data, focusing on segments such as light and heavy vehicles, agricultural machinery and real estate.
Artur explained that satellite data can be used to monitor fleet movements, predict road conditions and assess the state of agriculture. Using satellite imaging as an example, he showed how it can help forecast agricultural yields, enabling leasing companies to predict demand for agricultural machinery and provide informed advice to customers.
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In addition, he also mentioned the use of satellite data in assessing the predictability of repayments, as the information gathered can contribute to risk modelling and assessing the ability to repay a loan. Arur spoke several times about how satellite data is a reliable and consistent source of information, offering comprehensive data over large areas.
As far as the main segments are concerned, i.e. light vehicles, heavy vehicles, there are already known applications for telecommunications batteries, or fleet monitoring. On top of this, there is also the possibility of monitoring the condition of the roadway, for example, the condition of the roads, which also makes it possible to predict the wear and tear of this fleet. On the other hand, we also have the agricultural machinery and equipment sector. And here we can also talk about many applications and a lot of data that comes from satellites, which are useful for assessing certain risks and building models in the leasing industry. Artur Nowakowski
Earth Observation Lead