TL;DR:
- Space technology is no longer limited to space travel but is now playing a role in everyday life on Earth.
- Satellite services are a major area of innovation, with the European Space Agency promoting the use of satellite services in various industries.
- Businesses are benefiting from satellite technology in fields such as agriculture, mining, and transportation.
- The use of satellite technology in mineral exploration has allowed for faster and more data-driven exploration, reducing the need for expensive and environmentally impactful drilling.
- Ernst & Young has launched its Space Tech Initiative to help businesses understand and harness the potential of satellite data in various sectors.