Satellite data beats historical financial records because it can't be manipulated or greenwashed. The speaker predicts geospatial data will become standard in finance within years, like Bloomberg terminals are now, offering real-time insight that historical data can't match.
most useful models should be forward-looking. Real-time current satellite data is unbiased. You cannot cheat satellite around Earth. You cannot greenwash it. I don't know if you have heard about the Hawthorne effect that mentions people behave differently when they know they're being observed. Additionally, if you have satellite data, it's a much better input to models as compared to historical data that could be biased, manipulated, or with too much of a lag, it could be delayed. I believe in a few years as analysts have today a Bloomberg terminal, there will be some sort of geospatial data available in different forms and sources. So basically, geospatial data means data that you get from satellites and you can somehow process it to help you in financial decision analysis. That's in a nutshell what it's about.
Trust and Leadership Lessons for FP&A From 100+ Top Leaders with CFO Jon Laudie
