UAE: Space-as-a-service business model on the rise, say expe… – MENAFN.COM

UAE: Space-as-a-service business model on the rise, say expe… – MENAFN.COM

The market demand for a 'space-as service' business model is increasing exponentially according to experts, propelling UAE's current space exploration programmes.

Shedding light on this was Abu Dhabi's artificial intelligence firm and Cloud Computing Company Group 42, who have been tapping into new commercial opportunities in the space sector. Space, which has a natural use for Artificial Intelligence (AI), is also instrumental in driving the country's cosmic program that includes the forthcoming lunar mission. It also enhances its other successful interplanetary missions like the Emirates Mars Mission and other subsidiary agendas. Elucidating on the topic, 'Earth Observation in the New Space Age', Dr Prashanth Marpu, Tech Lead of Space Program at G42 highlights about the different components and data providers who are involved in the building and launching of satellites. He says the space environment is no longer the sole sanctuary of government agencies. New entrants and private players entering the domain are now vigorously pushing the sector forward. ''In early 2009, there was a significant market disruption after some young NASA scientists left their jobs and started Skybox Imaging," says Marpu. "They wanted to provide high resolution video images from satellites. That kick started a number of things." The expert further