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GIS and its importance in the Economical field

For beginning with, what is GIS?It is a geographic information system (GIS) that

integrates hardware, software, and data for capturing, managing, analyzing, and displaying all

forms of geographically referenced information.

GIS allows us to view, understand, uestion, interpret, and visualize data in many

ways that reveal relationships, patterns, and trends in the form of maps, glo!es, reports, and

charts.

" GIS helps you answer uestions and solve pro!lems !y loo#ing at your data in a

way that is uic#ly understood and easily shared.

GIS technology can !e integrated into any enterprise information system framewor#.

What are the advantages of GIS?$ne of the main !enefits of GIS is improvedmanagement of organization and resources. " GIS can lin# data sets together !y common

locational data, such as addresses, which helps divisions and units share their data. %y

creating a shared data!ase, one department can !enefit from the wor# of another&data can

!e collected once and used many times.

'a#ing maps with GIS is much more flei!le than traditional manual or automated

cartography approaches. " GIS creates maps from data pulled from data!ases. Eisting paper

maps can !e digitized and translated into the GIS as well. he GIS*!ased cartographic

data!ase can !e !oth continuous and scale free. 'ap products can then !e created centered on

any location, at any scale, and showing selected information sym!olized effectively to

highlight specific characteristics. " map can !e created anytime to any scale for anyone, as

long as you have the data.he old adage +!etter information leads to !etter decisions+ is true for GIS. " GIS is

not ust an automated decision ma#ing system !ut a tool to uery, analyze, and map data in

support of the decision ma#ing process.

What are the components of GIS?" wor#ing GIS integrates these five #ey

components- hardware, software, data, people, and methods.

ardware is the computer on which a GIS operates. oday, GIS runs on a wide range

of hardware types, from centralized computer servers to des#top computers used in stand*

alone or networ#ed configurations.

GIS software provides the functions and tools needed to store, analyze, and display

geographic information. /ey software components are- a data!ase management system (0%'S)

tools for the input and manipulation of geographic information

tools that support geographic uery, analysis, and visualization

a graphical user interface (G1I) for easy access to tools

'ay!e the most important component of a GIS is the data. Geographic data and

related ta!ular data can !e collected in*house or !ought from a commercial data provider.

'ost GISs employ a 0%'S to create and maintain a data!ase to help organize and manage

data.

GIS technology is of limited value without the people who manage the system and to

develop plans for applying it. GIS users range from technical specialists who design andmaintain the system to those who use it to help them do their everyday wor#.

" successful GIS operates according to a well*designed plan and !usiness rules,

which are the models and operating practices uniue to each organization.

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What is the importance of using GIS in the economic field? 2ell, as GIS

increasingly penetrates a varied num!er of fields and su!ects and integrates further into

mainstream !usiness, the need to !uild close relationships

!etween the worlds data and the

!usiness community is stronger than ever.

Economic development agencies use data and GIS tools to retain, grow, and attract

!usinesses. 2ith easy*to*use

, modern 2e! applications

and current data, agencies givecommunity and !usiness leaders the information they need to ma#e investment decisions. $f

course, a wide range of software can provide similar functions for uantitative data so it is the

geographical

, or spatial element

that separates GIS from the others.

he most freuent application in economics is the use of GIS to visualise economic

data with a spatial component

. 3ess common, !ut more interesting, is the use of GIS storage

and management functions to generate additional data used in statistical analysis.

he two most common models are raster format (assigning a code to each cell on a

regular grid) and vector format (assigning a code to, and providing coordinates for, irregular

polygons). GIS provide tools for moving !etween these different geographical data models.

In order to succeed, a company must now learn to ma#e GIS a part of its practices.

4ompanies could ma#e use of the recieved data to identify the types of people or companiesthat might most li#ely !e interested in a purchase or lease. 1tility companies can monitor

growing communities and !usiness areas to !etter predict the need for epansion and capital

outlay.

4ompanies in these and other mature industries can learn that location is much more

than a place on a map. %y using GIS, companies can #now what the company can do to

!etter operate.

In conclusion, using GIS in Economics generally assures any company with !etter

and easier statistic datas that are needed in orded to maintain a good trac# of new thing

coming its way, whether it is a!out new costomers, new competition, new loses and so on.

GIS can perform complicated, analytical functions, allowing decision ma#ers to see

practical pro!lems !efore acting and then ,they can choose the !est method. If you include

the Internet, GIS provides consistent means for echanging and analyzing geographic data

among government, private sector or non*profit organizations.

"lthough GIS offers powerful capa!ilities for any industry, it reuires significant

commitment from upper management, financial and human resources, training, and patience

to gain the potential rewards.