The Geospatial Lab (GeoLab) under the Development Bureau was officially opened in July this year. Located at Millennium City I in Kwun Tong, GeoLab is operated by the Tung Wah Group of Hospitals, occupying an area of 3,000 square feet. The lab has "geospatial" as its theme and is equipped with advanced technology and training facilities to raise the public's interest in spatial data through integration of education, experience and practice. Together with the community, it explores the value and application of spatial data in support of smart city development. Therefore, it bears a great responsibility.
Geospatial data has huge value and great potential. An earlier report issued by the Geospatial Commission of the U.K. stated that private companies realise up to an estimated £11 billion of economic value for the country each year in the form of job creation, air quality improvement, etc. by using geospatial data. However, the report also pointed out that policy-makers often lack understanding of the value of geospatial data and knowledge to apply it, making this valuable data underused or even idle.