Russia’s TERRA TECH is Shaping a New Geoservices Market

TerraCloud system (Credit: TERRA TECH)

MOSCOW (Roscosmos PR) — For TERRA TECH, a Russian Space Systems holding company (RKS, part of the Roscosmos State Corporation), 2021 was marked by a number of important events and achievements. With a threefold growth in demand for geoservices and digital products based on Earth remote sensing (ERS) data, TERRA TECH has become one of the key players in this market, shaping new industry trends and opening unlimited access to geo-information to a wide range of consumers.

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TERRA TECH & Yaroslavl State University to Develop Artificial Intelligence Technologies Based on Satellite Data

ST. PETERSBURG, RUSSIA (Roscosmos PR) — TERRA TECH, a subsidiary of the Russian Space Systems Holding (RKS, part of the Roscosmos State Corporation), and Yaroslavl State University named after P.G. Demidov at the St. Petersburg Economic Forum agreed to unite efforts to develop and market high-tech software solutions based on space imagery data using artificial intelligence technologies.

The signing of the agreement is intended to strengthen the competences of the parties and create new groundwork in the development of modern geoinformation solutions using deep machine learning and neural networks. Cloud geoservices are in demand on the market today, providing information and analytical products based on Earth remote sensing data from space to both government agencies and commercial consumers, including individuals. Consumer requirements for the delivery time of space data and ready-made analytics necessitate the connection of artificial intelligence technologies for automation, increasing the speed and volume of generated information.

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