How has space technology revolutionized our everyday life and can we apply it to our business models?

People nowadays do not pay much attention to how things have changed in the last few decades and the impact that technological evolution has had in our daily lives. What is interesting about these revolutionary inventions which we take for granted, is that the groundwork for their creation derives from space related activities. Things explicitly made to improve space exploration can now be seen in our homes as well as workplaces aiding us in various activities.

One example of these innovations are phone cameras, the idea behind them was that in the year 1990 a small portable camera with scientific quality of picture taking was necessary, the technology used then is now contained in 1/3 of all cameras. Another example are Wireless Headphone sets. Created because astronauts needed to be able to move without worrying about wires while receiving important information which might be crucial in the event of crisis.

There is a collection of different space innate inventions that find use in our daily lives, but perhaps one of the most influencing discoveries which led to a significant development in distinctive sectors and industries is the internet and its effects on communication. Most of the means people use for communicating with each other and the world today, are dependent on satellites orbiting the Earth, constantly receiving and sending signals to different devices.

The idea of Internet of Thing (IoT) was developed through an embedded web technology to monitor space experiments remotely over the Internet. This connectivity of IoT means potentially taking all the things in the world and connecting them to the internet, thus leading to the constant transfer of information making things ‘smart’ and creating variety of benefits feeding off each other.

​This is why we should encourage innovations in the space industry as it plays a huge role in the technological aspect of our lives. New inventions find useful and sometimes unexpected purposes in different areas, leading to creative and efficient solutions. Internet of Things serves as a good example, being applied in a business model it could lead to a higher performance and better productivity including less operating and direct cost, therefore giving the opportunity of taking a business to the next level and positively impacting the growth of the economy.